3. INVESTMENT IN MESDAQ bound COMPANIES

CRITERIA OF TARGET COMPANIES

  • Bumiputera or non-Bumiputera controlled companies with the potential to be listed on the MESDAQ within 1 year.
  • Companies with a minimum of 2 years uninterrupted profit (after tax) track record.
  • Minimum PAT of RM500,000 based on the audited accounts for the most recent financial year.
  • The target company must be involved in one of the 12 Technology Priority Areas as identified by MESDAQ as follows:
  • Advanced electronics and information technology
  • Telecommunications
  • Equipment/instrumentation, automation & flexible manufacturing systems
  • Biotechnology, bioconversion and genetic engineering
  • Healthcare Electro-optics, non-linear optics and optoelectronics
  • Advanced materials
  • Energy
  • Transportation
  • Emerging technologies
  • Services
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  • If the target company is not technology related, it must at least have high growth potential and a minimum 12 months' of operating revenue at the time of application. The following sectors are excluded: construction, property development, banking and financial services.
  • The target company must have appointed advisors for the listing exercise prior to PNS approval.
  • The target company must have at least 50% of its total assets situated in Malaysia based on its audited acounts for the most recent financial year
  • The target company has not previously applied for listing on Bursa Malaysia, of which such application has been rejected by the past 1 year.

INVESTMENT STRUCTURE

  • To subscribe a minimum of 10% and maximum 30% equity interest in the target company.

SIZE OF INVESTMENT

  • Maximum of RM5 million.

TENURE OF INVESTMENT

  • Maximum of 4 years.