Investors of Ikhlas Capital include over 50 ASEAN institutions and family offices.
A group of investors including former CIMB chairman Nazir Razak is investing up to US$40 million in Food Empire Holdings (SGX:F03
) via a reedeemable exchangeable note issue.
The investment is made via a special purpose vehicle under the investment firm Ikhlas Capital Singapore, whose founding partners, besides Nazir as founding partner and chairman, include Kenny Kim who was a CIMB group CFO, Gita Wirjawan, Indonesia's former minister of trade and Cesar Purisima, a former Philippines' secretary of finance.
