MAVCAP and Penjana Kapital Now Khazanah Subsidiaries, RM1 Billion Funding to Follow

Quick Summary:

Malaysia’s sovereign wealth fund Khazanah Nasional has announced the completion of its acquisitions of Malaysia Venture Capital Management (MAVCAP) and Penjana Kapital.

These moves align with the objectives of the Malaysia MADANI Budget 2024, aiming to strengthen the country’s venture capital ecosystem and improve public institutions.

The acquisitions make MAVCAP and Penjana Kapital wholly owned [...]

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Article Details

Category: StartupsBusinessTechnology

Markets: Malaysia

Topics: Funding Penjana Kapital Mavcap Khazanah nasional Khazanah

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 05:51:09 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: fintechnews.my

Language: English

Article Length: 258 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © Fintech News Malaysia

News ID: 21855435

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About Fintech News Malaysia

Main Topics: StartupsBusinessTechnology

Official Website: fintechnews.my

Update Frequency: 4 posts per day

Year Established: 2017

Headquarters: Malaysia

News Last Updated: 22 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #74

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