Farhash, a never-ending mystery
And tracking Gobi’s money in Penang-based Skyechip.
Shipping this out on a Sunday as I happened to have two stories in the drafts.
The first is on Farhash Wafa Salvador. The former aide of Prime Minister Anwar Ibrahim is making corporate moves again — moving millions.
The second is mapping a money trail: Gobi’s investment in Penang-based chip designer Skyechip, and a tiny section on the talent crunch affecting our local semiconductor industry.
In case you missed yesterday’s random bag of goodies, from pressing matters to antsy tech players, I’ve got you covered 👇
You’re reading a paid version of The Malaysianist, a newsletter on money and power by writer and journalist Emmanuel Samarathisa.
I run monthly and annual subscriptions. There’s also the atas or founding member tier where you get all the perks of an annual subscription and more, such as an annual or founder’s report and insight into how this little corner of the internet fared throughout the year.
Group subscriptions are on the table, if you’re mulling over purchases for your organisation or for family members.
Farhash Wafa Salvador — who began his political career as an aide to Anwar Ibrahim before the latter became prime minister — continues to draw intrigue.
The self-styled corporate player has again moved a large sum of money into a publicly listed firm, emerging as a major shareholder in MMAG Holdings on Friday.
Farhash mopped up 462 million shares in the Bursa-listed logistics firm that day, giving the businessman not only a 20% stake, but a chairman’s seat.
He purchased the shares through a direct business transaction on March 26, according to MMAG’s filing with Bursa Malaysia.