2 state-linked firms must explain US$10.1 million loss investing in fashion e-commerce platform: Malaysia minister
Government-linked firms Khazanah Nasional and Permodalan Nasional Berhad sold their minority investments in FashionValet at the end of 2023 for only RM3.1 million, marking a significant loss from initial RM47 million investments in 2018.
1 Nov 06:58 · CNA