SMART PARTNERSHIP FRANCHISE SCHEME
This scheme not only enables UMBs to own equity in non-Bumiputera companies, but it also allows non-Bumiputera companies to partner with PNS in financing their business
Criteria Of Target Companies - Registered with Registrar of Franchise (ROF) and Malaysian Franchise Association (MFA) as a franchisor / master franchisee / franchisee to a foreign franchisor
- Minimum of 2 years' uninterrupted Profit After Tax (PAT) track record
- Minimum shareholders' funds of RM3.0 million
- Minimum PAT of RM500,000 for recent financial year
- UMB must be involved in the management and operations of target company
- UMB must contribute a minimum of 5% of total investment costs
Investment Structure
- To subscribe Ordinary Shares only or combination of Ordinary Shares and 7% Cumulative Redeemable Convertible Preference Shares (CRCPS)
Size of Investment
- Ordinary Shares: minimum of 30% and maximum of 49% equity interest in target company or RM10 million, whichever is lower
- Preference Shares: minimum of RM1 million and maximum of RM5 million, subject to a gearing ratio of 2.0 times
Tenure Of Investment - Ordinary Shares: Maximum of 4 years.
- Preference Shares: Maximum of 5 years
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Views : 1737
Last Update : 17 November 2010
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Is franchising a viable business model?
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