MY Dealbook: Asdion buys supply base firm; Texchem cuts stake in unit; Orlins raises funds

MY Dealbook: Asdion buys supply base firm; Texchem cuts stake in unit; Orlins raises funds

An investor monitors share market prices at a brokerage firm in Kuala Lumpur, Malaysia, August 24, 2015. REUTERS/Olivia Harris

Malaysian logistics company Asdion Bhd is acquiring Kingdom Infra for $16.25 million while Texchem Resources Bhd has exited its 51 per cent stake in wholly-owned unit to a US-based company for RM4.28 million ($1.05 million). On the equity crowdfunding side, Orlins Venture Group has raised RM302,000 ($73,802) via Ata Plus.

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