News Formal

Khazanah and PNB stand by startup investment plans despite FashionValet loss, Parliament told

  • 📰 malaymail
  • ⏱ Reading Time:
  • 29 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 86%

Khazanah Nasional Bhd News

Permodalan Nasional Bhd PNB,Fashionvalet,Startups

KUALA LUMPUR, Nov 14 — Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) have affirmed their commitment to supporting startups and pledged to enhance governance practices,...

No idea how to plan your retirement or manage your money after retiring? Get free advice from EPF’s award-winning Relationship & Advisory service

Michelin Guide Kuala Lumpur and Penang 2025: Two new restaurants earn one star and the first Green star was given to DewakanAmir Hamzah went on to say that the experience with FashionValet would not deter Khazanah and PNB’s involvement in the startup sector.

However, offers from new investors were limited, and the most favourable offer was ultimately accepted with unanimous shareholder support, he added. He went on toe say that in 2017, FashionValet reported nearly RM60 million in revenue and an annual growth rate exceeding 100 per cent since 2013.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MACC grills FashionValet founders for sixth day running over RM43.9m investment loss probePUTRAJAYA, Nov 13 — The founding couple of FashionValet Sdn Bhd, linked to the investment loss of Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB), continued...
Source: malaymail - 🏆 1. / 86 Read more »

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...
Source: malaymail - 🏆 1. / 86 Read more »