PETALING JAYA: Ekuiti Nasional Bhd (Ekuinas) has bought a 40% stake in web hosting and cloud service provider, Exabytes Capital Group for RM44mil as it seeks a slice of the US$3.5 trillion global Internet economy.
Ekuinas, a government-linked private equity fund management company, said it has an an option to increase the stake in Exabytes up to 54%. This is Ekuinas’ second investment in technology services company.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
