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“As FashionValet sought to transform into a multi-channel shopping platform, it rapidly expanded its physical store presence. “The challenging fundraising environment at that time also hindered FashionValet’s attempts to secure fresh funding,” he stated. “To remain operational and resolve cash flow issues, FashionValet urgently required capital from new investors, but received limited interest,” he added.
“The final findings will help improve governance within the involved government-linked investment companies ,” he said.
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872,000 EPF members make voluntary contributions as of Aug 2024, says Finance MinistryA study says it adds to 'risks of developing psychological and cardiovascular illnesses' among spouses, siblings, children and parents.
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Khazanah, PNB sold FashionValet stakes at a loss of RM43.9mil, says Finance MinistryAlmost one in five of the workforce in Guangzhou have turned to work in flexible contracts, higher than China’s national level of 14.3%.
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