By Tanu Pandey
Malaysia’s sovereign fund Khazanah Nasional Bhd has promoted Amran Hafiz Affifudin and Bryan Lim to Executive Director, Investments.
The proposed acquisition will enable 7-Eleven Malaysia to venture directly into the production of ready-to-eat fresh food to be sold at its stores.
Munchy CEO CK Tan and siblings control 70% of the firm, while the rest is owned by KWAP and Tremendous Asia Partners.
Etiqa, its insurance unit which operates in Malaysia, Singapore, the Philippines and Indonesia, is said to be worth at least $1 billion.
Funding will be used for the integration and testing of blockchain elements on the HelloGold mobile app.
The Fortis board indicated it was unable to engage with IHH due to binding agreements with Manipal Health Enterprises, Manipal Global Health Services and TPG Asia.
This is Ekuinas’ second investment in manufacturing after Davex last year in December.
iflix, which recently closed its digital division in Singapore, has been keeping mum since it raised $133 million about eight months ago.
Serba Dinamik seeks to enlarge its geographical footprint into countries where CSE Global has presence.
Employees Provident Fund (EPF) is also planning to increase the share of global assets to 32% of total assets this year from 28% in 2017.