Ikhlas Capital invests US$18mil in cold chain logistics firm in the Philippines

KUALA LUMPUR: Ikhlas Capital Singapore Pte Ltd, the private equity firm co-founded by Datuk Seri Nazir Razak, is investing US$18mil in a integrated cold chain logistics services company in Philippines.

Glacier Megafridge Inc (GMI), founded in 2005, operates eight facilities in Metro Manila and key provinces.

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Monthly Plan

RM 13.90/month

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Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

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Ikhals Capital , Datuk Seri Nazir Razak

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