What are the taxes implications of investing in Fusang shares and investing in equity tokens traded on Fusang Exchange? Do I need to pay taxes to Malaysian government? 

Depending on where you currently reside, you will have to comply with tax laws of the country. Fusang is set up in Labuan, a business-friendly and tax-neutral jurisdiction. There's no Labuan taxes for investing in Fusang shares and in equity tokens traded on Fusang Exchange, and you won't need to pay taxes to Malaysian government.