NEW DELHI, Jan 16 — India-based fast food chain Wow! Momo has sold a 15 per cent stake to Malaysia’s sovereign wealth fund Khazanah Nasional Bhd for 3.5 billion rupees (US$42 million), Indian media reported on Tuesday.
Media Selangor Sdn Bhd, a subsidiary of the Selangor State Government (MBI), is a government media agency. In addition to Selangorkini and SelangorTV, the company also publishes portals and newspapers in Mandarin, Tamil and English.