News & Reviews:   Fashion Valet

According to The Edge Malaysia, the Ministry of Finance has confirmed several previous reports, stating that Khazanah and PNB's stake in the e-commerce site Fashion Valet was sold for only RM3.1 million. Both parties' initial investment amounted to RM47 million, namely RM27 million by PNB and RM20 million by Khazanah. So, what should you know about it?