INVESTMENT IN MEZZANINE COMPANIES

Criteria Of Target Companies

• Ordinary Shares
  • Minimum shareholders' funds of RM15 million.
  •  Total PAT for the last 2 years (audited) + current year (forecast) must not be less than RM10 million.
  • Listing potential within 3 years.
  • 51% of BOD and key management are Bumiputeras.
• Preference Share
  • Minimum shareholders' funds of RM2 million.
  • Total PAT for the last 2 years (audited) + current year (forecast) must not be less than RM1 million.
  • 51% of BOD and key management are Bumiputeras.
    

Investment Structure.

• Ordinary Shares.
  • To subscribe a minimum of 10% and maximum of 30% equity interest in the target company with option to sell back to UMB.
• Preference Shares.
  • To subscribe 5% Cumulative Redeemable Convertible Preference Shares ("CRCPS") in target company.