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SE Asia Digest: Kenanga unit buys ValueCap biz; Goldbell in deal talks with BlueSG
The KL Tower is seen, with a background of the cityscape in Kuala Lumpur, Malaysia.
February 2, 2021
Malaysia’s Kenanga Investment Bank has acquired i-VCAP Management while Singapore’s transport and engineering group Goldbell is reportedly in talks to acquire an electric car-sharing outfit BlueSG.
Kenanga Investment Bank acquires ValueCap’s ETF business
Malaysia’s Kenanga Investment Bank on Tuesday announced its acquisition of i-VCAP Management following approval by the Securities Commission of Malaysia.
The deal was conducted via its fully-owned subsidiary Kenanga Investors.
i-VCAP is a Shariah-compliant investment management services provider focused on Islamic exchange-traded funds (ETFs). It is a wholly-owned subsidiary of ValueCap, which in turn is equally-owned by sovereign fund Khazanah Nasional Bhd, state-linked investment fund Permodalan Nasional Bhd (P ....

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