Khazanah

Malaysia's sovereign wealth fund Khazanah Nasional has picked up about 3% stake in ecommerce focussed logistics firm Xpressbees by paying $40 million through a secondary share sale, sources briefed on the matter said. Xpressbees has…

For new-age stock broking firms which grew exponentially during Covid-19, the past year has been punishing. This and more in today’s Morning Dispatch.Also in this letter:■ Elevation sells 3% stake in Xpressbees■ Won't notify govt fact-check…

Beleaguered automotive startup GoMechanic has been acquired by a consortium led by auto component maker Lifelong Group, the group said in a press statement. The sale was led by GoMechanic's venture debt investor Stride Ventures. "This…

KUALA LUMPUR: Malaysia's sovereign wealth fund Khazanah Nasional will aim to raise its high-impact and commercially viable investments over the next five years through a RM6 billion (US$1.4 billion) internal fund to help build up the…