Malaysia charges another former Goldman Sachs banker over 1MDB


Malaysian prosecutors charged the second former Goldman banker, Roger Ng, a Malaysian, with four counts of abetting the bank to provide misleading statements in the offering prospectus for the bonds that the bank helped sell for 1MDB.

CVC Capital said to explore sale for Asian funeral group Nirvana

CVC bought Kuala Lumpur, Malaysia-based Nirvana for $1.1 billion in 2016, betting on increased demand for luxury funerals in the region.

AirAsia transfers non-airline businesses to digital venture arm

AirAsia Group entered into a share sale agreement with AirAsia Bhd and AirAsia Investment Ltd to acquire nine non-airline digital businesses as well as their subsidiaries.

Malaysia’s IHH to halt open offer for Fortis after Indian court ruling

IHH Healthcare said that is is currently evaluating the order and seeking appropriate legal advice.

Malaysia files criminal charges against Goldman Sachs in 1MDB probe

Goldman Sachs has been under scrutiny for its role in helping raise funds through bond offerings for 1MDB.

Malaysia’s SP Setia, Sime Darby offload Battersea stakes to PNB, EPF for $2b

The transaction is expected to be completed by the first quarter of 2019.

People Digest: DCM appoints China partner; StashAway inducts ex-Khazanah ED as advisor

Early-stage global venture capital firm DCM has promoted Ray Zhao in China and Kyle Lui in the US as partners.

Malaysian tycoon Krishnan to sell German tropical resort for $256m

Krishnan, Malaysia’s fifth-richest person, has been shifting his focus to domestic investments after Aircel Ltd., an Indian wireless operator he controls, filed for bankruptcy protection this year.

Malaysia’s Creador secures $50m from ADB, raises $533m for fourth PE fund

Creador IV is on track to achieve a final close at its $550-million hard cap by January 2019.

Deal value in Malaysia hits three-year low: Duff & Phelps

The two largest M&A transactions in 2018 were done by Khazanah.