KMK, a subsidiary of media group Emtek, owns stakes in Singapore-based ride hailing service Grab and Indonesia-based mobile game developer Ice House Holdings, E27 has reported, citing Emtek’s Q2 2017 financial report.
Emtek owns a tiny stake in Grab, which likely came about following the latter’s acquisition of digital payment platform Kudo, in which Emtek reportedly held a 25% stake, in February this year for between $70m and $100m.
The company also holds an 18.5% share of Ice House, according to the report, but has not disclosed details regarding the size of its investment.