The yacht was seized in Indonesian waters in 2018 as part of Malaysia’s effort to recoup about $4.5 billion allegedly embezzled from 1MDB.
Globaltec Formation is selling a 51% stake in its Australia-listed subsidiary NuEnergy Gas to Saujana E&P through a new share placement for A$38.62 mi
PNB-INSPiRE Ethical Fund I, Cradle Seed Ventures, Axiata Digital Innovation Fund and existing investor, SPH Ventures, also participated in the round.
Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN) would take a 30 per cent stake in Tasco Yusen Gold Col
Jamaludin will oversee investments and fundraising for the VC firm in Malaysia and manage a joint fund launched with Pakistan's Fatima Ventures.
Carimin Petroleum has picked up a 60% stake in oil and gas inspection, repair and maintenance (IRM) service provider Subnautica Sdn Bhd.
The purchase is also expected to tip Kenanga Investors' assets under management over the 10 billion ringgit ($2.5 billion) mark.
PNB recorded a four per cent drop in net income at $4.17 billion amidst a challenging year.
A local lawmaker had recently said that Fernandes should be given a shot to revive Malaysia Airlines.
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