PETALING JAYA: Permodalan Nasional Berhad (PNB) has clarified details surrounding its investment in FashionValet (FV).
In a statement issued on Friday night (Nov 1), PNB said: “In 2018, the PNB Proprietary Fund participated in FV’s Series C fundraising through a Redeemable Convertible Preference Shares (RCPS) investment of US$5mil (RM20mil) for a small minority stake.
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