Tycoon moves, frothy brews and royal cues
Sunday stuff on power, profits, and pedigree.
Update: In the earlier version, I wrote that Loob made a related-party transaction to trading platform Collektr. That is incorrect. Bryan Loo is an investor in Collektr in his personal capacity.
There were also additional updates to some of the figures mentioned in the article. The errors are mine.
I was meant to send this yesterday but got knocked out by the flu, so it’s a Sunday evening edition.
Today’s NIE covers two IPOs benefitting insiders — MMC Ports and Loob Holdings (including a graph on Bryan Loo’s foodie empire) — and a power network mapping royals, a VC firm and two startups.
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Syed Mokhtar Albukhary wants to cash out. He is listing MMC Port Holdings, where the entire exercise will see him reap substantial financial gains.