Khazanah and PNB defend investment in FashionValet, say did so to support homegrown and Bumiputera start-up

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KUALA LUMPUR, Nov 2 — Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) have issued separate statements on their R...

The sovereign wealth fund said its rationale for investing in FashionValet was anchored on the theme of offline-to-online e-commerce and a commitment to supporting Malaysian entrepreneurs and promising early-stage companies.

KUALA LUMPUR, Nov 2 — Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) have issued separate statements on their RM43.9 million losses after selling their stakes in e-commerce platform Fashion Valet Sdn Bhd for RM3.1 million.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaUkraine

Topics: FashionValet Vivy Yusof Permodalan Nasional Bhd Khazanah Nasional Berhad

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-02 @ 08:45:34 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 837 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 23367437

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