News Formal

PNB clarifies investment in FashionValet

  • 📰 staronline
  • ⏱ Reading Time:
  • 24 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 75%

PNB Nyheter

Fashionvalet,Khazanah,Stake

PARIS (Reuters) - France stepped up efforts on Friday to protect Atos, the country's struggling and debt-ridden software company which is undergoing a restructuring.

In a statement issued on Friday night , PNB said: “In 2018, the PNB Proprietary Fund participated in FV’s Series C fundraising through a Redeemable Convertible Preference Shares investment of US$5mil for a small minority stake.

PNB further stated that this investment aligned with the government’s call for government-linked investment companies to support high-potential Bumiputera enterprises operating in the new economy. “As part of this arrangement, the Bumiputera investor also offered to purchase shares from existing FV investors. Given PNB’s small stake and that the investment had been largely provided for, it was decided to accept this purchase offer, allowing FV to progress.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 4. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Give time for Khazanah, PNB to explain losses in RM47m FashionValet investment, Fahmi tells MalaysiansKUALA LUMPUR, Oct 31 — Communications Minister Fahmi Fadzil today told the public to give Permodalan Nasional Berhad (PNB) and Khazanah Nasional Bhd (Khazanah) some time to...
Källa: malaymail - 🏆 1. / 86 Läs mer »

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%.
Källa: staronline - 🏆 4. / 75 Läs mer »