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MIDA Kick-Starts Series of Business Financing Opportunities Forum

MIDA Kick-Starts Series of Business Financing Opportunities Forum

8 August 2019, Kuala Lumpur – The Malaysian Investment
Development Authority (MIDA) kick-started its series of Business Financing
Opportunities Forum at MIDA headquarters, today. Aptly themed ‘Equity Investment
for Business Growth’, the Forum provides an accessible avenue for businesses to
obtain information to enhance their competitiveness and capacity through equity
participation.

Mr. Zabidi Mahbar, Deputy Chief Executive Officer (DCEO)
of MIDA in his keynote address, said that “Today’s forum is to bring forward
equity investment as one of the viable funding options for companies with the
expansion plan. The Forum aims to provide a strategic platform for financial
houses to share with participants on their investment strategies, sectors and
industries that they are focusing on”.

The event is a continuous engagement of MIDA through the
Investment Coordination Platform (ICP), a dedicated team that facilitates
companies with the expansion plan and
business growth. This unit works closely with equity and corporate advisory
firms, as well as local regulators and technology providers in assisting
companies in conducting business-to-business matching, capital raising through
debt & equity, M&A, divestments and IPO.

Mr. Zabidi also highlighted that as to date, the team has engaged with over 200
manufacturing, services, plantation companies and 50 strategic technologies and
funding partners. The team has chaired more than 60 business-to-business
meeting sessions between anchor companies and their respective local
counterparts to discuss strategic collaborations. Notably, the team’s IPO
services have enabled a local steel company to meet the requirements for
listing on the ACE Market of Bursa Malaysia.

The forum was moderated by Dr. Norida Abd Rahman,
Managing Director of Venture Tech Sdn. Bhd. and panellists by Mr. Badrul Hisham
Jaafar, Senior Vice President COPE Private Equity, Mr. Nik Ibrahim Nik Mohamed
Din, Director Investment, EKUINAS and Mr. Herman Syah Abdul Rahim, Principal
Kumpulan Modal Perdana. The event, which was well attended by 150 participants
from various fields, including manufacturers and service providers is a bridging
platform in enlightening the industry players on equity participation as one of
the means to raise capital towards taking their businesses to the next level.

.******

About
MIDA

MIDA is the government’s
principal promotion agency under the Ministry of International Trade and
Industry (MITI) to oversee and drive investments into the manufacturing and
services sectors in Malaysia. Starting operations in 1967 with a relatively
small set up of 37 staff, MIDA has grown to become a strong and dynamic organisation
of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today has 12
regional and 20 overseas offices. MIDA continues to be the strategic partner to
businesses in seizing the opportunities arising from the technology revolution
of this era. For more information, please visit www.mida.gov.my and follow us
on Twitter, Instagram and Facebook, @OfficialMIDA.

For
more information, please contact:

Mr. Sikh Shamsul Sikh Abdul Majid

Director,
Domestic Investment & Supply Chain Division, MIDA

Tel.:
03 2267 3766

Email:
[email protected]

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