Khazanah, PNB sold FashionValet stakes at a loss of RM43.9mil, says Finance Ministry

Khazanah Nasional’s Dana Impak to launch initiatives to advance the national venture capital ecosystem

“The investments were aimed at supporting local tech entrepreneurs and the growth of digital retail, particularly bumiputra companies.

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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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