Malaysia’s CIMB appoints Mohd Nasir Ahmad as new chairman


He is currently the group chairman of Media Prima Berhad, the country’s biggest media conglomerate.

Singapore IT services firm Everise scouting for more M&A deals

Everise, owned by Sunrise BPO Services, PE firm Everstone Group and ACPI, recently acquired Malaysia-based AI startup Hyperlab.

Malaysia’s Press Metal to acquire 50% stake in Australian firm for $178m

Press Metal said, the acquisition will ensure long-term access to raw material and reduce exposure to third party suppliers.

MY minister says govt has not ruled out PNB, Khazanah asset disposal

“The government is still looking at whether there is a need to sell off its assets. We should wait for a statement by the government,” said Deputy Economic Affairs Minister, Mohd Radzi Md Jidin.

Malaysia’s Ekuinas divests stake in mobile transaction gateway Tranglo to TNG for $27.6m

The divestment gives Ekuinas an IRR of 26.8% and money multiple of 1.96 times the capital invested.

MY: Soft Space group CEO steps down, next funding round still on track

Chang will also relinquish his role as a director but will remain a shareholder in Soft Space.

CIMB expects more M&As as Malaysia seeks to pare stakes in state firms

Bankers see opportunities in transactions that could emerge from sovereign wealth fund Khazanah Nasional’s portfolio rebalancing, or at other government-linked investment companies.

Malaysia Digest: Nestle sells businesses; Hibiscus Petroleum buys UK oilfields

Nestle (Malaysia) Bhd is disposing its chilled dairy and manufacturing businesses to French dairy group Lactalis for $37.33 million.

Malaysia’s IHH Healthcare ups stake in Turkish subsidiary Acibadem

IHH Healthcare Bhd will increase its majority equity interest in its Turkish subsidiary Acibadem Holding from 60% to about 90%.

Asean Dealbook: Calbee exits Philippine JV; Malaysia’s Exabytes buys HostPro2U

Calbee’s exit comes as the Philippine joint venture continues to post losses since its establishment in 2014.