MSWG Weekly Newsletter 1 November 2024 (English)

Friday, 1 November, 2024

PULLED THE PLUG: HEITECH’S SURPRISE REVERSAL ON SOUQA FINTECH

HeiTech Padu’s abrupt withdrawal from an RM16.17 million investment in Souqa Fintech, just days after announcing the deal, has raised questions about its governance and decision-making. This unexpected reversal spotlights the importance of board oversight and strategic alignment in fast-moving corporate environments.

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