Khazanah: Divestment a strategic exit from cash-starved company

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.

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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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...
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