Malaysian conglomerate Sunway Bhd sets up VC arm, targets to raise $50m

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Sun SEA Capital is looking to invest in Southeast Asian and Hong Kong startups in O2O convergence, enterprise solutions, logistics, digital media or entertainment, fintech and digital health sectors.

Malaysian pilgrim fund Tabung Haji announces key departures

Tabung Haji is a state-owned fund formed to manage Muslim pilgrimages. It has a total of $18.05 billion funds under its management.


Malaysia Digest: Sime Darby sells China water business; Ex-Khazanah ED joins MIDF

Malaysian Industrial Development Finance Bhd (MIDF) has appointed ex-Khazanah executive director to be its group managing director.


Malaysia’s $69b state fund PNB names new group chairman, Wahid retires

Malaysia’s largest fund management firm Permodalan Nasional Bhd (PNB) will be chaired by former Malaysia Central Bank (BNM) governor Zeti Akhtar Aziz, effective from July 1, 2018


Asia Digest: Singapore TEE Land, Malaysia’s Crest Builder in realty deals

Singapore’s TEE Land will be acquiring a freehold land along Upper East Cost Road for $43.86 million.


Prudential said to file for potential $700m IPO of Malaysia unit

The insurer is exploring options to reduce its stake in the business following a regulatory directive.


Asia Digest: Colony to open third co-working space; Siam Cement pares stake in unit

Thai-listed Siam Cement is divesting its 60 per cent stake in Siam Stabilizers and Chemicals Co Ltd to Sakai Chemical Industry Co Ltd.


The Goldman lunch that set the stage for the 1MDB financial scandal

The lunch, previously unreported, brought together the key parties in what has become the biggest financial scandal in Malaysia’s history, involving the alleged misappropriation of $4.5 billion of 1MDB funds.


Asia Digest: Thai Union picks 25% in seafood retailer; Sunway pares stake in SG JV

SET-listed Thai Union Group has acquired a 25.1 per cent stake in Thammachart Seafood Retail


People Digest: 1MDB gets new chairman; Barings appoints new APAC MD

1Malaysia Development Bhd has appointed Asri Hamidon as its new chairman, effective June 25. Asri is also the deputy secretary-general of Malaysia’s Treasury Department under the Ministry of Finance.