PETALING JAYA: Sovereign wealth fund Khazanah Nasional Bhd has bought into China’s WeLab, a mobile lending and credit analytics platform player, with an investment of US$160mil (RM701mil) in a fundraising exercise.
The deal was done via a special purpose vehicle, Bukit Galla Investments Ltd, through which Khazanah led a consortium of investors including ING Bank and Guangdong Financial Technology Group in the fundraising exercise.
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