EVENING 5: KWAP’s fund size to hit US$500b in 2050

PM Najib says KWAP’s fund size is expected to grow 8-10% a year, and hit US$500 bil 2050; KUB Malaysia gets a unconditional mandatory take-over offer from Umno vehicle Temasek Padu at 35 sen per share, a 38.6% discount to its last closing price; and Carsome raises US$6 mil to expand its operations in Southeast Asia.