BFM 89.9
The Business Station
Carsome Responds to MoF Letter Backlash, IPO Concerns and Profitability Criticisms
26 mins·12:00, 26 Jun 2023
Carsome Responds to MoF Letter Backlash, IPO Concerns and Profitability Criticisms
26 mins
·
12:00, 26 Jun 2023
·
Recommended
Guest: Eric Cheng, Co-founder & Group CEO, Carsome
Last week, Carsome announced that following its new financing round, its liquidity position rose to US$200 million (around RM922 million). This announcement comes after the Malaysian Unicorn received backlash and criticism for apparently petitioning the Ministry of Finance to recommend Malaysia's sovereign wealth funds, government-linked investment companies (GLICs) and GLCs to invest in Carsome.
The company issued a statement to clarify that it wasn’t soliciting or petitioning the Ministry of Finance for funding, but that it instead was encouraging Malaysian institutional participation.
Carsome’s CEO and Co-Founder Eric Cheng joins us to get into concerns and criticisms around their latest funding round, the makeup of their $200 million liquidity position, IPO plans, and the reported request of the Ministry of Finance to encourage investment from Malaysian GLCs and GLICs.
Presenter: Roshan Kanesan
Producer: Roshan Kanesan
Share:
Recommended
May 9
·
45 minsHow Obesity Makes Pregnancy Dangerous
May 9
·
23 minsSymphonic Image
May 9
·
20 minsThe Nutcracker
Recent episodes
0
Latest stories
Podcasts · May 9 · 8:00AM
How Obesity Makes Pregnancy Dangerous
45 mins
Podcasts · May 9 · 45 mins
How Obesity Makes Pregnancy Dangerous
Podcasts · May 9 · 7:30AM
Symphonic Image
23 mins
Podcasts · May 9 · 23 mins
Symphonic Image
Podcasts · May 9 · 7:00AM
The Nutcracker
20 mins
Podcasts · May 9 · 20 mins
The Nutcracker