PETALING JAYA: Touch ‘n Go Digital Sdn Bhd (TNG Digital) has qualified as Malaysia’s next unicorn, with CIMB Group
confirming the homegrown eWallet operator has crossed the US$1bil valuation mark and turned profitable – but says there is “no rush” to go public.
CIMB Group, via 100%-owned Touch ‘n Go Sdn Bhd, holds a 45.01% stake in TNG Digital, followed by Antfin Singapore Holding Pte Ltd at 23%, Alipay Singapore Holdings Pte Ltd at 11.62%, Lazadapay Holdings Pte Ltd at 11.38%, ASP Malaysia LP at 5.99%, and AIA Bhd at 3%.
