..
..
— simonthong aka kitty poo (@KittyPo80176717) April 16, 2023
..
A wrap-up of Malaysian investment-related headlines the past week. Let’s go.
— emmanuelsamarathisa (@esshimself) April 9, 2023
1. We’ll begin with Khazanah Nasional’s fire sale of Iskandar Malaysia Studios. Variety reported IMS had a net asset value of RM32m from RM528m in 2014, representing a 90% devaluation in eight years. pic.twitter.com/xgVSIljKSu
..
1. Iskandar Malaysia Studios received RM250 million in government grants, before being sold to Singaporean company G.H.Y. Culture & Media, reports The Vibes.
— BFM News (@NewsBFM) April 9, 2023
It cited a 2019 EY report, which also stated that IMS saw a net loss of RM23.33 million. https://t.co/nYhGX6Lxes
3. Previously, IMS was called Pinewood Iskandar Malaysia Studios after the Pinewood Group entered into a partnership with the studio complex.
— BFM News (@NewsBFM) April 9, 2023
According to Variety, PIMS’ construction cost was RM528 million, while investment injected was RM748 million.https://t.co/iDsYY70obH
5. Meanwhile, Khazanah Nasional Bhd’s SPV Granatum Ventures, has entered into a definitive share sale agreement to divest its 100% stake in IMS.
— BFM News (@NewsBFM) April 9, 2023
It says it sold the stake to Studio Management Services Sdn Bhd to attract foreign investment and for economic and social benefits.
..
..
..
weehingthong 