Trending News: Ramanan Urges Indian Community To Unite And Benefit Fully From Gov’t InitiativesGISBH: 424 Children In Rehab Programme To Be Assessed PeriodicallyBursa Malaysia Ends Morning Session In Positive TerritoryWaving Foreign Flags: Perak Police Refer To D5 Bukit AmanKunafa Brings A Unique Twist To Deepavali DessertsPAS Leaders Summoned Over Teluk Intan RallyMohd Yusoff Appointed Kelantan Police ChiefStable Prices Expected Following September PPI Decline – MIDFMechanism For Targeted RON95 Subsidy Still Being Refined By MOFVeea Teams Up With O.N.E Amazon, AECOM To Deploy The Internet Of Forests In ColombiaMITI To Continue Engaging With US Authorities On Solar Export Tariff HikeseXp Realty Expands Into Three Markets Next Year To Solidify Global PresenceSME Bank Unveils Sustainability Roadmap 2.0, Targets RM10 Bln In Sustainable Financing By 2030Govt Channels RM6.35 Bln Financing To Over 260,000 Entrepreneurs Until sept 2024 – KUSKOPBlack and Veatch Touts Sustainable Water Management Practices At IMARC 2024Juwai IQI: Chinese Capital Moving Away From G7 Economies, Coming Back To AsiaKorean Eggdrop Gains Notoriety For Production Support Of Two Chart-topping K-dramasKhazanah, PNB Secure RM3.1 Mln From Fashionvalet Share Sale – MoFTargeted Subsidies: Govt To Continue Protecting Interests Of 85 Pct Population – PMMOSTI To Continue Empowering Malaysia Techlympics, STEM ProgrammesEV Charging Stations To Double To 4,000 Next Year – FadillahMelaka KPDN Nab Trader Selling Subsidised Cooking Oil To RestaurantsBlack and Veatch Promotes Sustainable Water Management Practices at the International Mining and Resources Conference (IMARC) 2024TNB First GLC To Raise Minimum Wage To RM1,700 – PM AnwarEGGDROP Gains Attention for Production Support of Global Hit Dramas ‘Love Next Door’ and ‘Romance in the House’Tengku Hassanal Wants Aspiring Teachers To Show Total Commitment, DedicationKing Confers ATM Gallantry Awards On 100 Recipients TodayCall For Express Bus Operators To Apply For Increase In Monthly Diesel Subsidy QuotaVeea, O.N.E. Amazon, and AECOM Collaborate to Create the Internet of Forests (IoF), a Hybrid Edge-Cloud Computing Solution to Protect the Rainforest Biome and Empower Local CommunitiesResearch Houses Reiterate ‘Buy’ Call On Mah Sing On Data Centre Joint DevelopmentJumio’s Cutting-edge Liveness Detection Guarantees Users Are Real, Not A SpoofPenang Welcomes New Direct AirAsia Route From ShenzhenUnipart Secures Contract With Vanchanggo To Provide E-commerce ServicesIATA To Offer Digital Currencies In Financial Settlement SystemsMore To Come For Johor’s Data Centre Industry – GobindMalaysia-EU Looking Into Steps To Resume Official FTA Negotiations – Tengku ZafrulForeigner Nabbed For Insulting Police On TikTokForeigner Nabbed For Insulting Police On TikTokGovt Plans To Amend Land Acquisition Act To Protect National Assets, Public Interests – PMGovt Plans To Amend Land Acquisition Act To Protect National Assets, Public Interests – PMRubber Market Declines, Tracking Regional Cues And Global Cautious SentimentHousewife Loses RM82,175 To Non-existent Investment SchemeMCMC Records Statement From Gunung Semanggol Assemblyman Razman Over Posting In FBeXp Realty Ignites Global Expansion: Trkiye, Peru, And Egypt Set To Join In 2025Seven Wooden Bridges In Pos Gob Replaced With Steel Bridges Worth RM1.7 MlnNajib To Know Fate Tomorrow Over 1MDB’s RM2.3 Billion CaseForeign Ministry Acknowledges Report Of MyKad, Driver’s Licence Found In UkraineDubai Philanthropist Anosh Ahmed Provides £10 Million of Essential Food Aid to Support Lebanon’s Vulnerable CommunitiesM’sia To Highlight Impact Of AI, Green Economy At 28th ALMM In S’pore – KesumaAM Best To Host Market Briefing at 2024 Singapore International Reinsurance ConferenceWorkers Paving Jalan Gua Musang-Kenyor Road Shocked To See Tigers Crossing AheadUnipart wins e-commerce contract with South Korean pet supplies retailer VanchanggoAPM’s Op Ramah Teams To Focus On Over 5,000 Flood-prone AreasMalaysia To Drive ASEAN FTA Upgrades To Further Enhance Region’s Economic GrowthAM Best To Present APAC Benchmarking Study, Mock Rating Committee At Singapore ConferenceDividend Tax Reduced To 2 Pct In Response To MSME Appeals – PM AnwarGovt To Look At How TNB Can Play Role In Realising ASEAN Power Grid InitiativeLPI Capital Net Profit Rises To RM123.94 Mln In Third QuarterThinaah To Celebrate Deepavali With Family This YearSabah Athletes, Coaches And Managers Receive RM2.19 Mln As Incentives For Success In SUKMA, Para SUKMAHuge Gap But All Is Not Lost For Selangor FCSabah Score Third Consecutive Super League Win With 5-2 Victory Over KedahJumio Pushes Boundaries of Online Security With Next-Generation Liveness Detection TechnologyBursa Malaysia Snaps 6-day Losing Streak On Bargain Hunting, CI Up 0.29 PctMetMalaysia Issues Thunderstorm Warning For Eight StatesNational Scam Response Centre Logs Over 122,000 Fraud Calls Since 2022 – MoFRinggit Rebounds, Opens Slightly Higher Against US DollarBursa Malaysia Opens Lower Amid Passive Foreign BuyingElevating Islamic Calligraphy: Celebrating A Unique Art FormMetMalaysia Issues Advisory On Typhoon Kong-reyState Govt’s Priority Is To Take Care Of Its People – Sarawak PremierCavli Wireless Recognised For Bringing ‘Made In India’ IoT Solutions To Global StageModular Nuclear Energy Use In Data Centres Can Attract More InvestmentsNRES Has No Intention To Develop Specific SOP Relating To REE ExportsKUSKOP To Increase Initiatives To Empower Indian Community – RamananPM Anwar Wants KUSKOP To Increase Programmes Related To Indian CommunityMITRA Channels Over RM9 Million In Subsidy For Private Kindergartens – RamananFBM KLCI Futures Open FirmerM’sia To Maintain Strong International Ties While Standing With Palestine – PM AnwarJohor KPDN Records 956 Offences, RM29.2 Mln Worth Of Seizures Since JanuaryMalaysian HADR Team Delivers Aid For Trami Relief Efforts In PhilippinesCSA Licence Holders In Tawau Commit To ‘Kita Gempur’ MovementMembers Of Parliament Raise Food Security Issues During DebateAgenda Suria Deepavali Carnival Eyes 400,000 Visitors, Draws 150,000 In First 5 DaysKedah Cops Bust ‘Geng Pak Lon’ After Three-month Extortion SpreeBudget 2025: Higher Allocation To Spur National Energy Transition InitiativesAaron Chia Receives RM50k From Melaka For Olympic BronzeTawau Fire: Herriz Was Sound Asleep – AuntSelangor KPDN, State Gov’t To Introduce Discount Card For Menu Rahmah TradersPoor Turnout At Rally Demanding Accountability For Kopi’s ShootingPENN Fund On Track For Disbursement – RamananDeepavali: Two Media Veterans Receive Contributions From Tabung Kasih@HAWANAChef Wan Withdraws Leave Application In Defamation Lawsuit Against Ex-Son-In-LawMOE Implements Intervention Measures To Boost Student Participation In STEMKKDW Taps 26 Strategic Partners To Assist Digital Adapatation Among Rural EntrepreneursEncouraging Response For PSN’s 2024 Science Excursion ProgrammeASTAF Moots Introducing Asian Sepaktakraw LeagueUmrah, Hajj Package-related Claims Top The List At Terengganu TTPMMelaka Kopitam Faces Legal Action For Repeated Price HikesMetMalaysia: Thunderstorm Warning For Seven States
Wed. Oct 30th, 2024
Trending News: Ramanan Urges Indian Community To Unite And Benefit Fully From Gov’t InitiativesGISBH: 424 Children In Rehab Programme To Be Assessed PeriodicallyBursa Malaysia Ends Morning Session In Positive TerritoryWaving Foreign Flags: Perak Police Refer To D5 Bukit AmanKunafa Brings A Unique Twist To Deepavali DessertsPAS Leaders Summoned Over Teluk Intan RallyMohd Yusoff Appointed Kelantan Police ChiefStable Prices Expected Following September PPI Decline – MIDFMechanism For Targeted RON95 Subsidy Still Being Refined By MOFVeea Teams Up With O.N.E Amazon, AECOM To Deploy The Internet Of Forests In ColombiaMITI To Continue Engaging With US Authorities On Solar Export Tariff HikeseXp Realty Expands Into Three Markets Next Year To Solidify Global PresenceSME Bank Unveils Sustainability Roadmap 2.0, Targets RM10 Bln In Sustainable Financing By 2030Govt Channels RM6.35 Bln Financing To Over 260,000 Entrepreneurs Until sept 2024 – KUSKOPBlack and Veatch Touts Sustainable Water Management Practices At IMARC 2024Juwai IQI: Chinese Capital Moving Away From G7 Economies, Coming Back To AsiaKorean Eggdrop Gains Notoriety For Production Support Of Two Chart-topping K-dramasKhazanah, PNB Secure RM3.1 Mln From Fashionvalet Share Sale – MoFTargeted Subsidies: Govt To Continue Protecting Interests Of 85 Pct Population – PMMOSTI To Continue Empowering Malaysia Techlympics, STEM ProgrammesEV Charging Stations To Double To 4,000 Next Year – FadillahMelaka KPDN Nab Trader Selling Subsidised Cooking Oil To RestaurantsBlack and Veatch Promotes Sustainable Water Management Practices at the International Mining and Resources Conference (IMARC) 2024TNB First GLC To Raise Minimum Wage To RM1,700 – PM AnwarEGGDROP Gains Attention for Production Support of Global Hit Dramas ‘Love Next Door’ and ‘Romance in the House’Tengku Hassanal Wants Aspiring Teachers To Show Total Commitment, DedicationKing Confers ATM Gallantry Awards On 100 Recipients TodayCall For Express Bus Operators To Apply For Increase In Monthly Diesel Subsidy QuotaVeea, O.N.E. Amazon, and AECOM Collaborate to Create the Internet of Forests (IoF), a Hybrid Edge-Cloud Computing Solution to Protect the Rainforest Biome and Empower Local CommunitiesResearch Houses Reiterate ‘Buy’ Call On Mah Sing On Data Centre Joint DevelopmentJumio’s Cutting-edge Liveness Detection Guarantees Users Are Real, Not A SpoofPenang Welcomes New Direct AirAsia Route From ShenzhenUnipart Secures Contract With Vanchanggo To Provide E-commerce ServicesIATA To Offer Digital Currencies In Financial Settlement SystemsMore To Come For Johor’s Data Centre Industry – GobindMalaysia-EU Looking Into Steps To Resume Official FTA Negotiations – Tengku ZafrulForeigner Nabbed For Insulting Police On TikTokForeigner Nabbed For Insulting Police On TikTokGovt Plans To Amend Land Acquisition Act To Protect National Assets, Public Interests – PMGovt Plans To Amend Land Acquisition Act To Protect National Assets, Public Interests – PMRubber Market Declines, Tracking Regional Cues And Global Cautious SentimentHousewife Loses RM82,175 To Non-existent Investment SchemeMCMC Records Statement From Gunung Semanggol Assemblyman Razman Over Posting In FBeXp Realty Ignites Global Expansion: Trkiye, Peru, And Egypt Set To Join In 2025Seven Wooden Bridges In Pos Gob Replaced With Steel Bridges Worth RM1.7 MlnNajib To Know Fate Tomorrow Over 1MDB’s RM2.3 Billion CaseForeign Ministry Acknowledges Report Of MyKad, Driver’s Licence Found In UkraineDubai Philanthropist Anosh Ahmed Provides £10 Million of Essential Food Aid to Support Lebanon’s Vulnerable CommunitiesM’sia To Highlight Impact Of AI, Green Economy At 28th ALMM In S’pore – KesumaAM Best To Host Market Briefing at 2024 Singapore International Reinsurance ConferenceWorkers Paving Jalan Gua Musang-Kenyor Road Shocked To See Tigers Crossing AheadUnipart wins e-commerce contract with South Korean pet supplies retailer VanchanggoAPM’s Op Ramah Teams To Focus On Over 5,000 Flood-prone AreasMalaysia To Drive ASEAN FTA Upgrades To Further Enhance Region’s Economic GrowthAM Best To Present APAC Benchmarking Study, Mock Rating Committee At Singapore ConferenceDividend Tax Reduced To 2 Pct In Response To MSME Appeals – PM AnwarGovt To Look At How TNB Can Play Role In Realising ASEAN Power Grid InitiativeLPI Capital Net Profit Rises To RM123.94 Mln In Third QuarterThinaah To Celebrate Deepavali With Family This YearSabah Athletes, Coaches And Managers Receive RM2.19 Mln As Incentives For Success In SUKMA, Para SUKMAHuge Gap But All Is Not Lost For Selangor FCSabah Score Third Consecutive Super League Win With 5-2 Victory Over KedahJumio Pushes Boundaries of Online Security With Next-Generation Liveness Detection TechnologyBursa Malaysia Snaps 6-day Losing Streak On Bargain Hunting, CI Up 0.29 PctMetMalaysia Issues Thunderstorm Warning For Eight StatesNational Scam Response Centre Logs Over 122,000 Fraud Calls Since 2022 – MoFRinggit Rebounds, Opens Slightly Higher Against US DollarBursa Malaysia Opens Lower Amid Passive Foreign BuyingElevating Islamic Calligraphy: Celebrating A Unique Art FormMetMalaysia Issues Advisory On Typhoon Kong-reyState Govt’s Priority Is To Take Care Of Its People – Sarawak PremierCavli Wireless Recognised For Bringing ‘Made In India’ IoT Solutions To Global StageModular Nuclear Energy Use In Data Centres Can Attract More InvestmentsNRES Has No Intention To Develop Specific SOP Relating To REE ExportsKUSKOP To Increase Initiatives To Empower Indian Community – RamananPM Anwar Wants KUSKOP To Increase Programmes Related To Indian CommunityMITRA Channels Over RM9 Million In Subsidy For Private Kindergartens – RamananFBM KLCI Futures Open FirmerM’sia To Maintain Strong International Ties While Standing With Palestine – PM AnwarJohor KPDN Records 956 Offences, RM29.2 Mln Worth Of Seizures Since JanuaryMalaysian HADR Team Delivers Aid For Trami Relief Efforts In PhilippinesCSA Licence Holders In Tawau Commit To ‘Kita Gempur’ MovementMembers Of Parliament Raise Food Security Issues During DebateAgenda Suria Deepavali Carnival Eyes 400,000 Visitors, Draws 150,000 In First 5 DaysKedah Cops Bust ‘Geng Pak Lon’ After Three-month Extortion SpreeBudget 2025: Higher Allocation To Spur National Energy Transition InitiativesAaron Chia Receives RM50k From Melaka For Olympic BronzeTawau Fire: Herriz Was Sound Asleep – AuntSelangor KPDN, State Gov’t To Introduce Discount Card For Menu Rahmah TradersPoor Turnout At Rally Demanding Accountability For Kopi’s ShootingPENN Fund On Track For Disbursement – RamananDeepavali: Two Media Veterans Receive Contributions From Tabung Kasih@HAWANAChef Wan Withdraws Leave Application In Defamation Lawsuit Against Ex-Son-In-LawMOE Implements Intervention Measures To Boost Student Participation In STEMKKDW Taps 26 Strategic Partners To Assist Digital Adapatation Among Rural EntrepreneursEncouraging Response For PSN’s 2024 Science Excursion ProgrammeASTAF Moots Introducing Asian Sepaktakraw LeagueUmrah, Hajj Package-related Claims Top The List At Terengganu TTPMMelaka Kopitam Faces Legal Action For Repeated Price HikesMetMalaysia: Thunderstorm Warning For Seven States
Wed. Oct 30th, 2024

Khazanah, PNB Secure RM3.1 Mln From Fashionvalet Share Sale – MoF


KUALA LUMPUR, Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB) received RM3.1 million from the sale of their shares in Fashion Valet Sdn Bhd (FashionValet), the Ministry of Finance (MoF) said on Monday.

In a written response to the Dewan Rakyat, the MoF described the sale as a responsible exit for Khazanah and PNB, transferring their stakes to strategic investors.

In 2018, Khazanah and PNB invested a combined RM47 million in FashionValet, with Khazanah contributing RM27 million and PNB RM20 million, to acquire minority stakes.

‘The total loss from the sale of FashionValet shares is negligible compared to Khazanah’s and PNB’s overall income for the relevant year,’ the ministry stated.

The statement came in response to Yeo Bee Yin (PH-Puchong), who questioned the total investments by Khazanah and PNB in FashionValet, including losses from devaluation and the sale of shares.

The ministry noted that FashionValet’s business was severely impacted by the COVID-19 pandemic and a difficult fundr
aising environment, necessitating significant new capital for continued operations.

“In late 2023, Bumiputera firm NXBT Partners offered to acquire Khazanah’s and PNB’s shares in FashionValet and inject the required capital to sustain the business.

‘All shareholders have agreed to accept the offer,’ the MoF added.

Source: BERNAMA News Agency

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