Malaysian securities regulator reviews SPAC framework, citing demand

Reuters, 21 September 2021

KUALA LUMPUR, Sept 21 (Reuters) - Malaysia's Securities Commission will review its framework for special purpose acquisition companies (SPACs) amid growing demand for the vehicles as a cheaper and faster route to the market compared to initial public offerings, it said on Tuesday.

Malaysia to Review SPACs Rules to Profit From Blockbuster Deals

Bloomberg, 21 September 2021

Malaysia is reviewing its framework for special purpose acquisition companies, or SPACs, amid a surge in demand for such fundraising vehicles globally, according to the nation’s markets regulator.

Carsome Berhasil Capai Valuasi US$1,3 Miliar Dalam Putaran Yang Dipimpin Oleh MediaTek, 6 September 2021 — Carsome Grup yang merupakan platform jual-beli mobil bekas, pada Rabu (1/9) lalu mengumumkan berhasil menjadi unicorn teknologi terbesar di Malaysia setelah melalui putaran pendanaannya sebesar US$170 juta dan berhasil meningkatkan nilai valuasinya menjadi US$1,3 miliar.

Editor’s take: The week that was — Aug 30-Sept 4

Deal Street Asia, 5 September 2021

Data gleaned from DealStreetAsia’s DATA VANTAGE platform is helping us bring fundraising news to our readers early and accurately.

This week, our proprietary platform helped us uncover several deals in the private equity and venture capital space.

Carsome raises RM830m in Series D2 financing round

The Malaysian Reserve, 2 September 2021


CARSOME Group, an integrated car e-commerce platform, has announced the completion of its US$170 million (RM705.5 million) Series D2 round of funding, bringing the company’s valuation to US$1.3 billion, thus cementing its position as Malaysia’s largest tech unicorn.

Malaysia’s Carsome Reaches $1.3 Billion Valuation In Funding Round From MediaTek And Others

Forbes, 1 September 2021

Carsome Group, an online platform for buying and selling used cars, said on Wednesday that it had become Malaysia’s largest tech unicorn after a $170 million funding round boosted its valuation to $1.3 billion.