ValueCap exits, closure to be done in phases

group CEO Roslina Abdul Rahman said the decision to shutter the company was made following a meeting of ValueCap’s board of directors on Monday. “The closure process will be done in phases to facilitate smooth transition for all affected parties, including the employees. ”

PETALING JAYA: State-owned investment firm ValueCap Sdn Bhd and its subsidiaries will cease operations.

The company said in a statement that it would exit the third-party asset management business.