Khazanah clarifies divestment from FashionValet

Khazanah Nasional News

Khazanah clarifies divestment from FashionValet
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LONDON (Reuters) - An Australian computer scientist who claimed he invented bitcoin was on Friday accused of contempt of court after he filed a 911 million-pound ($1.18 billion) lawsuit against Twitter founder Jack Dorsey's payments firm Block in Britain.

PETALING JAYA: Khazanah Nasional has stepped forward to clarify its recent divestment from Fashion Valet Sdn Bhd.

However, the company faced numerous challenges over the years, exacerbated by the Covid-19 pandemic, which hindered its platform expansion. In late 2023, NXBT Partners, led by an experienced Malaysian entrepreneur, offered to acquire existing shareholders' stakes and infuse capital into FashionValet.

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