People: Khazanah promotes senior execs; ARA gets CEO for infra biz

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Malaysia’s sovereign fund Khazanah Nasional Bhd has promoted Amran Hafiz Affifudin and Bryan Lim to Executive Director, Investments.

7-Eleven Malaysia to acquire 60% of food supplier Café Decoral

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.


CVC Capital in talks to buy Malaysian snacks maker Munchy for $283m

Munchy CEO CK Tan and siblings control 70% of the firm, while the rest is owned by KWAP and Tremendous Asia Partners.


Malaysia’s Maybank said to be preparing insurance unit spinoff

Etiqa, its insurance unit which operates in Malaysia, Singapore, the Philippines and Indonesia, is said to be worth at least $1 billion.


Malaysian fintech firm HelloGold raises Series A funding from 500 Startups

Funding will be used for the integration and testing of blockchain elements on the HelloGold mobile app.


Malaysia’s IHH says Fortis declines to engage on takeover offer

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.


Malaysia: State-owned PE Ekuinas picks controlling stake in electronics firm Flexi Versa

This is Ekuinas’ second investment in manufacturing after Davex last year in December.


Guest post: iflix now treading deep waters

iflix, which recently closed its digital division in Singapore, has been keeping mum since it raised $133 million about eight months ago.


Malaysia’s Serba Dinamik acquires 24.8% stake in Singapore’s CSE Global

Serba Dinamik seeks to enlarge its geographical footprint into countries where CSE Global has presence.


Malaysian pension fund EPF to exit investment in Columbia Asia

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.