Malaysia: Navis Capital-backed Village Grocer acquires smaller rival BIG


Malaysian premium grocery brand Village Grocer has acquired competitor BIG in a bolt-on acquisition, which also sees Navis Capital consolidating its interest in the grocery space.

Malaysia’s Axiata Digital invests $16.8m into Swedish insurtech BIMA

To date, BIMA has raised $75 million in equity funding.

Malaysia mulls enforcing foreign insurer holding cap

AIA, Great Eastern & Tokio Marine have wholly owned operations in Malaysia.

MY Digest: Berjaya Assets buys 1.62% in 7-Eleven; Lion sells industrial land

Malaysia’s Berjaya Assets Bhd’s wholly-owned unit Berjaya Times Square Sdn Bhd has acquired a 1.62 per cent stake in 7-Eleven Malaysia Holdings Bhd from Berjaya Retail Bhd for $6.1 million. Meanwhile, Lion Industries Corp Bhd has announced the disposal of an industrial property in Klang to Yinson Corp Sdn Bhd… Read more »

MY: Eco World buys 80% in Salcom to develop project in Melbourne

The company recently listed at the local exchange raising about $586.2 million

Petronas pitches $1b offshore gas project stake to Shell, ExxonMobil, PTTEP, others

Malaysia’s Petronas has pitched an estimated $1 billion stake in a prized upstream local gas project to potential bidders including Royal Dutch Shell, ExxonMobil Corp, Thailand’s PTT Exploration and Production and Japanese firms, sources familiar with the matter said. If successful, the deal could mark the Malaysian company’s biggest upstream… Read more »

MAVCAP set to hit $50m first close for Meranti Fund, Elixir-partnered Islamic Fund

The combined size of the two vehicles will be about $450 million.

Malaysia’s EPF buys 49% in OSK’s Australia project for $115.9m

Yarra Park City will develop mixed use property Melbourne Square at a GDV of over $2.1 bn

PPG acquires remaining 50% in Asian joint venture IVC

The US paint maker is embroiled in takeover tussle to buy Dutch competitor AkzoNobel

Swiss regulator still probing three banks over 1MDB role

A probe of UBS Group AG in the matter was closed.