Khazanah: Divestment a strategic exit from cash-starved company

📆 05-11-24 09:47:00
📰 staronline

⏱ Reading Time:
19 sec. here
4 min. at publisher
📊 Quality Score:
News: 18%
Publisher: 75%

Khazanah Nasional Nouvelles

Fashionvalet,Divestment

Estonian ehailing service Bolt is set to launch in Malaysia soon, according to a notice displayed on the app's main homepage.

PETALING JAYA: Khazanah Nasional has stepped forward to explain its recent divestment from FashionValet Sdn Bhd, following an apology issued by the two founders of the fashion company.

The government-linked investment company added that, however, FashionValet faced numerous challenges over the years, exacerbated by the Covid-19 pandemic, which hindered its platform expansion. In late 2023, NXBT Partners, led by an experienced Malaysian entrepreneur, offered to acquire existing shareholders’ stakes and infuse capital into FashionValet.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Écrire un Commentaire

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

After RM47m investment in FashionValet, Khazanah and PNB only got RM3.1m from sale; Finance Ministry says loss ‘negligible’KUALA LUMPUR, Oct 29 — Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB) received RM3.1 million from the sale of their shares in Fashion Valet Sdn Bhd...
La source: malaymail - 🏆 1. / 86 Lire la suite »