Malaysia's Ekuinas buys 40% stake in local cloud player
Malaysian government-backed private equity firm Ekuinas has acquired a 40% stake in domestic cloud services provider Exabytes Capital Group for MYR44 million ($10.8 million).
Ekuinas has an option to increase its position to 54%. The firm set up its fourth fund earlier this year with MYR1 billion mandated for next-generation companies that can contribute to Malaysia’s wider...
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