Gobi reaps 60% IRR on CIB trade sale
Venture firm Gobi Partners has reaped an IRR of 60% on the sale of its minority stake in Malaysian online games operator CIB Development to listed gaming company Asiasoft.
China and Singapore-based Gobi held a 61.7% stake in CIB in conjunction with a consortium of angel investors. This was sold to Asiasoft for SGD11 million ($8.7 million). Gobi invested into CIB via its...
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