Sunday 06 Oct 2024
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SINGAPORE (June 24): A group of investors including former CIMB Group Holdings Bhd chairman Tan Sri Nazir Razak is investing up to US$40 million (RM188.41 million) in Food Empire Holdings via a reedeemable exchangeable note issue.

The investment is made via a special purpose vehicle under investment firm Ikhlas Capital Singapore, whose founding partners, besides Nazir as a founding partner and the chairman, include Kenny Kim, who was a CIMB group chief financial officer, Gita Wirjawan, Indonesia's former minister of trade, and Cesar Purisima, a former Philippine secretary of finance...(click here for the full story on theedgesingapore.com).

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