By Emily Chow
He is currently the group chairman of Media Prima Berhad, the country’s biggest media conglomerate.
Everise, owned by Sunrise BPO Services, PE firm Everstone Group and ACPI, recently acquired Malaysia-based AI startup Hyperlab.
Press Metal said, the acquisition will ensure long-term access to raw material and reduce exposure to third party suppliers.
“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.
The divestment gives Ekuinas an IRR of 26.8% and money multiple of 1.96 times the capital invested.
Chang will also relinquish his role as a director but will remain a shareholder in Soft Space.
Bankers see opportunities in transactions that could emerge from sovereign wealth fund Khazanah Nasional’s portfolio rebalancing, or at other government-linked investment companies.
Nestle (Malaysia) Bhd is disposing its chilled dairy and manufacturing businesses to French dairy group Lactalis for $37.33 million.
IHH Healthcare Bhd will increase its majority equity interest in its Turkish subsidiary Acibadem Holding from 60% to about 90%.
Calbee’s exit comes as the Philippine joint venture continues to post losses since its establishment in 2014.