Some of Southeast Asia’s old-money tycoons are boosting investment in technology startups, looking to ride a wave of surging valuations as they seek to counter the fallout of the pandemic on businesses ranging from retail to hospitality and manufacturing. Holding companies, family investing arms and other vehicles of moguls from Thailand’s Dhanin Chearavanont to the…
It has been a long time since the asset-rich but cash-flow-light MUI group of companies undertook a corporate transaction in the country. When it finally took to putting money in the local scene again, it went into one of the most competitive industries. Earlier last week, Pan Malaysia Corp Bhd (PMC), a member of the…
PETALING JAYA: With the Covid-19 pandemic ruining most companies’ growth plans, some have scrambled to find other businesses to ensure their survival. In the case of Malayan United Industries Bhd (MUI), the pandemic has cut deep because the group is involved in sectors that are deemed most vulnerable to Covid-19 such as hotels and retail and to…
Malaysia’s listed diversified conglomerate Malayan United Industries Berhad (MUI) – whose business interests spanfrom confectionery to property – is betting big on startup investments to capitalise on the digitalisation boom.MUI created an early-stage venture capital vehicle Pan Malaysia Ventures Sdn Bhd (PMV) in August last year to invest in tech or tech-enabled businesses at the…