Malaysia

Malaysia Airports $4b takeover offer by investors is reasonable, says deal adviser

The offer made by the consortium of investors in May sought to upgrade infrastructure and improve connectivity and services.

Creador is slated to sell a nearly 8% stake in the firm.

The fund was launched with a target to raise $750 million to $800 million.

It’s seen as one of the biggest beneficiaries of the China+1 policies.

Deal volume in the sector contracted for the first time in nine years.

Malaysia wants EVs and hybrids to account for a fifth of new car sales by 2030.

Malaysia has secured billions of dollars in investment from global tech firms.

A weekly recap of news breaks, research reports, data-driven stories, cutting-edge analysis, and much more.

Mawar Setia will acquire the stake in U Mobile from Straits Mobile Investments, a unit of ST Telemedia.

The deal marks the first female-founded and entrepreneur-led company in Bintang’s portfolio.