Malaysia's Ekuinas invests $16.9m in domestic sports retailer
Ekuinas, a private equity firm backed by the Malaysian government, has acquired a 35% interest in Al-Ikhsan Sports, the country’s leading sportswear retailer, for MYR68.6 million ($16.9 million).
As part of the deal, Ekuinas will also purchase a 100% stake in the company's homegrown sportswear brand, AL Sports. The brand will receive additional capital in order to capitalize on growing local interest...
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