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

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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.

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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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