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CO-INVESTMENT MOU WITH SBI VENTURES MALAYSIA 14 September 2020, VentureTECH, Cyberjaya
VentureTECH inked a Memorandum of Understanding (MoU) with SBI Ventures Malaysia Sdn Bhd (SBI Ventures Malaysia), a subsidiary of one of the largest private equity groups in Japan, SBI Holdings Inc. Japan, through the establishment of a joint-venture investment company, targeting at least RM100 million of investments. This strategic partnership with a reputable global private equity player supports the call by YB Dato’ Sri Mustapa Mohamed, Minister in the Prime Minister’s Department (Economy), to attract foreign funds into the country, thus helping to improve liquidity in the country and boost the economy.
The targeted investment by this joint investment vehicle includes Malaysian and ASEAN based companies operating in the Biotechnology, Green Technology, Financial Technology and Emerging Technology as well as in the areas of Artificial Intelligence (AI), Robotics & Automation and Internet of Things (IoT). The MoU was signed between VentureTECH’s Managing Director, Dr. Norida Abd Rahman and SBI Ventures Malaysia’s Managing Director, Mr. Yoshihiro Ishiwata.
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