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[Negeri Sembilan]
RUMAH BORAK SELATAN: DELICATE ORCHARD
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Masalah datang dan pergi. Biarkan ia mematangkan diri, bukannya mengubah matlamat hidup. |
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mamanoni replied at 6-11-2024 01:49 PM
Sukar bukan bermakna mustahil. Teruskan menempuh jalan kejayaan walau berliku!
Noni 3K lagi
Ajommmssss |
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Kegagalan hanya ujian sementara. Bangkit semula dengan semangat membara! |
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Oh hujan pinatsss, turunlah ke bumi kami
Ohoooiiii |
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Berani mencuba dan gagal adalah pengalaman. Takut untuk mencuba adalah penyesalan seumur hidup. |
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Pastikan langkah seterusnya membawa anda lebih dekat ke destinasi, walaupun terpaksa melalui jalan berliku. |
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Anak-anak adalah pelita hati yang menerangi keluarga. Jangan padamkan cahaya mata mereka yang penuh impian! |
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Tiada cinta yang melebihi kasih sayang keluarga. Dekatkanlah tali silaturrahim anda! |
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Vellfire replied at 6-11-2024 01:49 PM
sampai ke parlimen kes dorang ni..
dlm tu ada share dorang
Ahahaa
I think last year Vivy ada launch buku biodata dia
Pakai all white
Invite KJ
Baru2 pun dah ada buku kau…..mmmmmmm |
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Home
Khazanah, PNB sold their RM47 mil stakes in FashionValet for just RM3.1 mil — MOF
Parliament
Khazanah, PNB sold their RM47 mil stakes in FashionValet for just RM3.1 mil — MOF
Home
Khazanah, PNB sold their RM47 mil stakes in FashionValet for just RM3.1 mil — MOF
Parliament
Khazanah, PNB sold their RM47 mil stakes in FashionValet for just RM3.1 mil — MOF
By Luqman Amin / theedgemalaysia.com
29 Oct 2024, 01:41 am
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KUALA LUMPUR (Oct 29): Malaysia's sovereign wealth fund Khazanah Nasional Bhd and asset manager Permodalan Nasional Bhd (PNB) sold their collective stakes in the country’s first fashion e-commerce platform Fashion Valet Sdn Bhd (FashionValet) for a mere RM3.1 million — a significant loss from their initial RM47 million investments.
Khazanah invested RM27 million into FashionValet in 2018 while PNB put in RM20 million, both for minority stakes in the company, according to the Ministry of Finance's (MOF) written reply published on Parliament's website on Monday evening.
Khazanah and PNB then sold their stakes at the end of 2023 to NXBT Partners Sdn Bhd, an investment holding company controlled by Afzal Abdul Rahim, the chief executive officer of TIME dotCom Bhd (KL:TIMECOM). Khazanah also holds a 32.34% stake in TIME dotcom, as of July 22 this year.
The ministry was responding to a question from Puchong MP Yeo Bee Yin, who asked for details of the transaction, and if other government-linked companies or government-linked investment companies had also invested in FashionValet.
Khazanah had earlier last month made a statement to address what it termed as misconceptions regarding the asset disposal, which had been described as a fire sale by a tech newsletter and stirred heated discussions online about the valuation of the transaction. Khazanah was reported as saying that as a private market investor, it "regularly invests in and divests from assets based on our investment horizon and portfolio allocation strategy".
"Losses incurred from the stake sale were minor in comparison to Khazanah and PNB’s overall earnings for the year," MOF said in its written reply on Monday.
“The sale represents a responsible exit by Khazanah and PNB, transferring FashionValet to a strategic investor positioned to meet the company's financial needs and support business growth," it said.
MOF also defended Khazanah's investment into the company, saying it aligned with Khazanah's mandate at the time to foster local tech entrepreneurs and gain exposure to the growing e-commerce sector.
"At the same time, PNB’s investment thesis was focused on supporting fast-growing Bumiputera digital retail companies to develop into a regional retail platform for Malaysian brands." it added.
NXBT now owns 51.25% of FashionValet, according to data from the Companies Commision of Malaysia. The second largest shareholder is Datuk Fadzarudin Shah Anuar, husband of fashion influencer Datin Vivy Yusof, holding 17.65%, followed by MyEG Capital Sdn Bhd — a subsidiary of MyEG Services Bhd (KL:MYEG) — with a 5.78% stake.
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B4 she went into this business, mmg aktif blogging kan |
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So mmg ramai laa followers |
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Hargailah diri, diri itu bukan ringgit nilainya |
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Betul2 bisnis Megah Holding anak papa, mama |
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Senyum di dalam kesedihan memberi 1000 persoalan untuk ditafirkan…tapi senyum dalam kegembiraan memberi 1000 jawapan kepada persoalan |
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Tiada anak yang tidak sah yang ada ialah orang tua yang tidak sah |
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Biarlah bodoh bila diajar tapi jangan bodoh tanpa pelajaran
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Jadikanlah diri kamu umpama seketul ubi rebus yang bertutup rapat daripada menjadi sepotong kek berkrim yang dihurungi lalat |
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Category: Negeri & Negara
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Post time 6-11-2024 01:49 PM
Post time 6-11-2024 01:52 PM
