VC & Pe Directory 2009

Venture Capital & Private Equity
2009
DIRECTORY
M A L AY S I A N VENTURE CAPITAL & PRIVATE EQUITY
MALAYSIAN
DIRECTORY
2009
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MALAYSIAN VENTURE CAPITAL

& PRIVATE EQUITY
DIRECTORY 2009
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c Table of Contents

Foreword by:
YBhg Dato Sri Zarinah Anwar
Chairman, Malaysian Venture Capital Development Council
David Fong
Chairman, Malaysian Venture Capital and Private Equity Association
1
3
Overview & Update on the Malaysian VC industry

Snapshot of the Industry
Regulatory framework & Incentives

Guidelines
Islamic VC/PE
Tax Incentives
Exit mechanism
Malaysian Venture Capital Development Council

Background
Council Members
11
Malaysian Venture Capital & Private Equity Association

Background
Committee Members
12
Directory
Listing of registered Venture Capital Corporations and Venture Capital
Management Corporations
Details of VCC and VCMC
15
Sponsors Advertisements
78
List of Press Releases, Keynote Addresses & Welcoming Remarks
82
Common Terminologies
83
Useful Links
91
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c Foreword by

Dato Sri Zarinah Anwar

It is my pleasure to introduce this first edition of the Venture
Capital and Private Equity Directory 2009, which aims to serve
as a reference point for entrepreneurs, institutions and investors
to gain useful, current and relevant information on the Malaysian
venture capital industry.
Notably, this directory is a joint project between the Malaysian
Venture Capital Development Council (MVCDC) and the Malaysian Venture Capital and Private Equity Association (MVCA).
Considerable effort and thought have been put into ensuring that pertinent topics are
featured in this directory. Among others, this directory provides comprehensive information
on the latest available industry statistics, relevant regulatory requirements, recent write ups
and articles, and most importantly, specific details of the registered venture capital corporations and venture capital management corporations.
The Malaysian government has long acknowledged the strategic importance of the
venture capital industry as a source of funding for growth. Venture capital financing fills
the void in cases where bank lending or fund raising through the debt or equity market
prove hard to obtain. Over the years, venture capitalists have been assisting entrepreneurs
and investee companies in developing and marketing their products locally and abroad. It
was also accepted that the venture capitalists investments in high growth sectors such
as information and communication technology and biotechnology are instrumental in
propelling Malaysias move toward an innovation-based economy.
As such, the venture capital industry has been granted various forms of support to facilitate
its growth and development. I am pleased to note that the total committed funds for venture
capital investments grew significantly from RM3.3 billion in 2007 to RM4.6 billion in
December 2008. Notwithstanding the promising trend, we must continue our developmental
efforts, one of which is to educate investors and promote venture capital financing.

MVCDC 2009 - Foreword.indd 1
MALAYSIAN VENTURE CAPITAL & PRIVATE EQUITY 2009
13/5/09 2:21:16 PM
I envisage this directory will effectively create much-needed awareness among industry
players from both the venture capitalist and entrepreneurial sides on the various requirements,
benefits, and funding availabilities that currently exist in this segment of the market. I believe
that greater awareness is key to the creation of more venture capital activities, as well as the
entry of new talent and skills, which will ultimately introduce greater vibrancy into the venture
capital industry.
Dato Sri Zarinah Anwar
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c Foreword by

Mr David Fong
Chairman, Malaysian Venture Capital and Private Equity Association

It gives me great pleasure to write this foreword to the inaugural
issue of the Venture Capital and Private Equity Directory.
The Directory is a collaborative effort between Malaysian Venture
Capital Development Council (MVCDC) and the Malaysian
Venture Capital & Private Equity Association (MVCA). As an
association, MVCA has been in existence since 1995. Since then,
Malaysias Venture Capital industry has grown significantly and
in recent years, we have seen the emergence of Private Equity.
Today, the Association has nearly 40 members and Malaysia
consistently ranks as one of the more active markets in South East Asia for Venture Capital
and Private Equity confirming its growing importance as an important financial activity. As
such, the publication of this Directory is timely.
Even though Venture Capital remains relatively new in Malaysia, it has quickly become a
recognized and important source of capital, particularly for companies at early stage of
growth. Similarly, the emergence of Private Equity has provided companies at a later stage
of growth with expansion or mezzanine capital and also a source of funding for Buy-Outs
or Distressed Situations. Unlike before, entrepreneurs today have the option of turning to
Venture Capital or Private Equity as alternate funding to traditional sources such as banks.
This Directory will provide businesses with a comprehensive listing of Venture Capital and
Private Equity firms that are active in Malaysia.
Apart from businesses, the Directory will provide a useful reference to parties in and out of
Malaysia who are interested in the Malaysian Venture Capital and Private Equity Industry. It is
our hope that the Directory can over time become the definitive guide to our industry.
Finally, we would like to thank our colleagues in MVCDC for their collaboration towards
producing this Directory.
David Fong

13/5/09 2:21:16 PM
c Overview & Update on the Malaysian VC industry

Snapshot of the Industry
Venture Capital Industry Performance in 2008
Table 1
Venture Capital Industry Participants
31-Dec-08
31-Dec-07
Number of registered venture capital

funds/companies
56
52
Number of registered VCMCs
52
46
Number of investee companies
450
433
Number of venture capital professionals
248
132
100% local ownership
98
93
Joint ventures
100% foreign ownership
Shareholding Structure
The number of venture capital companies (VCC) and venture capital management companies
(VCMC) registered with the SC under the Guidelines for the Registration of Venture Capital
Corporations and Venture Capital Management Corporations increased to 108 (Table 1) as at 31
December representing a growth 10% year-on-year.
Out of these 108 VCCs and VCMCs registered with the SC, 98 were 100% locally owned while nine
were joint ventures. In August, the industry also saw the entrance of Japan Asia Investment Co. Ltd
(JAIC) as the first 100% foreign-owned VCC.
The total number of investee companies benefiting from venture capital funding rose from 433
to 450, an increase of 4% year-on-year. Additionally, the number of venture capital professionals
increased from 132 to 248 as at end of 2008 representing a substantial increase of 88%.
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Table 2
Venture Capital Investments

(RM million)
31-Dec-08
31-Dec-07
Total committed funds under management
4,570
3,308
Total investment as at end of the period
1,929
1,784
2008
2007
Investment in investee companies
477
479
Divestments
45
105
The total committed funds for venture capital investment grew significantly to RM4.6 billion (Table
2) as at 31 December, compared to RM3.3 billion in 2007 representing an overall increase of 38%.
The increase was largely due to a higher contribution by government agencies amounting to RM2
billion in 2008 as opposed to RM1.2 billion in 2007. Similarly, contributions from corporations,
banks, pension and provident fund also showed an increase from last year.
Table 3
Amount of Investments and Number of Investee Companies by Financing Stage

Total Investment
(RM 000)
% of Total
Investment
No. of Investee
Company
Seed
12,757
31
Start-up
3,000
Early stage
82,785
17
21
Expansion/growth
298,632
62
65
Bridge/Mezzanine/pre-IPO
60,366
13
11
Management buy-in
11,500
Others
7,571
476,611
100
134
Business Stage
Total
The total amount of venture capital investments as at end of 2008 stood at RM1.9 billion, an increase
of 8% from RM1.8 billion invested as at end of 2007. During the year, RM477 million were invested
in 134 investee companies (Table 3) as compared to 2007 where RM479 million were invested in
121 investee companies. The overall increase seen in almost all of the key indicators reflect the
steady and sustained growth and expansion of the venture capital industry.

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Chart 1

Source of Venture Capital Funds (2008:RM4.57 billion)
Banks
7.65%
Foreign companies
& individuals
11.64%
Local companies
26.76%
Insurance
0.72%
Pension & provident

2.39%
Local individuals
2.95%
Government agencies
47.88%
Out of RM4.6 billion committed funds under management as at end of 2008, the RM2.2 billion (Chart
1) was sourced from government agencies. Although government agencies continued to provide
the largest portion of total funds under management, the contributions from local companies had
also increased from RM1.1 billion in 2007 to RM1.2 billion in 2008. The percentage committed by
local companies represented 27% of total funds committed to the industry. Overall contribution
from foreign companies and individuals had also increased from RM308 million in 2007 to RM532
million in 2008. The contribution from pension and provident funds and insurance companies
remained relatively small compared to contributions from other sources.
Out of RM477 million (Table 3) invested in 2008, 62% amounting to RM299 million were invested
in 65 investee companies at the expansion/growth stage. Additionally, 17% of the total investments
made during 2008 were for investee companies at the early stage.
Total amount invested in companies at the seed stage continued to be comparatively small,
representing only 3% of total investments made in 2008. Malaysia Venture Capital Management
Bhd (MAVCAP) continued to play a lead role in financing investee companies at the seed stage
where 28 out of the 31 investee companies were recipients of MAVCAPs funds.
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Chart 2
Investment by Sectors
46.6%
Others
36.1%
25.9%
Life Sciences
18.0%
Manufacturing
12.3%
27.4%
IT & Communication
15.2%
18.5%
Percentage (%)
During 2008
During 2007
In terms of sector classification, 27.4% (Chart 2) of total investments during 2008 were made in
the manufacturing sector compared to 18.5% in the IT and communication sector and 18.0% in life
sciences. Investment in sectors classified under the category of Others were mainly contributed
to investments in sectors such as education, transportation, electricity and power generation and
transport, storage and communication, signaling the increased diversity of investments by the
VCCs/VCMCs.

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Table 4
Divestments During 2008

Total (RM000)
Share of Total
(%)
No. of Venture
Company
Seed
Start-up
262
0.58
Expansion/growth
17,605
39.02
Bridge/mezzanine/pre-IPO
22,982
50.94
Management Buy-out
0.01
Management Buy-in
Business Stage
Early stage
Turnaround
Cashing-out
3,316
7.35
Others
946
2.10
TOTAL
45,117
100
18
Table 4 shows that the total amount divested during the year was RM45 million. 90% of divestments
of nine investee companies were made at the expansion/growth or bridge/mezzanine/pre-IPO stages.
The category Others includes funds disposed via selling of shares in the secondary market.
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c Regulatory Framework and Incentives

The government has formulated a favourable regulatory framework to promote a conducive environment
for market players and investors to participate in the venture capital industry. The current legislations
affecting the industry are briefly described below:
1. Guidelines for the Registration of Venture Capital Corporations and Venture Capital
Management Corporations

Venture capital corporations (VCC) and venture capital management corporations (VCMC) are
given the registered person status under Schedule 4 of the Capital Markets and Services Act 2007.
Corporations seeking to qualify as a VCC or VCMC must apply to be registered with the SC and
comply with the provisions of the guidelines.
The guidelines include the criteria for registration, fit and proper criteria for designated persons,
registration procedures and continuous compliance obligations required of the registered VCC and
VCMC. It also stipulates the type of activities allowed under the registration status.
A registration kit can be obtained from the SCs website or the Licensing Department to facilitate
the registration process and administer the submission of the periodic reports and other additional
documents.
2. Guidelines and Best Practices on Islamic Venture Capital

A registered VCC/VCMC intending to establish an Islamic VCC or Islamic VCMC must comply with
the Guidelines and Best Practices on Islamic Venture Capital. This document is divided into two parts:
Part 1 stipulates the core requirements for establishing an Islamic VCC or an Islamic VCMC while Part
2 sets out the best practices which are highly encouraged in creating prudent Islamic standards in the
industry.
A Shariah adviser must be appointed for the establishment of an Islamic VCC or VCMC and the
activities of the venture companies must be Shariah compliant. The provisions under the best
practices are voluntary in nature and reflect the level of expectations from the SC. The best practices
cover the responsibilities of the Shariah adviser, appointment and roles of a compliance officer, and
other administrative matters relating to portfolio management and maintenance of accounts. The
adoption of these best practices will raise the standards of the Islamic venture capital industry and
enhance professionalism in the industry.
The guidelines and best practices set the benchmark for both the Islamic venture capital industry
and are intended to promote the growth of the industry.

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3. Guidelines for the Annual Certification for Tax Incentives for the Venture Capital
Industry

A venture capital company registered with the SC may apply for either tax exemption or tax
deduction. The tax incentive guidelines detail the qualifying criteria and application procedures for
submitting a tax application.
To benefit from the tax exemption, a VCC must meet the following quantitative requirements:

At least 50% of its invested funds must be invested in investee companies in the form of
seed capital; or

At least 70% of its invested funds is invested in investee companies in the form of seed,
start-up or early-stage financing.

An individual or a company may qualify for the tax deduction upon meeting these requirements:

The company or the individual must be a Malaysian resident with investments in qualified
investee company in the form of seed capital, start up or early stage financing; and

Investments must be placed in unlisted shares of qualified investee company at the time of
acquisition with a holding period of at least two years before disposal.
All application forms and relevant documents are to be submitted to the Market Development Department
for approval on an annual basis. A certification letter will be issued by the SC upon approval which is to be
attached to the tax return form for submission to the Inland Revenue Board.
All the above-mentioned guidelines can be downloaded from the SCs website, www.sc.com.my.
Exit Mechanism MESDAQ Market

The MESDAQ Market was launched on 6 October 1997 to cater for the listing of high growth technologybased companies. The MESDAQ Market is part of Bursa Malaysia. Examples of venture-backed companies
listed on the MESDAQ market are Jobstreet Corporation Bhd, mTouche Technology Bhd, BCT Technology
Bhd and Unreal Mind Interactive Bhd. In 2008, there were two venture capital-backed companies listed on
the MESDAQ Market i.e. Fibon Bhd and Key Asic Bhd.
On 8 May 2009, the Securities Commission and Bursa Malaysia announced the transformation of MESDAQ
Market to a sponsor-driven alternative market, catering for companies of all sizes and from all economic
sectors. The alternative market, to be known as ACE Market, will be effective from 3 August 2009.
10
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Background
The venture capital industry plays a significant role in promoting business creation and entrepreneurship,
which contribute towards the overall development of the capital market. The Malaysian Government has
long recognized the importance of venture capital as an alternative source for financing businesses when
direct bank lending, or funds through the debt or equity market may be difficult to obtain.
The Malaysian Venture Capital Development Council (MVCDC) was established in January 2005 under the
chairmanship of the Securities Commission, Malaysia (SC). Its members, comprising representatives of
the public and private sector, are appointed by the Minister of Finance on the recommendation of the SC.
The Council acts as a platform to facilitate the development of the venture capital industry by coordinating
the Governments initiatives and incentives in charting the industrys strategic direction. The Council also
acts as a conduit for policymakers and industry players to discuss matters pertaining to the development
of the industry.
The Council members are Dato Sri Zarinah Anwar

Chairman, Securities Commission, Malaysia
Datuk Latifah Datuk Abu Mansor
Deputy Secretary General of Treasury
Datin Madinah Mohamad
Deputy Chief Secretary, Ministry of Science Technology and Innovation
Chok Kwee Bee
Executive Director, BI Walden Management Ketiga Sdn Bhd
Ismael Fariz Ali
Executive Director of Investment, Khazanah Nasional Bhd
Husni Salleh
Chief Executive Officer, Malaysian Venture Capital Management Bhd
Darawati Hussain
Director, Private Equity, CIMB Investment Bank Bhd
Norhalim Yunus
Chief Executive Officer, Malaysian Technology Development Corporation

11
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About Malaysian Venture Capital & Private Equity Association (MVCA)

The Malaysian venture capital industry shoulders a great task of being one of the drivers for the nations
vision in achieving a fully developed status by 2020. The growth of the domestic economic, which will be
fuelled by activities based on knowledge and technology, will rely heavily on funding from sources such as
the venture capital industry and private equity. The venture capital industry has to be the catalyst for the
spirit of innovativeness that the country is seeking to nurture. With this realization, the Malaysian Venture
Capital and Private Equity Association (MVCA) was established on 27 February 1995, with the paramount
objective of promoting and developing the Malaysian venture capital industry.
The MVCA also strives, among others, to:
promote, develop and maintain a venture capital and private equity industry in Malaysia as a
source of equity financing for business enterprises principally for the start-up and/or development
of small and medium sized enterprises.
stimulate the promotion, research and analysis of venture capital and private equity in Malaysia
and in other countries.
promote cooperation amongst members, encourage joint efforts and business undertakings
as well as to provide a regular forum to exchange and sharing of views, experience and
knowledge
represent, express and give effect to the views and opinions of persons or companies, engaged
in the venture capital and private equity industry, including providing representations to all
governmental or public authorities or bodies.
develop and encourage the highest standard of professional ethics in the venture capital
industry.
Activities of MVCA include:
Conferences and symposiums on venture capital and private equity and issues directly or
indirectly related to it.
Regular forum among members on the latest issues pertaining to venture capital and private
equity.
Conduct dialogues and presentations to any governmental or public authorities or bodies on
behalf of the members on regulatory issues and formation of new venture activities.
Collate, circulate and disseminate commercial statistics related to the venture capital industry.
Collaboration with other venture capital association in the region and other parts of the world for
the advancement of the venture capital industry in Malaysia.
Publish and circulate e-newsletter containing news on the activities and progress of member
companies and potential venture opportunities.
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MVCA Committee Members (2008-2009)

Executive Committee 2008-2009
Chairman
David Fong (iSpring Venture Management Sdn Bhd)
Vice Chairman
Shaik Taufik Shaik Yusoff (Malaysia Venture Capital Management Bhd)
Honorary Secretary
Zahariah Zabidin (Malaysian Technology Development Corporation Sdn Bhd)
Honorary Treasurer
Nurrinanuwar Shamsuddin (Lembaga Tabung Haji Bhd)
Management Committee 2008 -2009

Azam Azman (CMS Opus Sdn Bhd)
Mohamad Hazani Hassan (Kumpulan Modal Perdana Sdn Bhd)
William Du (MIRC Ingenious Capital Partners Sdn Bhd)
Zainnurain Othman (Mayban Ventures Sdn Bhd)
Chok Kwee Bee (BI Walden Ketiga Sdn Bhd)
Darawati Hussain (CIMB Private Equity & Venture Capital)
Koot Chiew Hwa (Affilion Advisory Sdn Bhd)

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c Directory
List of Registered Venture Capital Corporation (as at 31 January 2009)
No
Name of VCC
Arris Venture Sdn. Bhd.
AmPrivate Equity Sdn. Bhd.
Banyan Venture One Sdn. Bhd.
BI Walden Ventures Ketiga Sdn. Bhd.*
BIMB Musyarakah Satu Sdn. Bhd.*
Bumiputera and Technology Venture Capital Sdn. Bhd.
Cache Ventures 1 (M) Sdn. Bhd. *
CIMB Mezzanine 1 Sdn. Bhd.
CIMB Private Equity 1 Sdn. Bhd.
10
Commerce Technology Ventures Sdn. Bhd.
11
CMY Incubator Sdn. Bhd.
12
Continuum Capital Sdn. Bhd.
13
Creative Dynamic Resources Sdn. Bhd. *
14
HDM Private Equity Sdn. Bhd.
15
DTA Growth Capital Sdn. Bhd.
16
Ekuiti Teroka (Malaysia) Sdn. Bhd. *
17
Ethos Capital One Sdn. Bhd.
18
Expedient Equity Ventures Sdn. Bhd.
19
General & Global Equities Sdn. Bhd. *
20
Inertia AIF Sdn. Bhd.
21
Inflexion PEF Sdn. Bhd.
22
iSpring Capital Sdn. Bhd.
23
Japan Asia Investment Co. Ltd
24
Jaringan Gagasan Sdn. Bhd.
25
Kenanga Renewable Energy Ventures Sdn. Bhd. *
26
Malaysian Life Sciences Capital Fund Ltd
27
Malaysian Technology Venture Two (Agriculture) Sdn. Bhd. *
28
Mavcap Biotech Sdn. Bhd.
29
Mavcap ICT Sdn. Bhd.
30
Mavcap Photonics Sdn. Bhd.

MVCDC 2009 - Directory 2 NEW.ind15 15
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No
Name of VCC
31
Mavcap Technology Sdn. Bhd.
32
Mayban Venture Capital Company Sdn. Bhd.
33
Mezzanine Capital (Malaysia) Sdn. Bhd.
34
Momentum STI Sdn. Bhd.
35
MSC Venture One Sdn. Bhd.
36
Mutiara Makmur Ventures Sdn. Bhd.
37
Musharaka Tech Venture Sdn. Bhd.
38
Netrove Asia Sdn. Bhd.*
39
Netval Ventures Sdn. Bhd.
40
OSK Technology Ventures Sdn. Bhd.
41
OSK Venture Equities Sdn. Bhd.
42
Oxfordtrax Sdn. Bhd.
43
Renong Ventures Sdn. Bhd. *
44
Resilient One Sdn. Bhd.
45
S.B. Venture Capital Corporation Sdn. Bhd. *
46
Singularity Ventures Sdn. Bhd.
47
Soligress Portfolio Sdn. Bhd.
48
Spring Hill Bioventures Sdn. Bhd.
49
Teak Ventures Sdn. Bhd.
50
Technology Asia Ventures Sdn. Bhd.
51
THG Capital Sdn. Bhd.
52
Trans Econ Venture Sdn. Bhd.
53
VF Capital Sdn. Bhd.
* The company is currently inactive
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List of Registered Venture Capital Management Corporation

(as at 31 January 2009)
No
Name of VCMC
Arris Venture Management Sdn. Bhd.
Banyan Ventures Sdn. Bhd.
BI Walden Management Ketiga Sdn. Bhd. *
BIMB Venture Capital Sdn. Bhd. *
BTV Management Sdn. Bhd.
Cache Capital (M) Sdn. Bhd.
CAV Private Equity Management Sdn. Bhd.
CIMB Private Equity Advisors Sdn. Bhd.
CMS Opus Private Equity Sdn. Bhd.
10
Commerce-Meridian Capital Sdn. Bhd. *
11
Crescent Equity Management Sdn. Bhd. *
12
HDM Capital Management Sdn. Bhd.
13
DTA Venture II Sdn Bhd
14
DTA Ventures Management Sdn. Bhd.
15
Ethos Capital Sdn. Bhd.
16
Exelasia Capital Sdn. Bhd. *
17
Expedient Equity Sdn. Bhd.
18
Expedient Equity Two Sdn. Bhd.
19
FirstFloor Capital Sdn. Bhd.
20
Goldis Capital Sdn. Bhd.
21
Ingenious Haus Sdn. Bhd.
22
Intelligent Capital Sdn. Bhd.
23
Intrasys Sdn. Bhd.
24
iSpring Venture Management Sdn. Bhd.
25
Kenanga Private Equity Sdn. Bhd.
26
Kumpulan Modal Perdana Sdn. Bhd.
27
Malaysian Life Sciences Capital Fund Management Company Ltd*
28
Malaysia Venture Capital Management Bhd.
29
Malaysian Technology Development Corporation Sdn. Bhd.
30
Malaysian Ventures Management Incorporated Sdn. Bhd.
31
Matrix Divine Sdn. Bhd. *
32
Mayban Ventures Sdn. Bhd.

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No
Name of VCC
33
MSC Venture Corporation Sdn. Bhd.
34
MTDC Penang Sdn. Bhd. *
35
MTDC Private Equity Management Sdn. Bhd. *
36
MIDF Amanah Ventures Sdn. Bhd.
37
Musharaka Venture Management Sdn. Bhd.
38
Netrove Partners Sdn. Bhd.
39
Netval Management Sdn. Bhd.
40
OSK Private Equity Management Sdn. Bhd.
41
Pembangunan Ekuiti Sdn. Bhd.
42
Photonics Venture Capital Sdn. Bhd.
43
RHB Private Equity Holdings Sdn. Bhd.
44
SCS Capital Sdn. Bhd.
45
Spring Hill Management Sdn. Bhd.
46
Tech And Bio Incubator Sdn. Bhd.
47
Teak Capital Sdn. Bhd.
48
Trupartners Sdn. Bhd.
49
Vida Partners Sdn. Bhd. *
50
Vida Managers Sdn. Bhd. *
51
Zen Capital Partner Sdn. Bhd.
* The company is currently inactive
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Details of Registered Venture Capital Corporations (VCCs)
Arris Venture Sdn Bhd
Address
39, Jalan Kenari 17C, Bandar Puchong Jaya, 47100 Puchong, Selangor Darul Ehsan
Telephone
+603 8076 3063
Fax
+603 8073 1232
Email
llh@arris-group.com
Size of
Investment
Between RM1 million to RM5 million
Fund Size
Below RM5 million
Source of
Capital
Private Individuals
Industry
Preference
Type of
Financing
Equity Primarily
Portfolio
Management
Sit on Board
Active Management Advice
Financial Advice
Financing
Role
Lead Investor
Participate in Syndicates
Information
Technology
Computer Related
Telecommunications
Electronic
High/Nano
Technology
Biotechnology/Life
Sciences
Agrotech
Financial Service
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Geographical
Preference
Southeast Asia
Asia Pacific
Asia
Europe
Investment Information
Management Information
Management
Team
1. Dato Paduka Khairuddin bin Abu Hassan

2. Chew Por Yan
3. Loh Lim Hock
Director
Director
Director
Contact
Person(s)
1. Chew Por Yan

2. Loh Lim Hock
Director
Director
Other Information
Company
Description
To source for venture fund and provide venture fund to high potential growth company in the field of
Biotechnology, IT and Advance Science companies.
AmPrivate Equity Sdn Bhd
Address
Level 15, Bangunan AmBank Group, No. 55, Jalan Raja Chulan, 50200 Kuala Lumpur
Telephone
+603 2078 2392
Fax
+603 2072 8253
Email
francis-ng@ambg.com.my
Size of
Investment
Up to RM20million
Fund Size
RM50 million to RM100 million
Source of
Capital
Banks
Pension Funds
Industry
Preference
Type of
Financing
Equity Primarily
Portfolio
Management
Sit on Board
Financial Advice
Information Technology
High/Nano Technology
Marine/Maritime
Power
Manufacturing
Consumer Products
Financial Service

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Financing
Role
Lead Investor
Preferred
Investment
Stage
Expansion/Growth Capital
Mezzanine/Pre-IPO
Buy-Outs/Buy-Ins
PIPE Financing
Privatisation
Year Founded
2006
Management
Team
1. Francis Ng Lin Fatt

2. Lim Yong Lee
Chief Executive Officer

Chief Investment Officer
Contact
Person(s)
Company
Description
AmPrivate Equity is a registered VC with a RM100 million fund that invests in target sectors which include
manufacturing concerns on key growth industries, business services, resource-based manufacturing,
environmental services, energy services, logistics services, and promising information and communications
technology (ICT) companies with proven track record.
Portfolio
a. Soon Soon Oilmills Sdn Bhd

b. CDS Freight Holdings Limited
c. IEV Energy Sdn Bhd
Banyan Ventures Sdn Bhd
Address
Suite A3A07, Block A, Phileo Damansara 1, No. 19, Jalan 16/11, 46350 Petaling Jaya, Selangor
Telephone
+603 7956 8108
Fax
+603 7956 0736
Email
eileenck@streamyx.com
eileenck@gmail.com
Size of
Investment
Less than RM5 million
Fund Size
Source of
Capital
Private Individuals
Industry
Preference
Type of
Financing
Equity Primarily
Minority Equity
Portfolio
Management

Financial Advice
Information
Technology
Computer Related
Electronic
Agrotech
Manufacturing
Consumer Products
Financing
Role
Lead Investor
Geographical
Preference
Southeast Asia
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Buy-Outs/Buy-Ins
Year Founded
2000
Management
Team
1. Dr. CJ Lim
2. Encik Omar Merican
3. Eileen Tan
Principal
Director
Chief Executive Officer and Director
Contact
Person(s)
1. Eileen Tan
Geographical
Preference
Southeast Asia
Other Information
20
13/5/09 1:38:31 PM
Bumiputera and Technology Venture Capital Sdn Bhd
Address
Level 14, Menara Boustead Penang, Jalan Sultan Ahmad Shah, 10050 Pulau Pinang
Telephone
+604 227 4297
Fax
+604 227 4300
Email
asadsidon@yahoo.com
Size of
Investment
Fund Size
Source of
Capital
Corporations
Industry
Preference
Type of
Financing
Equity Primarily
Portfolio
Management
Sit on Board
Electronic
Agrotech
Power
Manufacturing
Financing
Role
Lead Investor
Geographical
Preference
Malaysia Only
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Year Founded
1996
Management
Team
1. Asad Sidon
2. Shaik Othman Hussin

Investment Manager
Contact
Person(s)
1. Asad Sidon
CIMB Mezzanine 1 Sdn Bhd
Address
No. 6, Commerce House, 22-24 Jalan Sri Semantan Satu, Damansara Heights, 50490 Kuala Lumpur
Telephone
+603 2732 5577
Fax
+603 2711 1209
Website
www.cimb.com
Size of
Investment
USD2 million to USD10 million
Fund Size
Source of
Capital
Government Agencies
Banks
Corporations
Pension Funds
Private Individuals
Industry
Preference
General mandate
Type of
Financing
Minority Equity
Geographical
Preference
Southeast Asia
Portfolio
Management
Sit on Board
Financial Advice
Financing
Role
Lead Investor

21
13/5/09 1:38:32 PM
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Year Founded
2004
Management
Team
1. Darawati Hussain
2. Daniel Hoh
Director
Director
Contact
Person(s)
1. Darawati Hussain
2. Daniel Hoh
Director
Director
Company
Description
The objective of CIMB Mezzanine Fund I is to invest in Shariah compliant companies which aim to list on the
Bursa Malaysia and other Association of South East Asian Nations (ASEAN) bourses and are within 12 months
from their intended public listing. The Fund will also participate in corporate exercises of listed companies on
these exchanges.
Other Information
The fund is managed by CIMB Private Equity and Venture Capital (PEVC), a leading manager of private equity
and venture capital funds in Malaysia with total assets under management of over USD223 million.
For details of PEVC, please refer to CIMB Private Equity 1 on page 23.
CIMB Private Equity 1 Sdn Bhd
Address
Telephone
+603 2732 5577
Fax
+603 2711 1209
Website
www.cimb.com
Size of
Investment
Fund Size
Source of
Capital
Government Agencies
Banks
Corporations
Pension Funds
Private Individuals
Industry
Preference
General mandate
Type of
Financing
Minority Equity
Majority Equity
Geographical
Preference
Southeast Asia
Portfolio
Management
Sit on Board
Financial Advice
Financing
Role
Lead Investor
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Buy-Outs/Buy-Ins
Privatisation
Year Founded
2005
Management
Team
1. Darawati Hussain
2. Daniel Hoh
Director
Director
Contact
Person(s)
1. Darawati Hussain
2. Daniel Hoh
Director
Director
22
13/5/09 1:38:32 PM
Other Information
Company
Description
The objective of the CIMB Private Equity Fund I is to make privately negotiated investments in Shariah
compliant public and private companies. The fund provides equity capital to mature companies in most
industrial sectors seeking capital for expansion, buyouts and privatization. The fund does not invest in
construction, property development and early stage companies.
The fund is managed by CIMB Private Equity and Venture Capital (PEVC), a leading manager of private
equity and venture capital funds in Malaysia with total assets under management of over USD223 million.
CIMB Private Equity & Venture Capital was created from a merger between the Private Equity unit of CIMB
Investment Bank and Commerce Asset Ventures, the venture capital arm of the CIMB Group. The Private Equity
unit of CIMB Investment Bank was formed in 2001 while Commerce Asset Ventures was formed in 1997.
The merged entity has a multi-fund strategy and manages more than 11 funds focusing on a wide range of
industries and business stages including:
Commerce Technology Ventures Early to late stage companies focusing on information communications
& technology, biotechnology and advanced manufacturing.
Commerce Agro Ventures/Commerce KAT Early to late stage companies focusing on agriculture,
aquaculture and biotechnology.
CIMB Private Equity Fund 1, C-BAT/I-BAT Expansion to late stage companies with a general mandate
focusing on general services, manufacturing and retail.
PEVC invests in mid-size deals from USD2 million USD10 million and takes significant minority stakes in
Southeast Asia-based companies. We usually have active participation in the investee companies, via board
seat entitlement and/or executive management committees. Investee companies are selected on the basis that
they have a sound business model, strong fundamentals, competent management, track record and market
presence. Target internal rate of return (IRR) is more than 20 percent with investment horizon of 3 to 5 years.
Exits are typically via trade sale or initial public offerings.
Portfolio
Across the funds, we currently have a portfolio of over 50 companies. These portfolio companies and
businesses include: Alam Maritim-JV, Burger King, In-Fusion Solutions, Mahmood Security, Kibaru
Manufacturing, Vital Remarks, etc.
Portfolio companies which we have divested includes: Alam Maritim, Big Tree, Fortlab, IMU, Qualitas Medical
Group, QSR Brands. These investments have demonstrated significant growth and progress since our initial
investment. They have also posted IRRs of over 50 percent upon exits.
Commerce Technology Ventures Sdn Bhd
Address
Telephone
+603 2732 5577
Fax
+603 2711 1209
Website
www.cimb.com
Size of
Investment
Fund Size
Source of
Capital
Government Agencies
Banks
Industry
Preference
Type of
Financing
Minority Equity
Majority Equity
Portfolio
Management
Sit on Board
Financial Advice
Computer Related
Telecommunications
Electronic
Biotechnology/Life Sciences
Manufacturing
Media/Entertainment
Financing
Role
Lead Investor
Geographical
Preference
Southeast Asia
Preferred
Investment
Stage
Start-Up/Early Stage
Mezzanine/Pre-IPO

23
13/5/09 1:38:33 PM
Year Founded
2000
Management
Team
1. Darawati Hussain
2. James Ng
Director
Senior Manager
Contact
Person(s)
1. Darawati Hussain
2. James Ng
Director
Senior Manager
Other Information
Company
Description
Commerce Technology Ventures Sdn Bhds objective is to provide equity and mezzanine capital to viable,
innovative, high-growth and emerging companies. It seeks to support talented entrepreneurs in realizing their
vision of building and nurturing competitive and resilient technology-based companies.
Portfolio
CMY Incubator Sdn Bhd
Address
No. 79, Jalan Bangkung, Bukit Bandaraya, 59100 Kuala Lumpur
Telephone
+603 2717 1818
Fax
+603 2717 1813
Email
executive@cmycapital.com.my
Size of
Investment
Fund Size
Source of
Capital
Private Individuals
Industry
Preference
Type of
Financing
Majority Equity
Portfolio
Management
Financial Advice
Electronic
Manufacturing
Consumer Products
Financial Service
Financing
Role
Lead Investor
Geographical
Preference
Southeast Asia
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Year Founded
2003
Management
Team
1. Tan Sri Dato Chua Ma Yu

2. Yap Wai Leong
Director
Director
Contact
Person(s)
1. Yap Wai Leong
Director
24
13/5/09 1:38:33 PM
Continuum Capital Sdn Bhd
Address
c/o Tay & Partners, Suite 6.01, 6th Floor Plaza See Hoy Chan, Jalan Raja Chulan, 50200 Kuala Lumpur
Telephone
+603 2093 4044
Fax
+603 2093 8244
Email
saidah@firstfloorcapital.com
Size of
Investment
RM5 million to RM6 million per investment
Fund Size
Source of
Capital
Government Agencies
Banks
Private Individuals
Industry
Preference
Telecommunications
Type of
Financing
Equity Primarily
Equity / Loans
Minority Equity
Geographical
Preference
Asia
Portfolio
Management
Sit on Board
Financing
Role
Lead Investor
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Buy-Outs/Buy-Ins
Year Founded
2008
Management
Team
Managed by FirstFloor Capital Sdn Bhd
Contact
Person(s)
1. Tengku Mohd Fahmi Tengku Hamzah

2. Muhammad Zauqi bin Abdullah
Company
Description
Continuum Capitals objective is to invest in technology related and growth companies, with unique
competitive advantages, sustainable value proposition and a strong management team and which shall be
beyond the research and development (R&D) stage and would be revenue generating.
Portfolio
Qualitas Medical Group Limited (via QH Sdn Bhd)

GTL (Global Transit Limited)
10
HDM Private Equity Sdn Bhd
Address
Level 7, Wisma Sri Pinang, 60 Green Hall, 10200 Penang
Telephone
+604 2636 996
Fax
+604 2610 443
Email
cykang@hdbs.com.my
Size of
Investment
RM10 Million
Fund Size
Source of
Capital
Corporations
Industry
Preference
Type of
Financing
Minority Equity
Portfolio
Management
Sit on Board
Electronic
Manufacturing
Consumer Products
Hospitality/Leisure
Media/Entertainment
Investment Director
Investment Director
Other Information

25
13/5/09 1:38:34 PM
Financing
Role
Lead Investor
Preferred
Investment
Stage
Year Founded
2005
Management
Team
1. Lilian Kang Chooi Yong
Assistant General Manager
Contact
Person(s)
1. Lilian Kang Chooi Yong
Company
Description
The principal activity of the Company is investment holding.
11
DTA Growth Capital Sdn Bhd
Address
No. 24A, Jalan Datuk Sulaiman, Taman Tun Dr. Ismail, 60000 Kuala Lumpur
Geographical
Preference
Southeast Asia
Other Information
Telephone
+603 7722 2560
Fax
+603 7722 2570
Email
kctan@dtacapital.com
Website
www.dtacapital.com
Size of
Investment
Maximum RM4.5 million
Fund Size
Source of
Capital
Government Agencies
Corporations
Industry
Preference
Computer Related
Telecommunications
Type of
Financing
Equity/Loans
Geographical
Preference
Asia Pacific
Portfolio
Management
Sit on Board
Financial Advice
Financing
Role
Lead Investor
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Year Founded
2008
Management
Team
1. Dali bin Sardar

2. Tan Kong Cheng
3. Muhammad Naim bin Yunus
4. Nikhil Chandulal Kothari
Director
Director
Director
Director
Contact
Person(s)
1. Tan Kong Cheng

2. Dali bin Sardar
Director
Director
26
13/5/09 1:38:35 PM
12
Ethos Capital One Sdn Bhd
Address
Level 8, Menara Tsh, No. 8, Jalan Semantan, Damansara Heights, 50490 Kuala Lumpur
Telephone
+603 2093 6111
Fax
+603 2093 1354
Email
enquiry@ethoscapital.com.my
Website
www.ethoscapital.com.my
Size of
Investment
Fund Size
Source of
Capital
Government Agencies
Banks
Corporations
Pension Funds
Private Individuals
Industry
Preference
Type of
Financing
Equity Primarily
Minority Equity
Majority Equity
Portfolio
Management
Sit on Board
Financial Advice
Financing
Role
Lead Investor
Computer Related
Telecommunications
Electronic
Agrotech
Marine/Maritime
Power
Manufacturing
Consumer Products
Financial Service
Hospitality/Leisure
Media/Entertainment
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Buy-Outs/Buy-Ins
PIPE Financing
Privatisation
Geographical
Preference
Southeast Asia
Asia Pacific
Asia
Year Founded
2007
Management
Team
1. Rohana Mahmood
2. Omar Mustapha
3. Nagib Abdullah
4. Tony Yong
Chairman
General Partner
General Partner
General Partner
Contact
Person(s)
1. Nagib Abdullah
2. Tony Yong
General Partner
General Partner
Company
Description
Introduction
Ethos Capital Sdn Bhd launched its first private equity fund, namely Ethos Capital One, in March 2007. Ethos
Capital One is a RM215 million fund that is anchored by leading financial institutions and high net-worth
individuals. The Company is based in Kuala Lumpur and is registered with the Securities Commission of
Malaysia.
Other Information
Focus
The fund focuses on investing in businesses within fast-growth ASEAN countries. Whilst investment is
not limited to specific industries, we seek companies with proven operational track record, innovative
management team and strong growth potential.
Strength
In addition to providing funding, we also create value by providing guidance on business strategy and
operational best practices as well as assisting with market access.
Portfolio
1) Masterskill Education Group Berhad

2) Omni Petromaritime Sdn Bhd

27
13/5/09 1:38:35 PM
13
Expedient Equity Ventures Sdn Bhd
Address
Level 11, Menara Bank Pembangunan, Bandar Wawasan, No. 1016, Jalan Sultan Ismail, 50300 Kuala Lumpur
Telephone
+603 2050 3000
Fax
+603 2698 3800
Email
daniel@expedientequity.com
Size of
Investment
RM1.5 million to RM4 million per portfolio
Fund Size
Source of
Capital
Government Agencies
Corporations
Private Individuals
Industry
Preference
Computer Related
Telecommunications
Advance Material
Type of
Financing
Minority Equity
Geographical
Preference
Portfolio
Management
Sit on Board
Southeast Asia
Asia Pacific
Asia
Financing
Role
Lead Investor
Preferred
Investment
Stage
Seed/R&D
Year Founded
2007
Management
Team
Managed by Expedient Equity Two Sdn Bhd
Contact
Person(s)
1. Mohd Daniel Bin Mat Noh
Company
Description
Expedient Equity Ventures Sdn Bhds fund is being managed by Expedient Equity Two Sdn Bhd, a venture
capital fund management company under the Second Malaysian Venture Capital Management Bhds (Mavcap)
outsourcing partner program launched in 2007. Its total fund size is RM30.3 mil and is investing primarily in
emerging growth companies within the ICT sector in Malaysia and in the region.
Portfolio
a)
b)
c)
d)
e)
f)
14
Inertia AIF Sdn Bhd
Address
7th Floor, PNB Damansara, 19 Lorong Dungun, Damansara Heights, 50490 Kuala Lumpur
Telephone
+603 2093 4044
Fax
+603 2093 8244
Email
nizar@firstfloorcapital.com
Website
www.firstfloorcapital.com
Director
Other Information
28
Neudia Holding Limited

IQ Global Sdn Bhd
Fibon Berhad
EA Global Holdings Limited
Century Software (M) Sdn Bhd
Newszapped Media (M) Sdn Bhd
13/5/09 1:38:36 PM
Size of
Investment
Fund Size
RM5 million RM50 million
Source of
Capital
Government Agencies
Banks
Corporations
Industry
Preference
Computer Related
Telecommunications
Type of
Financing
Equity Primarily
Minority Equity
Geographical
Preference
Southeast Asia
Portfolio
Management
Sit on Board
Financing
Role
Lead Investor
Preferred
Investment
Stage
Year Founded
2004
Management
Team
Managed by FirstFloor Capital Sdn Bhd
Contact
Person(s)
1. Mohd Nizar bin Ali

2. Mohamed Radzif bin Mohamed Shamsudin
Managing Director
Company Director
Other Information
Company
Description
Inertia is an early stage technology investment fund with average investment tenure of 5 years. It started
operation in July 2004. The fund focuses primarily on Neuramatix Group Companies capital requirement,
and/or other emerging growth companies.
Portfolio
1. Neuramatix Sdn Bhd

2. Synamatix Sdn Bhd
15
Inflexion PEF Sdn Bhd
Address
Level 41, Menara Maybank, 100 Jalan Tun Perak, 50050 Kuala Lumpur
Telephone
+603 2032 2188
Fax
+603 2031 2188
Website
www.mayban-ventures.com.my
Size of
Investment
Fund Size
Source of
Capital
Banks
Corporations
Insurance Companies
Pension Funds
Industry
Preference
Computer Related
Telecommunications
Manufacturing
Type of
Financing
Equity Primarily
Geographical
Preference
Malaysia
Portfolio
Management

Financial Advice
Financing
Role
Lead Investor
Preferred
Investment
Stage
Mezzanine/Pre-IPO

29
13/5/09 1:38:37 PM
Year Founded
2005
Management
Team
1. Zaini Bin Deni

2. Zainnurain Bin Othman
3. Chiam Chiau Hiong
Vice President
Assistant Vice President
Contact
Person(s)
1. Zaini Bin Deni

2. Fairuz Elina Binti Jamilus
Vice President
Other Information
Company
Description
The Inflexion PEF Sdn Bhd is a RM60 million closed-end fund established in August 2005, as a private equity
fund company with investors ranging from venture capital, insurance and banking institutions.
The Inflexion Fund invests in later stage companies. The Fund aspires to invest in a broad range of privately
held growth and technology companies whom have completed research & development of products and are
revenue generating. Candidates are companies with a strong business plan, firm track record, possess a
niche target market and have a sound management team.
Portfolio
Holista Biotech Sdn Bhd (Holista)

Holista Group of Companies comprise of Total Health Concept Sdn Bhd (THC), Alterni Sdn Bhd (Alterni) and
Tropical Botanics Sdn Bhd (TBSB). THC is a nutraceutical wholesaler of natural herbal healthcare products
sold in pharmacies. Alterni is a direct marketing of alternative healthcare products focusing on bone nutrition,
weight management and general health welfare. TBSB focuses on local herbs in collaboration with University
of Mississippi, Universiti Sains Malaysia and Indian Institute of Integrative Medicine (IIM).
PMCare Sdn Bhd (PMCare)
PMCare is a healthcare Business Process Outsourcing (BPO) provider specializing in the management and
administration of corporate clients medical benefits extended to their employees and eligible dependents,
using proprietary application software.
PMCares main clients include Tenaga Nasional, Telekom Malaysia, Celcom, Bank Simpanan Nasional,
Sapura Group and Khazanah Nasional.
Fibon Berhad (Fibon)
Fibon through its subsidiary Hexa Analisa Sdn Bhd is principally engaged in the formulation, manufacturing
and sales of Advance Matrix Composite Materials such as electrical insulators, enclosure and meter board for
the energy industry.
Its main clients include Siemens, Terasaki Group, ABB, Schneider Electric and SMB Electric.
16
iSpring Capital Sdn Bhd
Address
P-2-6 Plaza Damas, No. 60, Jalan Sri Hartamas 1, 50480 Kuala Lumpur
Telephone
+603 6203 3906
Fax
+603 6203 2915
Email
nwp@ispringcapital.com
Website
www.ispringcapital.com
Size of
Investment
Fund Size

(Currently fully invested)
Source of
Capital
Corporations
Industry
Preference
Computer Related
Type of
Financing
Equity Primarily
Minority Equity
Geographical
Preference
Malaysia
Portfolio
Management
Sit on Board
Financial Advice
30
13/5/09 1:38:37 PM
Financing
Role
Lead Investor
Preferred
Investment
Stage
Year Founded
2000
Management
Team
1. David Fong
2. Ng Wei Pong
Director
Associate Director
Contact
Person(s)
Ng Wei Pong
Associate Director
Company
Description
ISpring Capital Sdn Bhd is a MSC Status Incubator.
17
Japan Asia Investment Co. Ltd
Address
1) Akasaka Eight-One Building, 13-5 Nagata-Cho 2-Chome, Chiyoda-ku, Tokyo 100-8972, Japan.
2) Menara Dion #15-02, 27 Jalan Sultan Ismail, 50250 Kuala Lumpur
Telephone
+603 2070 9380/9381
Fax
+603 2070 9382
Email
Fujiyama@jaic.com.sg
Website
www.jaic-vc.co.jp
Size of
Investment
More than RM2 million
Fund Size
Source of
Capital
Government Agencies
Banks
Corporations
Insurance Companies
Industry
Preference
Type of
Financing
Equity Primarily
Minority Equity
Portfolio
Management
Sit on Board
Telecommunications
Electronic
Agrotech
Manufacturing
Consumer Products
Financial Service
Hospitality/Leisure
Media/Entertainment
Financing
Role
Lead Investor
Geographical
Preference
Asia
North America
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Buy-Outs/Buy-Ins
Privatisation
Year Founded
1981
Management
Team
1. Toyoji Tatsuoka
2. Makoto Isshi
3. Hidetaka Fukuzawa
4. Moriyoshi Matsumoto
5. Osamu Hosokubo
6. Shinichi Hotta
7. Takafumi Matsukura
8. Masahiro Shiga
Other Information
President and Chief Executive Officer
Senior Managing Director
Managing Director
Managing Director
Director
Director
Director
Director

31
13/5/09 1:38:38 PM
Chief Representative
Contact
Person(s)
1. Hideaki Fujiyama
Company
Description
Japan Asia Investment Co. Ltd (JAIC) was established in 1981. Over the last 25 years, we have built a strong
presence in the venture capital financing industry and is the largest independent venture capital company in
Japan and ASEAN. Our total fund size currently stands at USD1.4bil which is invested in 750 companies across
11 countries. JAIC group adds value to our investee companies by introducing business and cross-selling
opportunities with Japan-related companies. This, together with our strong presence in Japan and regionally,
differentiates JAIC from other venture capital companies in Malaysia.
Portfolio
Pulse Group Plc

(http://www/pulse -group.com)
-Online research company
Matrix Valley PLC
(http://www.watershop.biz/msia/company/company.htm)
-Water Vending Machine Operator
Other Information
Soon Soon Oilmills Sdn Bhd

(http://www.soonsoonoil.com.my/)
-Soybean Oil Manufacturer
JST Technology Sdn Bhd
(http://jst.cc/main.html)
-Uninterrupted Power Supply System Manufacturer
Fibon Berhad
(http://www.fibon.com.my/index.htm)
-Electrical Insulator and Electrical Enclosures Manufacturer
18
Malaysian Life Sciences Capital Fund Ltd
Address
36-01, Level 36, Menara Dion, 27 Jalan Sultan Ismail, 50250 Kuala Lumpur
Telephone
+603 2072 0110
Fax
+603 2072 0330
Email
Kishore@mlscf.com
Website
www.mlscf.com
Size of
Investment
RM137 million (Incl. BLSCFII)
Fund Size
Source of
Capital
Government Agencies
Pension Funds
Industry
Preference
Type of
Financing
Equity/Loans
Geographical
Preference
Asia Pacific
North America
Portfolio
Management
Sit on Board
Financing
Role
Lead Investor
Preferred
Investment
Stage
Seed/R&D
Year Founded
2006
Management
Team
1. Amirul Fares Wan Zahir

2. Roger E Wyse
3. Ganesh M Kishore
32
Co-Chairman
Co-Chairman
13/5/09 1:38:39 PM
Office Manager
Contact
Person(s)
1. Ginny Leong
Company
Description
MLSCF is a USD150 million life sciences venture fund co-managed by MTDC and Burrill & Company of San
Francisco. The fund invests in privately held globally competitive and Malaysia centric global life sciences
companies that provide superior ventures and bring innovative solutions to the market and advancing Malaysia
biotech initiative.
Other Information
The fund connects entrepreneurs to the global marketplace and provides not only capital but a talent network
ready to accelerate the growth of enterprises working in the food, healthcare, agricultural and industrial
applications of biotechnology.
Portfolio
1. Health & Wellness consumer products/wellness ingredients

2. Industrial biotechnology
3. Agbiotech
4. Human Therapeutic
5. Vaccines
6. Medical device/Diagnostics
19
MAVCAP Biotech Sdn Bhd
Address
Level 11, Menara Bank Pembangunan, Bandar Wawasan, NO. 1016, Jalan Sultan Ismail, 50300 Kuala Lumpur
Telephone
+603 2050 3000
Fax
+603 2698 3800
Email
daniel@expedientequity.com
Size of
Investment
RM500,000 to RM3.5 million per portfolio
Fund Size
Source of
Capital
Government Agencies
Industry
Preference
Computer Related
Telecommunications
Type of
Financing
Minority Equity
Geographical
Preference
Southeast Asia
Portfolio
Management
Sit on Board
Financing
Role
Lead Investor
Preferred
Investment
Stage
Seed/R&D
Year Founded
2002
Management
Team
Managed by Expedient Equity Sdn Bhd
Contact
Person(s)
Mohd Daniel Bin Mat Noh
Company
Description
Mavcap Biotech Sdn Bhd is a fund company being managed by Expedient Equity Sdn Bhd, a venture capital
fund management company under First Malaysian Venture Capital Management Bhds (Mavcap) outsourcing
partner program launched in 2002. RM25.0 million fund allocated is part of the RM500.0 million allocation to
the Finance Ministry under the Eight Malaysia Plan.
Director
Other Information

33
13/5/09 1:38:39 PM
Portfolio
a) Fyto Elegance Sdn Bhd

b) Infinite Tests Solutions (M) Sdn Bhd
c) Aatomo Manufacturing (M) Sdn Bhd
d) IBG Bio Ventures Sdn Bhd
e) Ample Effect Sdn Bhd
f) Station Network (M) Sdn Bhd
g) Green Agrowares Technology Sdn Bhd
h) Mobile Wallet Sdn Bhd
i) MyMix Sdn Bhd
j) Redhot Media International Ltd
20
MAVCAP ICT Sdn Bhd
Address
Telephone
+603 7722 2561
Fax
+603-77222570
Email
dali@dtacapital.com
Website
www.dtacapital.com
Size of
Investment
RM17.5 million (Net Investible Fund)

Average size of investment is RM2 million
Fund Size
Source of
Capital
Government Agencies
Industry
Preference
Computer Related
Telecommunications
Type of
Financing
Equity Primarily
Geographical
Preference
Southeast Asia
Asia Pacific
Portfolio
Management
Sit on Board
Financing
Role
Lead Investor
Preferred
Investment
Stage
Seed/R&D
Year Founded
2001
Management
Team
Mavcap ICT Sdn Bhd is a Fund Company

governed by the Board of Directors
1. Datuk Dr Abdul Samad Hj Alias
2. Dali Bin Sardar
3. Mohd Husni Salleh
Director
Director
Director
Contact
Person(s)
1. Dali Bin Sardar

2. Tan Kong Cheng

Company
Description
Mavcap ICT Sdn Bhd is a fund company being managed by DTA Ventures Management Sdn Bhd, a venture
capital fund management company under First Malaysian Venture Capital Management Bhds (Mavcap)
outsourcing partner program launched in 2002. The fund allocated was part of the RM500.0 million allocation
to the Finance Ministry under the Eight Malaysia Plan.
Other Information
Mavcap ICT focuses on seed, early stages and start up companies mainly in the ICT sector. The fund is fully
invested and has divested two of its investment in mobile applications and bioinformatics. Its current portfolio
consists of companies involved in System Integration, Learning Management System, Wireless Networking
Solutions, Anti Jamming Security Solutions, Microservers and other ICT related solutions.
34
13/5/09 1:38:39 PM
Portfolio
Global Cybersoft Inc.

Norhtec Corporation
Bubble Motion Sdn Bhd
Strategic Benchmark Sdn Bhd
Sage Interactive Sdn Bhd
ELX Operating Systems Sdn Bhd
Vasunas Sdn Bhd
Wireless People Sdn Bhd
NTI International
Polarizone Technologies Sdn Bhd
HDOX Bioinformatics
21
MAVCAP Photonics Sdn Bhd
Address
Telephone
+603 2050 3000
Fax
+603 2698 3800
Size of
Investment
Maximum RM3 million per deal
Fund Size
Source of
Capital
Government Agencies
Industry
Preference
Type of
Financing
Equity Primarily
Portfolio
Management
Sit on Board
Financial Advice
Telecommunications
Electronic
Manufacturing
Phoronics
Financing
Role
Lead Investor
Geographical
Preference
Southeast Asia
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Year Founded
2001
Management
Team
Jerry Chin Kuet Lee
Director
Contact
Person(s)
Jerry Chin Kuet Lee
Director
Portfolio
22
MAVCAP Technology Sdn Bhd
Address
Telephone
+603 2050 3000
Fax
+603 2698 3800
Email
wss@ispringcapital.com
Website
www.mavcap.com
Other Information
Thin Film coating company
Network and home security specialist
GPS and RFID hardware and software design house
Mobile applications software house
Telecommunication infrastructure and application company
DNA and oligo synthesizer

35
13/5/09 1:38:40 PM
Size of
Investment
Fund Size
Source of
Capital
Government Agencies
Industry
Preference
Telecommunications
Type of
Financing
Equity Primarily
Geographical
Preference
Southeast Asia
Portfolio
Management
Sit on Board
Financial Advice
Financing
Role
Lead Investor
Preferred
Investment
Stage
Seed/R&D
Mezzanine/Pre-IPO
Year Founded
2001
Management
Team
Managed by iSpring Venture Management

Sdn Bhd
Contact
Person(s)
Wee Su San
23
Mayban Agro Fund Sdn Bhd (Formerly known as Jaringan

Gagasan Sdn Bhd)
Address
Telephone
+603 2032 2188
Fax
+603 2031 2188
Website
Size of
Investment
Unlimited
Fund Size
Source of
Capital
Government Agencies
Banks
Industry
Preference
Type of
Financing
Equity Primarily
Portfolio
Management

Financial Advice
Agriculture
Aquaculture
Fisheries
Horticulture
Biotechnology
Food Technology
Financing
Role
Lead Investor
Geographical
Preference
Malaysia
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Year Founded
2007
Management
Team
1. Zaini Bin Deni

Vice President
Contact
Person(s)
1. Zaini Bin Deni

Vice President
36
13/5/09 1:38:40 PM
Other Information
Company
Description
Mayban Agro Funds objective is to invest in agriculture, aquaculture and biotech-based private businesses.
The investment focus is to create and develop the integrated agro concept in Malaysia, thus benefiting not
only the larger industry players but also creating a spill over effect to the traditional farmers, breeders and
fishermen.
Portfolio
Pegagau Aquaculture Sdn Bhd (Pegagau)

Pegagaus principal activities are cultivation and marketing of aquaculture produce such as black tiger prawn.
Seng Fong Leong Sdn Bhd (SFL)
SFL is involved in tomato cultivation in Cameron Highlands.
24
Mayban Venture Capital Company Sdn Bhd
Address
Telephone
+603 2032 2188
Fax
+603 2031 2188
Website
Size of
Investment
On average RM5 million to RM7 million
Fund Size
Source of
Capital
Government Agencies
Banks
Industry
Preference
Computer Related
Manufacturing
Type of
Financing
Equity Primarily
Geographical
Preference
Malaysia
Portfolio
Management

Financial Advice
Financing
Role
Lead Investor
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Year Founded
2000
Management
Team
1. Zaini Bin Deni

Vice President
Contact
Person(s)
1. Zaini Bin Deni

Vice President
Company
Description
Mayban Venture Capital Company Sdn Bhd incorporated in Malaysia on November 2000 with total fund
value of RM150 million (USD44 million). The objectiveof this fund is to assist companies including SMEs by
participating in equity investments at various stages i.e. start-up, mezzanine and Pre-IPO in Information and
Communication Technology, Advance Manufacturing and Life Sciences. Foreign owned companies, which are
locally incorporated in Malaysia, are also eligible for capital participation.
Portfolio
Vivantis Technologies Sdn Bhd (VTSB)

VTSB is a company specializing in the production of enzymes for molecular biology. Vivantis has a unique
platform technology to screen, extract and produce valuable enzymes from bacteria.
Other Information
Healthlogic Sdn Bhd (HSB)

HSB is a healthcare information system company with private hospital clients in Malaysia and Indonesia. HSB
also has presence in China via YingShan Infocomm Pte Ltd.

37
13/5/09 1:38:41 PM
25
Mezzanine Capital (Malaysia) Sdn Bhd
Address
2.01, Amcorp Tower, No. 18 Jalan Persiaran Barat, 46050 Petaling Jaya, Selangor Darul Ehsan
Telephone
+603 7966 2300
Fax
+603 7966 2525
Email
tsk@amcorp.com.my
Size of
Investment
Fund Size
Source of
Capital
Corporations
Industry
Preference
Type of
Financing
Equity/Loans
Minority Equity
Majority Equity
Portfolio
Management
Sit on Board
Financial Advice
Agrotech
Marine/Maritime
Manufacturing
Consumer Products
Financing
Role
Lead Investor
Geographical
Preference
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Buy-Outs/Buy-Ins
Privatisation
Southeast Asia
Asia Pacific
Asia
Year Founded
1990
Management
Team
1. Ben Lee Keen Pong

2. Shalina Binti Azman
3. Shahman Bin Azman
Managing Director
Director
Director
Contact
Person(s)
1. S.R. Karthigasan
2. Tay Sing Kuan

Assistant Manager
26
Momentum STI Sdn Bhd
Address
Telephone
+603 2032 2188
Fax
+603 2031 2188
Website
Size of
Investment
Fund Size
Source of
Capital
Corporations
Industry
Preference
Type of
Financing
Equity Primarily
Computer Related
Telecommunications
Manufacturing
Portfolio
Management

Financial Advice
Geographical
Preference
Malaysia
Financing
Role
Lead Investor
Preferred
Investment
Stage
38
13/5/09 1:38:41 PM
Year Founded
1992
Management
Team
1. Zaini Bin Deni

Vice President
Contact
Person(s)
1. Zaini Bin Deni

Vice President
Company
Description
Momentum STI is an early-stage technology fund managed and invested by Mayban Venture Capital Company
Sdn Bhd (MVCC).
Other Information
With an investment size of RM20 million, Momentum STI focuses on investing as a first round investor.
Portfolio
Flare Studios Sdn Bhd (Flare Studios)

Flare Studios is a one stop digital studio that combines and blends 2D and 3D animation, multimedia
programming, audio and video production and post production together under one roof based on the standard
digital platform, offering various services ranging from short and long format to real time simulation.
Dataran Berlian Sdn Bhd (DBSB)
DBSB provides data logging and load monitoring services utilising their patented multiplexing technology. The
solutions and services will improve planning, operational and management of power distribution substations.
Tenaga Nasional Berhad is among DBSBs anchor clients.
Malaysian Genomics Research Centre (MGRC)
MGRC provides bio-informatics tools for research houses and universities. Its products provide cost effective
alternatives to ready-in-the-market informatics tools in Malaysia and abroad.
27
MSC Venture One Sdn Bhd
Address
MSC Headquarters, 2360 Persiaran APEC, 63000 Cyberjaya, Selangor
Telephone
+603 8315 3000
Fax
+603 8313 8522
Size of
Investment
RM3 million to RM5 Million
Fund Size
Source of
Capital
Government Agencies
Industry
Preference
Type of
Financing
Equity Primarily
Computer Related
Telecommunications
Media/Entertainment
Portfolio
Management
Sit on Board
Geographical
Preference
Financing
Role
Lead Investor
Southeast Asia
Asia Pacific
Asia
North America
Preferred
Investment
Stage
Seed/R&D
Year Founded
1999
Management
Team
1. Syed Izmi Syed Kamarul Bahrin

2. Amin Ashari Shafie

Investment Manager
Contact
Person(s)
1. Dato Badlisham Ghazali
Chairman

39
13/5/09 1:38:42 PM
Other Information
Company
Description
Formed in 1999, MSC Venture Corporation Sdn Bhd was tasked to manage Malaysias first ICT VC Fund, MSC
Venture One Sdn Bhd, (MV1).
With funds of RM120 million, MV1 was mandated to invest into start-ups, growth and pre-IPO stage companies
in the ICT industry.
Portfolio
Since inception, MV1 has invested in 23 companies in various fields of the ICT industry. The investments cover
Malaysia, Singapore, China and North America.
It has since listed 5 companies in Malaysia and US Bourses and has also exited in 5 other via trade sale.
28
Mutiara Makmur Ventures Sdn Bhd
Address
Telephone
+603 2732 5577
Fax
+603 2711 1209
Website
www.cimb.com
Size of
Investment
USD2 million to USD10 million
Fund Size
Source of
Capital
Corporations
Private Individuals
Industry
Preference
General mandate except construction and

property development
Type of
Financing
Minority Equity
Geographical
Preference
Malaysia
Portfolio
Management
Sit on Board
Financial Advice
Financing
Role
Lead Investor
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Year Founded
2006
Management
Team
1. Darawati Hussain
2. Ahmad Fariz Hassan
Director
Manager
Contact
Person(s)
1. Darawati Hussain
2. Ahmad Faris Hassan
Director
Manager
Company
Description
The objective of the fund is to provide Bumiputra Investors the opportunity to invest in an institutionally
managed private closed-end private equity fund. The Fund will participate in privately negotiated significant
minority investments in public or private companies in Malaysia. The Fund will indirectly provide the investors
with access to superior deal flows and a diversified and balanced portfolio in terms of sectors and industries.
At the same time, the Fund will also offer companies seeking Bumiputra equity an alternative investor with
clear investment objectives and ability to add value via its expertise and strong industry links.
Other Information
40
13/5/09 1:38:42 PM
29
Musharaka Tech Venture Sdn Bhd
Address
9-2, Platinum Walk, 2 Jalan Langkawi, Danau Kota, 53300 Setapak, Kuala Lumpur
Telephone
+603 4142 7285
Fax
+603 4143 6346
Email
noridzam@gmail.com
Size of
Investment
Between RM2 million to RM3.5 million per

deal
Fund Size
Source of
Capital
Government Agencies
Private Individuals
Industry
Preference
Type of
Financing
Equity Primarily
Minority Equity
Computer Related
Telecommunications
Portfolio
Management
Sit on Board
Financial Advice
Geographical
Preference
Southeast Asia
Financing
Role
Preferred
Investment
Stage
Year Founded
2007
Management
Team
1. Nor Idzam bin Yaakub

2. Hairul Hisham Soradi
Managing Director
Manager
Contact
Person(s)
1. Nor Idzam bin Yaakub
Managing Director
Other Information
Company
Description
Musharaka Venture is the first Islamic VC Company which invests in technology ventures primarily in this
country. Musharaka Venture just started our operation and hopes to grow the business over time.
Portfolio
Still processing some investment proposals and has yet to invest.
30
Netval Ventures Sdn Bhd
Address
802, Blok E, Phileo Damansara 1, Jalan 16/11, Off Jalan Damansara, 46350 Petaling Jaya
Telephone
+603 7665 2812
Fax
+603 7665 2718
Email
cdw@netvalvc.com
Website
www.netvalvc.com
Size of
Investment
Fund Size
Source of
Capital
Corporations
Private Individuals
Industry
Preference
Type of
Financing
Equity Primarily
Portfolio
Management
Sit on Board
Financial Advice
Computer Related
Telecommunications
Financial Service
Media/Entertainment

41
13/5/09 1:38:43 PM
Financing
Role
Lead Investor
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Year Founded
2000
Management
Team
1. Kuah Kee Kian

2. Chang Tat Cyan
Chief Executive Director

Executive Director
Contact
Person(s)
1. Chang Tat Cyan
Executive Director
31
OSK Technology Ventures Sdn Bhd
Address
15th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur
Telephone
+603 2161 7233
Fax
+603 2175 3322
Email
reagan.chan@osk.com.my
Website
www.osk.com.my
Size of
Investment
Not Fixed
Fund Size
Source of
Capital
Corporations
Industry
Preference
Type of
Financing
Equity Primarily
Minority Equity
Telecommunications
Portfolio
Management
Sit on Board
Geographical
Preference
Asia Pacific
Financing
Role
Lead Investor
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Year Founded
2002
Management
Team
1. Patrick Yee Chee Wai

2. Jason Lam Chi-Wye
3. Chan Ken Yew
Chief Operating Officer

Senior Vice President
Vice President
Contact
Person(s)
1. Reagan Chan
2. Steven Tong

Company
Description
The principal activity of OSK Technology Ventures (OSKTV) is the provision of venture capital business which
includes incubating high technology and high growth companies. OSKTV was registered as a Venture Capital
Corporation on 18 November 2002.
Portfolio
OSKTV invests and incubates companies that are mainly involved in the ICT and biosciences industry.
Geographical
Preference
Southeast Asia
Other Information
42
13/5/09 1:38:43 PM
32
OSK Venture Equities Sdn Bhd
Address
Telephone
+603 2161 7233
Fax
+603 2175 3322
Email
Website
www.osk.com.my
Size of
Investment
Not Fixed
Fund Size
Source of
Capital
Corporations
Industry
Preference
Type of
Financing
Equity Primarily
Minority Equity
Telecommunications
Portfolio
Management
Sit on Board
Geographical
Preference
Asia Pacific
Financing
Role
Lead Investor
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Year Founded
2002
Management
Team

3. Chan Ken Yew

Vice President
Contact
Person(s)
1. Reagan Chan
2. Steven Tong

Company
Description
The principal activity of OSK Venture Equities (OSKVE) is the provision of venture capital business which
includes incubating high technology and high growth companies. OSKVE was registered as a Venture Capital
Portfolio
OSKVE invests and incubates companies that are mainly involved in the ICT industry.
33
Oxfordtrax Sdn Bhd
Address
12, 2nd Floor, Jalan Tun Mohd Fuad 2, 60000 Taman Tun Dr. Ismail, Kuala Lumpur
Telephone
+603 7729 2080
Fax
+603 7722 5671
Email
pookmf@gmail.com
tsm3949@gmail.com
Size of
Investment
RM100,000 to RM3 million
Fund Size
Source of
Capital
Corporations
Private Individuals
Industry
Preference
Type of
Financing
Equity/Loans
Computer Related
Telecommunications
Other Information

43
13/5/09 1:38:43 PM
Portfolio
Management
Sit on Board
Financial Advice
Financing
Role
Lead Investor
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Year Founded
2006
Management
Team
1. Datuk Ali bin Abdul Kadir

2. Pook Mun Fee
3. Tan See Meng
Chairman
Chief Executive Office
Manager
Contact
Person(s)
1. Pook Mun Fee

2. Tan See Meng
Chief Executive Office

Manager
Portfolio
Microlink Solutions Bhd

Digitech MSC Sdn Bhd
34
Resilient One Sdn Bhd
Address
34, Jalan SS 6/8, Kelana Jaya, 47301 Petaling Jaya.
Telephone
+603 7880 8092
Fax
+603 7880 8094
Email
deren@zen.net.my
Size of
Investment
RM0.6 million
Fund Size
Source of
Capital
Private Individuals
Industry
Preference
Type of
Financing
Equity Primarily
Geographical
Preference
Southeast Asia
Portfolio
Management
Financing
Role
Preferred
Investment
Stage
Start-up/Early Stage
Year Founded
2005
Management
Team
Tan Kan Loong
Director
Contact
Person(s)
Tan Kan Loong
Director
Portfolio
1. Myputralink Sdn Bhd

2. Maslog IT Solutions Sdn Bhd
Geographical
Preference
Malaysia
Other Information
Other Information
44
13/5/09 1:38:44 PM
35
Singularity Ventures Sdn Bhd
Address
Unit No.1-3A, The Loft, Bangsar, No.2, Jalan Penaga, Bukit Bandaraya, 59100 Kuala Lumpur
Telephone
+603 2093 4044
Fax
+603 2093 8244
Email
fauzi@singularityvc.com
Size of
Investment
RM250,000 to RM1 million per investment
Fund Size
Source of
Capital
Private Individuals
Industry
Preference
Type of
Financing
Equity Primarily
Computer Related
Agrotech
Financial Service
Portfolio
Management
Sit on Board
Geographical
Preference
Southeast Asia
Middle East
Financing
Role
Preferred
Investment
Stage
Seed/R&D
Year Founded
2007
Management
Team
1. Ahmad Fauzi bin Ali

2. Sharifah Sabah Alsree
3. Mohamed Hanafi Ahmad
Director
Director
Manager
Contact
Person(s)
1. Ahmad Fauzi bin Ali
Director
Other Information
Company
Description
Singularity Ventures Sdn Bhd manages funds for angel investors who see opportunity in identifying start-ups
with unique technology and business models that have a high global reach potential. It is staffed by proven
technopreneurs who understand both the technology and the business to ensure a high level of success in all
partnerships formed.
Portfolio
Currently in biotechnology, IT software and internet services, business modeling or simulation. Details of
investee companies are available upon request.
36
Soligress Portfolio Sdn Bhd
Address
2-2 Jalan SS6/6, Kelana Jaya, 47301 Petaling Jaya
Telephone
+603 7880 4471
Fax
+603 7880 4472
Size of
Investment
RM1.4 million
Fund Size
Below RM5 million
Source of
Capital
Private Individuals
Industry
Preference
Type of
Financing
Equity Primarily
Geographical
Preference
Southeast Asia
Portfolio
Management

45
13/5/09 1:38:44 PM
Financing
Role
Preferred
Investment
Stage
Year Founded
2004
Management
Team
1. Ng Huat Chai
2. Ng Siok Meng
3. Ng Huat Tian
Director
Director
Director
Contact
Person(s)
1. Ng Siok Meng
2. Ng Huat Tian
Director
Director
Portfolio
1. Redhot Media Sdn Bhd

2. Insignet Sdn Bhd
3. Biocell Corporation Sdn Bhd
37
SpringHill Bioventures Sdn Bhd
Address
Level 4, No. 1, Jalan SS21/58, Damansara Uptown, 47400 Petaling Jaya, Selangor
Telephone
+44 1483 890 574
Fax
+44 1483 894 333
Email
angie.ang@affilionadvisory.com
Website
www.springhilluk.com
Size of
Investment
Largest RM19 million; Smallest RM3 million
Fund Size
Source of
Capital
Government Agencies
Corporations
Insurance Companies
Industry
Preference
Type of
Financing
Equity Primarily
Geographical
Preference
Portfolio
Management
Sit on Board
Financial Advice
Southeast Asia
Europe
North America
Financing
Role
Lead Investor
Preferred
Investment
Stage
Seed/R&D
Other Information
Year Founded
Management
Team
Managed by Springhill Management Sdn Bhd
Contact
Person(s)
1. Angie Ang
2. Cameron Denny
46
Director
Manager of Springhill Management Sdn Bhd
13/5/09 1:38:45 PM
38
Teak Ventures Sdn Bhd
Address
#22-01, Menara Dion, No. 27 Jalan Sultan Ismail, 50250 Kuala Lumpur
Telephone
+603 2031 2202
Fax
+603 2031 2205
Email
info@teakcapital.com.my
Website
www.teakcapital.com.my
Size of
Investment
Up to RM6 million per investment
Fund Size
Source of
Capital
Government Agencies
Corporations
Private Individuals
Industry
Preference
Type of
Financing
Equity Primarily
Minority Equity
Portfolio
Management
Sit on Board
Financial Advice
Financing
Role
Lead Investor
Computer Related
Telecommunications
Electronic
Agrotech
Manufacturing
Media/Entertainment
High growth leveraging on technology
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Buy-Outs/Buy-Ins
Geographical
Preference
Southeast Asia, primarily Malaysia

Asia Pacific
North America
Year Founded
2008
Management
Team
Chok Kwee Bee
Director
Contact
Person(s)
Chok Kwee Bee
Director
Company
Description
Teak Ventures Sdn Bhd (Teak Ventures) is the inaugural venture capital fund managed by Teak Capital Sdn
Bhd (Teak Capital). Teak Capital is a technology focused venture capital management corporation and is a
partner under Malaysia Venture Capital Management Berhads (MAVCAP) Second Outsource Partners Program
(OSP2).
Other Information
Teak Capitals investments are focused on Information Communication Technology (ICT) and high growth
sectors leveraging on technology.
The team at Teak Capital brings in experience in venture capital investment, technology & industry knowledge,
corporate operations and access to global resources that provide invaluable results to its investors and
assistance to early and mezzanine stage companies to grow. The team at Teak Capital diligently works hand
in hand with entrepreneurs to bring the best values out of the companies and grow their business together as
partners.
39
Technology Asia Ventures Sdn Bhd
Address
Unit 50-07-02, Tingkat 7, Wisma UOA Damansara, No 50 Jalan Dungun, Damansara Heights,
50490 Kuala Lumpur
Telephone
+603 2092 3277
Fax
+603 2092 5077

47
13/5/09 1:38:45 PM
Size of
Investment
Fund Size

(Fully invested)
Source of
Capital
Banks
Industry
Preference
Plantation and Coal mining
Type of
Financing
Equity Primarily
Geographical
Preference
Southeast Asia
Portfolio
Management
Financing
Role
Preferred
Investment
Stage
Buy-Outs/Buy-Ins
Year Founded
2000
Management
Team
1. Lei Lin Thai

2. Wong Ah Kow
Contact
Person(s)
1. Lei Yee Leong

2. Teh Chee Ghee
40
THG Capital Sdn Bhd
Address
Unit 50-07-02, Tingkat 7, Wisma UOA Damansara, No 50 Jalan Dungun, Damansara Heights, 50490 Kuala
Lumpur
Telephone
+603 2092 3277
Fax
+603 2092 5077
Size of
Investment
Fund Size

(Fully invested)
Source of
Capital
Banks
Industry
Preference
Plantation and Coal mining
Type of
Financing
Equity Primarily
Geographical
Preference
Southeast Asia
Portfolio
Management
Financing
Role
Preferred
Investment
Stage
Buy-Outs/Buy-Ins
Year Founded
2002
Management
Team
1. Lei Lin Thai

2. Yau Kim Yung
Contact
Person(s)
1. Lei Yee Leong

2. Teh Chee Ghee
Director
Director
48
Director
Director
13/5/09 1:38:46 PM
41
Trans Econ Ventures Sdn Bhd
Address
1) 18-2, Jalan 1/76 C, Desa Pandan, 55100 Kuala Lumpur

2) Suite B-09-04 & 05, Plaza Mont Kiara, No 2, Jalan Kiara, 50480 Mont Kiara, Kuala Lumpur
Telephone
+603 9281 6588 / +603 6210 3773
Fax
+603 9281 6598 / +603 6210 1223
Email
asgari@intelligentvc.com
Size of
Investment
Fund Size
Source of
Capital
Private Individuals
Industry
Preference
Type of
Financing
Equity / Loans
Minority Equity
Majority Equity
Agrotech
Power
Financial Service
Media/Entertainment
Portfolio
Management
Sit on Board
Financial Advice
Geographical
Preference
Southeast Asia
Asia
Financing
Role
Lead Investor
Preferred
Investment
Stage
Seed/R&D
Mezzanine/Pre-IPO
Year Founded
2000
Management
Team
1. Asgari bin Mohd Fuad Stephens

2. Yeoh Liew Se
Executive Director
Executive Director
Contact
Person(s)

2. Yeoh Liew Se
Executive Director
Executive Director
42
VF Capital Sdn Bhd
Address
Sublot 1187 & 1188, Lot 901, Blok 9, MCLD, Miri Waterfront, P.O. Box 2175, 98008 Miri, Sarawak
Telephone
+608 5426 000
Fax
+608 5420 029
Email
kpchia@vitalfocus.com.my
Website
www.vfcapital.com.my
Size of
Investment
Fund Size
Source of
Capital
Private Individuals
Industry
Preference
Type of
Financing
Majority Equity
Geographical
Preference
Southeast Asia
Asia Pacific
Portfolio
Management
Sit on Board
Financial Advice
Financing
Role
Lead Investor

49
13/5/09 1:38:46 PM
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Year Founded
2005
Management
Team
1. Chia Kah Pheng

2. Chan Seng Kam

Senior Manager
Contact
Person(s)
1. Chia Kah Pheng

2. Chan Seng Kam

Senior Manager
Company
Description
VF Capital focuses mainly in the ICT sector with interest in e-commerce, solutions providers, etc.
Other Information
TechnoDex Bhd(Listed on MESDAQ)

Alam Teknokrat Sdn Bhd
Regalia Leader Sdn Bhd
50
13/5/09 1:38:46 PM
Details of Registered Venture Capital Management Corporations (VCMCs)
Arris Venture Management Sdn Bhd
Address
39, Jalan Kenari 17C, Bandar Puchong Jaya, 47100 Puchong, Selangor Darul Ehsan
Telephone
+603 8076 3063
Fax
+603 8073 1232
Email
llh@arris-group.com
Size of
Investment
In the range of RM1 million to RM5 million
Fund Size
Below RM5 million
Source of
Capital
Private Individuals
Industry
Preference
Type of
Financing
Equity Primarily
Portfolio
Management
Sit on Board
Financial Advice
Computer Related
Telecommunications
Electronic
Agrotech
Financial Service
Financing
Role
Lead Investor
Geographical
Preference
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Southeast Asia
Asia Pacific
Asia
Europe
Year Founded
2003
Management
Team
1. Dato Paduka Khairuddin bin Abu Hassan

2. Chew Por Yan
3. Loh Lim Hock
Director
Director
Director
Contact
Person(s)
1. Chew Por Yan

2. Loh Lim Hock
Director
Director
Company
Description
Arris Venture Management complements Arris Venture Sdn Bhd in investment portfolio management,
corporate matchmaking, listing & divestment, entrepreneurs development program, etc.
Banyan Ventures Sdn Bhd
Other Information
For details, please refer to Banyan Venture One Sdn Bhd in the VCC list.
BTV Management Sdn Bhd

For details, please refer to Bumiputera and Technology Venture Capital Sdn Bhd in the VCC list.
Cache Capital (M) Sdn Bhd
Address
23-2, Jalan PJU 8/3B, Bandar Damansara Perdana, Petaling Jaya, 47480 Selangor
Telephone
+603 7710 6218
Fax
+603 7710 6219
Email
ytk@cachecapital.com
Website
www.cachecapital.com

MVCDC 2009 - VCMCs.indd 51
51
13/5/09 1:40:32 PM
Size of
Investment
Flexible
Fund Size
Source of
Capital
Private Individuals
Industry
Preference
Agrotech
Consumer Products
Type of
Financing
Minority Equity
Geographical
Preference
Southeast Asia
Portfolio
Management
Financial Advice
Financing
Role
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Year Founded
2004
Management
Team
1. Yeo Tien Kiong

2. Eddie Lee
3. Siah Yang Tit
Director
Vice President
Director
Contact
Person(s)
Yeo Tien Kiong
Director
CAV Private Equity Management Sdn Bhd
Address
Telephone
+603 2732 5577
Fax
+603 2711 1209
Website
www.cimb.com
Size of
Investment
Fund Size
Source of
Capital
Government Agencies
Banks
Corporations
Pension Funds
Private Individuals
Industry
Preference
A general mandate would covering all sectors
Type of
Financing
Equity Primarily
Minority Equity
Majority Equity
Geographical
Preference
Southeast Asia
Portfolio
Management
Sit on Board
Financial Advice
Financing
Role
Lead Investor
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Buy-Outs/Buy-Ins
Privatisation
52
13/5/09 1:40:33 PM
Year Founded
1997
Management
Team
1. Darawati Hussain
2. Daniel Hoh
3. Muhd. Azraini Hamid
Director
Director
Senior Manager
Contact
Person(s)
1. Darawati Hussain
2. Daniel Hoh
3. Muhd. Azraini Hamid
Director
Director
Senior Manager
Other Information
Company
Description
CAV Private Equity Management Sdn Bhd is an entity within CIMB Private Equity and Venture Capital (PEVC).
PEVC is a leading manager of private equity and venture capital funds in Malaysia with total assets under
management of over USD223 million.
Portfolio
CIMB Private Equity Advisors Sdn Bhd
Address
Telephone
+603 2732 5577
Fax
+603 2711 1209
Website
www.cimb.com
Size of
Investment
Fund Size
Source of
Capital
Government Agencies
Banks
Corporations
Pension Funds
Private Individuals
Industry
Preference
A general mandate covering all sectors
Type of
Financing
Equity Primarily
Minority Equity
Majority Equity
Geographical
Preference
Southeast Asia
Portfolio
Management
Sit on Board
Financial Advice
Financing
Role
Lead Investor
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Buy-Outs/Buy-Ins
Privatisation
Year Founded
2001

53
13/5/09 1:40:33 PM
Management
Team
1. Darawati Hussain
2. Daniel Hoh
Director
Director
Contact
Person(s)
1. Darawati Hussain
2. Daniel Hoh
Director
Director
Company
Description
CIMB Private Equity Advisors Sdn Bhd is an entity within CIMB Private Equity and Venture Capital (PEVC).
Other Information
PEVC is a leading manager of private equity and venture capital funds in Malaysia with total assets under
management of over USD223 million.
Portfolio
Across the CIMB Private Equity and Venture Capital funds, we currently have a portfolio of over 50 companies.
These portfolio companies and businesses include: Alam Maritim, Alfamart, Burger King, Mahmood Security,
Kibaru Manufacturing, Scans Associates, Vital Remarks, etc.
We have invested and exited many companies including: IMU, Big Tree, QSR Brands and Alam Maritim. These
investments have demonstrated significant growth and progress since our initial investment. They have also
posted IRRs of over 50 percent upon exits.
CMS Opus Private Equity Sdn Bhd
Address
Level 33 (Suite A), Menara MAXIS, Kuala Lumpur City Centre, 50088 Kuala Lumpur
Telephone
+603 2031 9008
Fax
+603 2031 4008
Email
ainaazhani@opus.com.my
Size of
Investment
Fund Size
Source of
Capital
Corporations
Industry
Preference
Marine/Maritime
Manufacturing
Consumer Products
Oil & Gas Services
Type of
Financing
Equity Primarily
Equity/Loans
Minority Equity
Majority Equity
Geographical
Preference
Southeast Asia
Portfolio
Management
Sit on Board
Financial Advice
Financing
Role
Lead Investor
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Buy-Outs/Buy-Ins
PIPE Financing
Privatisation
Year Founded
2005
Management
Team
1. En. Azam Bin Azman

2. Mr. Shaun Chan
3. En. Adi Arman Bin Abu Osman
Managing Director
Advisor/Principal
Vice President
Contact
Person(s)
1. En. Adi Arman Bin Abu Osman

2. Ms. Ong Li Po
Vice President
Assistant Vice-President
54
13/5/09 1:40:34 PM
Other Information
Company
Description
CMS Opus Private Equity Sdn Bhd (COPE) was established in 2005 as a joint-venture between Cahya Mata
Sarawak Bhd, a Kuching-based conglomerate and Opus Capital Sdn Bhd, an independent investment advisory
firm. The Company is registered with Securities Commission as a VCMC since 2005.
COPE is one of the few principal-run private equity fund management company in Malaysia and comprises of
investment professionals of multi-disciplinary background with combined experience of over 40 years in both
Malaysia and Asian region.
Portfolio
1. A maritime/ oil and gas related company

Investment amount: circa RM25 million
Investment type: Expansion
2. An oil and gas services company
Investment amount: circa RM20 million
Investment type: Expansion
HDM Capital Management Sdn Bhd
(formerly known as DBS HDM Capital Management Sdn Bhd)
Address
Level 7, Wisma Sri Pinang, 60 Green Hall, 10200 Penang
Telephone
+604 2636 996
Fax
+604 2610 443
Email
cykang@hdbs.com.my
Size of
Investment
RM10 Million
Fund Size
Source of
Capital
Corporations
Industry
Preference
Type of
Financing
Minority Equity
Portfolio
Management
Sit on Board
Electronic
Manufacturing
Consumer Products
Hospitality/Leisure
Media/Entertainment
Financing
Role
Lead Investor
Geographical
Preference
Southeast Asia
Preferred
Investment
Stage
Year Founded
2005
Management
Team
Lilian Kang Chooi Yong
Contact
Person(s)
Lilian Kang Chooi Yong
Company
Description
The principal activity of the Company are to provide management services, investment advisory and related
consultancy services and to carry on business as an investment holding company.
DTA Venture II Sdn Bhd
Other Information
For details, please refer to DTA Growth Capital Sdn Bhd in the VCC list.

55
13/5/09 1:40:34 PM
10
DTA Ventures Management Sdn Bhd
Address
No. 24A, Jalan Datuk Sulaiman, Taman Tun Dr. Ismail, 60000 Kuala Lumpur
Telephone
+603 7722 2560
Fax
+603 7722 2570
Email
kctan@dtacapital.com
Website
www.dtacapital.com
Size of
Investment
Fund Size

(Fully Invested)
Source of
Capital
Government Agencies
Industry
Preference
Computer Related
Telecommunications
Type of
Financing
Equity/Loans
Geographical
Preference
Asia Pacific
Asia
Portfolio
Management
Sit on Board
Financial Advice
Financing
Role
Lead Investor
Preferred
Investment
Stage
Seed/R&D
Mezzanine/Pre-IPO
Year Founded
2001
Management
Team
1. Dali bin Sardar

2. Tan Kong Cheng
3. Muhammad Naim bin Yunus
4. Nikhil Chandulal Kothari
Director
Director
Chief Technology Officer
Chief Financial Controller
Contact
Person(s)
1. Tan Kong Cheng

2. Dali bin Sardar
Director
Director
11
Ethos Capital Sdn Bhd
For details, please refer to Ethos Capital One Sdn Bhd in the VCC list.
12
Expedient Equity Sdn Bhd
Address
E3A03A, Jalan PJU8/1, Metropolitan Square Office, Damansara Perdana,

47820 Petaling Jaya, Selangor
Telephone
+603 7722 1368
Fax
+603 7728 8186
Email
jason@expedientequity.com
Size of
Investment
RM500,000 to RM3.5 million per portfolio
Fund Size
Source of
Capital
Government Agencies
Industry
Preference
Type of
Financing
Minority Equity
Computer Related
Telecommunications
56
13/5/09 1:40:35 PM
Portfolio
Management
Sit on Board
Financing
Role
Lead Investor
Preferred
Investment
Stage
Seed/R&D
Year Founded
2002
Management
Team
1. Mohd Daniel Mat Noh

2. Jason Ng Heng Sin

Contact
Person(s)

Director
Director
Company
Description
Expedient Equity Sdn Bhd is a venture capital fund management company under First Malaysian Venture
Capital Management Bhds (Mavcap) outsourcing partner program launched in 2002. It is currently managing
a RM25.0 million fund of Mavcap Biotech Sdn Bhd as part of the RM500 million allocation to the Finance
Ministry under the Eight Malaysia Plan.
Portfolio
a) Fyto Elegance Sdn Bhd

b) Infinite Tests Solutions (M) Sdn Bhd
c) Aatomo Manufacturing (M) Sdn Bhd
d) IBG Bio Ventures Sdn Bhd
e) Ample Effect Sdn Bhd
f) Station Network (M) Sdn Bhd
g) Green Agrowares Technology Sdn Bhd
h) Mobile Wallet Sdn Bhd
i) MyMix Sdn Bhd
j) Redhot Media International Ltd
13
Expedient Equity Two Sdn Bhd
Address
E3A03A, Jalan PJU8/1, Metropolitan Square Office, Damansara Perdana,

47820 Petaling Jaya, Selangor
Telephone
+603 7722 1368
Fax
+603 7728 8186
Email
jason@expedientequity.com
Size of
Investment
RM1.5 million to RM4 million per portfolio
Fund Size
Source of
Capital
Government Agencies
Corporations
Private Individuals
Industry
Preference
Type of
Financing
Minority Equity
Computer Related
Telecommunications
Advance Material
Portfolio
Management
Sit on Board
Geographical
Preference
Financing
Role
Lead Investor
Southeast Asia, specifically Malaysia

Asia Pacific
Asia
Preferred
Investment
Stage
Seed/R&D
Geographical
Preference
Southeast Asia
Other Information

57
13/5/09 1:40:36 PM
Year Founded
2007
Management
Team

Partner
Partner
Contact
Person(s)

Director
Director
Other Information
Company
Description
Expedient Equity Two Sdn Bhd is a venture capital fund management company under the Second Malaysian
Venture Capital Management Bhds (Mavcap) outsourcing partner program launched in 2007. The company is
managing a total fund size of RM30.3 million of Expedient Equity Ventures Sdn Bhd, focusing on investment in
emerging growth companies within the ICT sectors in Malaysia and in the region.
Portfolio
a) Neudia Holding Limited

b) IQ Global Sdn Bhd
c) Fibon Bhd
d) EA Global Holdings Limited
e) Century Software (M) Sdn Bhd
f) Newszapped Media (M) Sdn Bhd
14
FirstFloor Capital Sdn Bhd
Address
7th Floor, PNB Damansara, 19 Lorong Dungun, Damansara Heights, 50490 Kuala Lumpur
Telephone
+603 2093 4044
Fax
+603 2093 8244
Email
nizar@firstfloorcapital.com
Website
www.firstfloorcapital.com
Size of
Investment
Fund Size
Source of
Capital
Government Agencies
Banks
Corporations
Insurance Companies
Pension Funds
Private Individuals
Industry
Preference
Computer Related
Telecommunications
Manufacturing
Type of
Financing
Equity Primarily
Minority Equity
Geographical
Preference
Asia
Portfolio
Management
Sit on Board
Financing
Role
Lead Investor
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Buy-Outs/Buy-Ins
Year Founded
2000
Management
Team

3. Muhammad Zauqi Abdullah
Managing Director
Investment Director
Investment Director
Contact
Person(s)

Managing Director
Investment Director
58
13/5/09 1:40:36 PM
Other Information
Company
Description
FirstFloor Capital Sdn Bhd manages both private and institutional funds and has invested in technology
companies ranging from nutraceuticals to artificial intelligence and in stages ranging from seed to premezzanine. However, with the current economic condition, we are focusing on investments in companies
which are at mezzanine as well as buy-out stages.
Portfolio
1. Inertia AIF Sdn Bhd

2. Inflexion PEF Sdn Bhd
3. Continuum Capital Sdn Bhd
15
Goldis Capital Sdn Bhd
Address
Penthouse, Menara Tan & Tan, 207, Jalan Tun Razak, 50400 Kuala Lumpur
Telephone
+603 2163 1111
Fax
+603 21637020
Email
colin@goldis.com.my
Year Founded
31 January 2007
Management
Team
Colin Ng Cho Leng
Head of Corporate Investment
Contact
Person(s)
Victor Lim Jin Yew
Asst. Mgr. Corp. Investment
Fund Size
The company has not commenced operations. The company is looking to kick-start in the fourth quarter of 2009.
16
Ingenious Haus Sdn Bhd
Address
Suite 168, A-G-3A, North Point, Midvalley City, No.1, Medan Syed Putra Utara, 59200 Kuala Lumpur
Telephone
+603 2161 5403
Fax
+603 2161 3618
Email
info@ingenioushaus.com
Website
www.ingenioushaus.com
Size of
Investment
Up to RM5 million per deal
Fund Size
Source of
Capital
Corporations
Private Individuals
Industry
Preference
Type of
Financing
Equity/Loans
Minority Equity
Majority Equity
Portfolio
Management
Sit on Board
Financial Advice
Financing
Role
Lead Investor
Telecommunications
Agrotech
Power
Manufacturing
Consumer Products
Financial Service
Hospitality/Leisure
Media/Entertainment
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Buy-Outs/Buy-Ins
PIPE Financing
Privatisation
Geographical
Preference
Southeast Asia

59
13/5/09 1:40:37 PM
Year Founded
2004
Management
Team
1. William Du
2. Bernard Koh
3. Judith Ng

Executive Director
Associate Director
Contact
Person(s)
1. William Du
2. Bernard Koh

Executive Director
Other Information
Company
Description
Ingenious Haus Group is a boutique corporate advisory firm committed to helping entrepreneurs and mid-sized
companies accelerate growth and create value. Our wealth of experience and industry expertise enables
us to assist entrepreneurs in developing solutions to deal with complexity and challenges of the business
environment today.
We offer comprehensive range of funding solutions and expansion capital to entrepreneurs in growing
their business. We share and manage risk with entrepreneurs. We work with companies closely to add and
ultimately realize value, through well defined exit strategies.
17
Intelligent Capital Sdn Bhd
Address
1) 18-2, Jalan 1/76 C, Desa Pandan, 55100 Kuala Lumpur

2) Suite B-09-04 & 05, Plaza Mont Kiara, No 2, Jalan Kiara, 50480 Mont Kiara, Kuala Lumpur
Telephone
+603 9281 6588 / +603 6210 3773
Fax
+603 9281 6598 / +603 6210 1223
Email
asgari@intelligentvc.com
Website
www.intelligentvc.com
Size of
Investment
Fund Size
Source of
Capital
Private Individuals
Industry
Preference
Type of
Financing
Equity/Loans
Minority Equity
Majority Equity
Agrotech
Power
Financial Service
Media/Entertainment
Portfolio
Management
Sit on Board
Financial Advice
Geographical
Preference
Southeast Asia
Asia
Financing
Role
Lead Investor
Preferred
Investment
Stage
Seed/R&D
Mezzanine/Pre-IPO
Year Founded
2000
Management
Team

2. Yeoh Liew Se
Executive Director
Executive Director
Contact
Person(s)

2. Yeoh Liew Se
Executive Director
Executive Director
60
13/5/09 1:40:37 PM
18
Intrasys Sdn Bhd
Address
Level 3, Menara Bank Pembangunan, Bandar Wawasan 1016, JAlan Sultan Ismail, 50724 Kuala Lumpur
Telephone
+603 2692 2962
Fax
+603 2697 3343
Email
jasmani@intrasys9.net
Website
www.intrasys9.net
Size of
Investment
Fund Size
Source of
Capital
Private Individuals
Industry
Preference
Type of
Financing
Equity Primarily
Portfolio
Management

Financial Advice
Biotech/Life Sciences
Agrotech
Marine/Maritime
Manufacturing
Consumer Products
Media/Entertainment
Financing
Role
Participating in Syndicates
Geographical
Preference
Southeast Asia
Preferred
Investment
Stage
Year Founded
1998
Management
Team
1. Jasmani bin Abbas

2. Aminuddin bin Abdul Rahman
Director
Director
Contact
Person(s)

Director
Director
Company
Description
Intrasys Sdn Bhd and Bank Pembangunan Malaysia Bhd (BPMB) jointly owned Pembangunan Ekuiti Sdn Bhd in
the ratio of 45:55 favoring Bank Pembangunan Malaysia Bhd Apart from partnering with BPMB, Intrasys in turn
is the mandated outsource partner Pembangunan Ekuiti Sdn Bhd in managing the RM1.0 billion SME Growth
Acceleration Fund Sdn Bhd.
19
iSpring Venture Management Sdn Bhd
Address
P-2-6 Plaza Damas, No. 60, Jalan Sri Hartamas 1, 50480 Kuala Lumpur
Telephone
+603 6203 3906
Fax
+603 6203 2915
Email
enquiries@ispringcapital.com
Website
www.ispringcapital.com
Size of
Investment
Fund Size
Source of
Capital
Government Agencies
Industry
Preference
Type of
Financing
Equity Primarily
Telecommunications
Electronic
Consumer Products
Other Information

61
13/5/09 1:40:38 PM
Portfolio
Management
Sit on Board
Financial Advice
Financing
Role
Lead Investor
Participate in Syndications
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Year Founded
2002
Management
Team
1. David Fong Seow Kee

2. Wee Su San
Chairman
Contact
Person(s)
Wee Su San
20
Kenanga Private Equity Sdn Bhd
Address
Suite 4.11, 4th Floor Kenanga International, Jalan Sultan Ismail, 50250 Kuala Lumpur
Telephone
+603 2164 9820 / +603 2164 9080
Fax
+603 2162 9814
Email
kenanga@kenanga.com.my
andrew@kenanga.com.my
Website
www.kenanga.com.my
Size of
Investment
RM10 million
Fund Size
Source of
Capital
Banks
Corporations
Pension Funds
Industry
Preference
Manufacturing
Consumer Products
Type of
Financing
Equity/Loans
Geographical
Preference
Southeast Asia
Asia
Portfolio
Management
Sit on Board
Financing
Role
Lead Investor
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Buy-Outs/Buy-Ins
Year Founded
1997
Management
Team
1. Iskander Bin Ismail Mohamed Ali

2. Lee Kok Khee
3. Andrew Ho Tho Kong
Director
Acting Chief Executive Officer
Director/Head, Investment Banking
Contact
Person(s)
Andrew Ho Tho Kong
Director/Head, Investment Banking Officer
21
Kumpulan Modal Perdana Sdn Bhd
Address
Suite 7.02, Level 7, The Gardens South Tower, Midvalley City, Lingkaran Syed Putra, 59200 Kuala Lumpur
Telephone
+603 2264 5288
Fax
+603 2264 5388
Website
www.modalperdana.com
Geographical
Preference
Southeast Asia
Asia Pacific
62
13/5/09 1:40:39 PM
Size of
Investment
RM250,000 to RM7.6 million per company
Fund Size
Source of
Capital
Government Agencies
Industry
Preference
Type of
Financing
Equity Primarily
Minority Equity
Portfolio
Management
Sit on Board
Financial Advice
Computer Related
Telecommunications
Electronic
Media/Entertainment
Advance Material
Financing
Role
Geographical
Preference
Southeast Asia, specifically China

North America
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Year Founded
2001
Management
Team
1. Mohammad Hazani Bin Hassan

2. Badrul Hisham Bin Jaafar
3. Yarham Bin Yunus

Contact
Person(s)
1. Mohammad Hazani Bin Hassan

2. Badrul Hisham Bin Jaafar

Company
Description
Kumpulan Modal Perdana Sdn Bhd (Modal Perdana), a wholly owned company of Malaysias Minister of
Finance Inc, is currently managing RM190 million technology venture funds. Modal Perdana embarks on
investing in fund of funds in the Silicon Valley, US and in China through its off-shore set up in Labuan for high
growth technology-based investments. Modal Perdana also invest in promising Malaysian companies with
global prospects through its Perdana Fund and Plug & Play Technology Holdings Fund.
Portfolio
LOCAL COMPANIES
1. Green Packet Bhd
2. BSL Corporation Bhd
3. ETI Tech Corp Bhd
4. BCT Tech Bhd
5. NextNation Comm. Bhd
6. Express Asia Bhd
7. Red Hot Media Sdn Bhd
8. Air Broadband Sdn Bhd
9. Orogenic Holdings Bhd
10. Fibon Bhd
11. Pictureworks Sdn Bhd
12. EA Global Holdings
13. Prestariang System Sdn Bhd
14. Simugen Asia Sdn Bhd
15. Bimbit.Com Sdn Bhd
16. Adexcel Online Networks Sdn Bhd
22
Malaysia Venture Capital Management Bhd
Address
Level 10, Menara Bank Pembangunan, 1016, Jalan Sultan Ismail, Bandar Wawasan, 50300 Kuala Lumpur
Telephone
+603 2050 3000
Fax
+603 2698 3800
Email
zura@mavcap.com
Website
www.mavcap.com.my
Other Information
INTERNATIONAL COMPANIES
1. W&W Communications Inc
2. Sabio Lab Inc
3. Ibrix Inc
4. Symmid Semiconductor Technology Inc
5. CYCLOS Semiconductor Inc
6. Fusion Ops Inc
7. Multigig Inc
8. AArohi Communication Inc
9. Cenway Pharmaceutical Co. Ltd
10. Teknova Holdings Ltd
11. Stelcom Information Technology Co. Ltd
12. Environmental Holding Pte. Ltd
13. Solar*Tec AG
14. Shanghai Zesun Navigation Electron Technology Co. Ltd
15. JinkoSolar Holding Co. Ltd (Desun Group)

63
13/5/09 1:40:39 PM
Size of
Investment
Fund Size
Source of
Capital
Government Agencies
Industry
Preference
Type of
Financing
Equity Primarily
Portfolio
Management
Sit on Board
Financial Advice
Computer Related
Telecommunications
Electronic
Financial Service
Media/Entertainment
Financing
Role
Lead Investor
Geographical
Preference
Preferred
Investment
Stage
Seed/R&D
Mezzanine/Pre-IPO
Southeast Asia
Asia Pacific
Asia
Year Founded
2001
Management
Team
1. Husni Salleh
2. Anwar Jumabhoy
3. Amirusddin Azahar
4. Vincent Ye
5. Shaik Taufik Shaik Yusoff

Senior Vice President - Investment
Senior Vice President - Agency
Contact
Person(s)
1. Nur Baidzurah Mohd. Ali

2. Suzanna Kassim
Vice President - Corporate Services

Vice President Operations
Company
Description
Incorporated in 2001 by the Malaysian Government, Malaysia Venture Capital Management Bhd (MAVCAP)
is the nations largest venture capital (VC) firm. It focuses on investments in the local information,
communications and technology sector (ICT).
Other Information
MAVCAP was founded to realize the Governments twin objective of developing the VC industry and
encouraging entrepreneurship in the technology sector. In order to deliver on the mandate given, the Company
on its part has made the following its mission:
To groom venture capitalists
Empower entrepreneurs to create wealth
Generate attractive returns for its investments
The firm provides an alternative source of high-risk financing for start-ups, seed and early stage, mezzanine
and up to IPO ventures in the ICT sector and high-growth industries.
The Company commonly invests for a period of 5 to 8 years in seed, start-ups, and early stage companies,
during which it holds a Board position and drives key management decisions. Initial investments of RM1
million to RM3 million are complemented with Mezzanine allocations valued at RM5 million to RM10 million
to see companies through to the pre-IPO stage.
In later stage investments, MAVCAP typically keeps its investment in the venture for between 3 and 5 years.
Portfolio
64
Calltime Technologies Sdn Bhd

Network-based telephony solutions
http://www.calltime.com.au
Qubeconnect Sdn Bhd

Converged multi-services telecommunication solution
http://www.qubeconnect.com
CPK Solutions
www.cpksolutions.com.au
Corentix Technologies Sdn Bhd

Cryptography biometric engine
13/5/09 1:40:40 PM
Eco Packaging Sdn Bhd

Bio-degradable packaging
www.ecopak.com.my
Cyngus Technologies Sdn Bhd

Toll Free Network Services developer
http://www.cyngus.com.my
Enlightened Innovative Solutions Sdn Bhd

Ultra High Luminosity LED solutions
Elemental Ventures Sdn Bhd

Digital sound production studio
http://www.imaginexstudios.com
Flowmore Engineering Sdn Bhd

Palm mill effluent treatment system
FIBON
http://www.fibon.com.my
Global Oddyssey Corporation

GameBrains Sdn Bhd
Games/entertainment title development
http://www.gamebrains.com
Ncore Systems Sdn Bhd

Banking and identity solution system
www.ncore.com.my
GS Production Sdn Bhd

Production of high-definition documentaries
http://www.gsproductions.com.my
Tripod Entertainment Sdn Bhd
Production of original animation IPs for TV or DVD release
http://www.tripod-ent.com
Omnilogic Sdn Bhd

Set-top box recording system
http://www.omnilogic.com.my
NuSuara Technologies Sdn Bhd
Speech recognition software
http://www.nusuara.com
Wireless People (M) Sdn Bhd

Wireless sensors network
http://www.wireless-people.com
Polarizone Technologies Sdn Bhd

Wireless secure network
http://www.polarizone.com
Tecforte Sdn Bhd

Intelligent security management system
http://www.tecforte.com
Printelli Sdn Bhd

Printing cost estimating software
http://www.printelli.com
Vantage Point Consulting Sdn Bhd

SAP solution provider
http://www.vantage-intl.com
Sigmax eServices Sdn Bhd

Business Process Outsourcing
http://www.sigmax-e.com
T-Melmax Global Sdn Bhd
Payroll payment system
www.t-melmax.com
23
Malaysian Technology Development Corporation Sdn Bhd
Address
Level 8-9, Menara Yayasan Tun Razak, Jalan Bukit Bintang, 55100 Kuala Lumpur
Telephone
+603 2172 6000
Fax
+603 2163 7570
Email
comms@mtdc.com.my
Website
www.mtdc.com.my
Size of
Investment
Not Fixed
Fund Size
Source of
Capital
Government Agencies
Industry
Preference
Type of
Financing
Minority Equity
Portfolio
Management
Sit on Board
Financial Advice
Electronic
Agrotech
Manufacturing
Advance Material/Advance Manufacturing

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13/5/09 1:40:40 PM
Financing
Role
Lead Investor
Preferred
Investment
Stage
Seed/R&D
Mezzanine/Pre-IPO
Year Founded
1992
Management
Team
1. Norhalim Yunus
2. Jamaludin Bujang
3. Rashidan Shah Abdul Rahim
4. Mariamah Hj Daud
5. Muhd Shaman Bakar
6. Affeiz Abdul Razak
7. Mohammad Farish Nizar Othman
8. Zahariah Zabidin

Director, Investment
Director, MLSCF and Special Projects
Director, Technology Funding Programme
Director, Incubation and Nurturing
Head, Internal Audit
Senior Vice President I, CEO Office
Senior Vice President II, CEO Office
Contact
Person(s)
Norhalim Yunus
Company
Description
Malaysian Technology Development Corporation (MTDC) was set up by the Government of Malaysia in 1992
to spearhead the development of technology businesses in Malaysia. Its initial role was to concentrate on
the promotion and commercialization of local research and invests in new ventures that can bring in new
technologies from abroad. From those investment activities, MTDC has evolved to become a venture capital
outfit and has been the leading venture capitalist in the country.
24
Malaysian Ventures Management Incorporated Sdn Bhd
Address
Level 15, Bangunan AmBank Group, No. 55, Jalan Raja Chulan, 50200 Kuala Lumpur
Telephone
+603 2078 2392
Fax
+603 2072 8253
Email
francis-ng@ambg.com.my
Size of
Investment
Up to RM20 million
Fund Size
Source of
Capital
Banks
Pension Funds
Industry
Preference
Type of
Financing
Equity Primarily
Portfolio
Management
Sit on Board
Financial Advice
Electronic
Marine/Maritime
Power
Manufacturing
Consumer Products
Financial Service
Financing
Role
Lead Investor
Geographical
Preference
Southeast Asia
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Buy-Outs/Buy-Ins
PIPE Financing
Privatisation
Year Founded
1985
Geographical
Preference
Southeast Asia
North America
Asia Pacific
Asia
Middle East
Europe
Central America
South America
Other Information
66
13/5/09 1:40:41 PM
Management
Team

2. Lim Yong Lee

Contact
Person(s)
Francis Ng Lin Fatt
Company
Description
Malaysian Ventures Management Incorporated (MVMI) is a registered VCMC and is managing the RM100
million private equity fund called AmPrivate Equity. Target sectors are manufacturing concerns in key growth
industries. business services, resource-based manufacturing, environmental services, energy services,
logistics services, and promising information and communications technology (ICT) companies with proven
track record. MVMI will also invest in Malaysian companies seeking equity capital for regional expansion
and/or regional acquisition opportunities.
Portfolio
Soon Soon Oilmills Sdn Bhd

CDS Freight Holdings Limited
IEV Energy Sdn Bhd
25
Mayban Ventures Sdn Bhd
Address
Telephone
+603 2032 2188
Fax
+603 2031 2188
Website
Size of
Investment
Unlimited
Fund Size
Source of
Capital
Government Agencies
Banks
Corporations
Insurance Companies
Pension Funds
Industry
Preference
No preferred industry
Type of
Financing
Equity Primarily
Geographical
Preference
Southeast Asia
Portfolio
Management

Financial Advice
Financing
Role
Lead Investor
Preferred
Investment
Stage
Start-up/Early Stage
Mezzanine/Pre-IPO
Buy-Outs/Buy-Ins
Year Founded
1993
Management
Team
1. Zaini Bin Deni

Vice President
Contact
Person(s)
1. Zaini Bin Deni

Vice President
Company
Description
Mayban Ventures Sdn Bhd (Mayban Ventures) is a private equity management company whose shareholders
are Malayan Banking Bhd (70%) and Aseambankers Malaysia Bhd (30%). The Company which was
incorporated in February 1993 is licensed/registered with Securities Commission of Malaysia.
Other Information
Other Information
Being part of the growing private equity investment community, we pool capital from institutional and high net
worth investors to fund and manage portfolios of privately held investments.

67
13/5/09 1:40:42 PM
Mayban Ventures manages several private equity funds which invest in companies who need long term risk
capital to finance new projects and business expansion including risk capital to restructure and turnaround
distressed companies, in turn provides opportunities for the funds investors to participate in the enhanced
value of such companies after completion of such exercise.
As partner and manager in an investee company, Mayban Ventures works towards realizing an above average
returns for all shareholders in the investee company. During the investment holdings period, Mayban
Ventures will assist its investee company in mapping strategic directions, providing corporate and business
development services and accessing other forms of funding and services available within the Malayan Banking
Group.
Portfolio
a) Vasa International Sdn Bhd Water- Resistant Laminated Flooring Manufacturer.

b) Vasa International (Malaysia) Sdn Bhd is a specialist manufacturer of superior water-resistant quality
laminate flooring.
26
MSC Venture Corporation Sdn Bhd

For details, please refer to MSC Venture One Sdn Bhd in the VCC list.
27
MIDF Amanah Ventures Sdn Bhd
Address
Level 20, Menara MIDF, 82, Jalan Raja Chulan, 50200 Kuala Lumpur
Telephone
+603 2173 8888
Fax
+603 2173 8897
Email
tanhengchee@midf.com.my
Website
www.midf.com.my
Size of
Investment
Up to RM5 Million
Fund Size
Source of
Capital
Government Agencies
Industry
Preference
Type of
Financing
Equity Primarily
Portfolio
Management
Sit on Board
Marine/Maritime
Manufacturing
Hospitality/Leisure
Waste Management
Financing
Role
Lead Investor
Geographical
Preference
Malaysia
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Year Founded
1990
Management
Team
Tan Heng Chee
Acting Deputy Chief Executive Officer
Contact
Person(s)
Tan Heng Chee
Acting Deputy Chief Executive Officer
28
Musharaka Venture Management Sdn Bhd
For details, please refer to Musharaka Tech Venture Sdn Bhd in the VCC list.
68
13/5/09 1:40:42 PM
29
Netrove Partners Sdn Bhd
Address
No.39A, Jalan SS21/60, Damansara Utama, 47400 Petaling Jaya, Selangor
Telephone
+603 7722 3363
Fax
+603 7722 4361
Email
kimseng@netrove.com
Website
www.netrove.com
Size of
Investment
RM500,000 to RM5 million
Fund Size
Source of
Capital
Private Individuals
Industry
Preference
Type of
Financing
Equity Primarily
Minority Equity
Portfolio
Management
Sit on Board
Financial Advice
Computer Related
Telecommunications
Electronic
Manufacturing
Consumer Products
Media/Entertainment
Financing
Role
Lead Investor
Geographical
Preference
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Buy-Outs/Buy-Ins
Southeast Asia
Asia Pacific
Asia
Year Founded
1999
Management
Team
1. Teh Kim Seng

2. Chu Tzu Ming
3. Chung Yew Pong
Chairman
Partner
Vice President
Contact
Person(s)
1. Teh Kim Seng

2. Chung Yew Pong
Chairman
Vice President
30
Netval Management Sdn Bhd
For details, please refer to Netval Ventures Sdn Bhd in the VCC list.
31
OSK Private Equity Management Sdn Bhd
Address
Telephone
+603 2161 7233
Fax
+603 2175 3322
Email
Website
www.osk.com.my
Size of
Investment
Not Fixed
Fund Size
Source of
Capital
Corporations
Industry
Preference
Type of
Financing
Equity Primarily
Minority Equity
Telecommunications

69
13/5/09 1:40:43 PM
Portfolio
Management
Sit on Board
Financing
Role
Lead Investor
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Year Founded
2002
Management
Team

3. Chan Ken Yew

Vice President
Contact
Person(s)
1. Reagan Chan
2. Steven Tong

Company
Description
The principal activity of OSK Private Equity Management Sdn Bhd (OSKPEM) is the management of
investments in securities of venture companies. OSKPEM was registered as a Venture Capital Management
Portfolio
OSKPEM manages OSK Ventures International Bhd (OSKVI) Group of venture capital funds and as such, does
not have any portfolio directly.
32
Pembangunan Ekuiti Sdn Bhd
Address
Level 3, Menara Bank Pembangunan, Bandar Wawasan, 1016, Jalan Sultan Ismail, 50724 Kuala Lumpur
Telephone
+603 2692 2962
Fax
+603 2697 3343
Email
jasmani@pekuiti.com
Size of
Investment
RM2 Million to RM5 million
Fund Size
Source of
Capital
Government Agencies
Industry
Preference
Type of
Financing
Equity Primarily
Portfolio
Management
Sit on Board
Active in Management Advice
Financial Advice
Financing
Role
Lead Investor
Participating in Syndicates
Computer Related
Telecommunications
Agrotech
Marine/Maritime
Manufacturing
Consumer Products
Media/Entertainment
Preferred
Investment
Stage
Geographical
Preference
Malaysia
Geographical
Preference
Asia Pacific
Other Information
Year Founded
1994
Management
Team

3. Tairuddin bin Yusoff
Chief Executive Officer/Director

Director
Contact
Person(s)

Chief Executive Officer/Director

Director
70
13/5/09 1:40:44 PM
Other Information
Company
Description
Pembangunan Ekuiti is a subsidiary of Bank Pembangunan Malaysia Bhd. The company is currently managing
SME Growth Acceleration Fund Sdn Bhd with initial fund size of RM200 million.
Portfolio
Number of investee under SME Growth Acceleration Fund Sdn Bhd is 27 companies covering ICT, oil and gas,
component manufacturing and assembly, food processing and distribution as well as other general services
sectors.
33
Photonics Venture Capital Sdn Bhd
Address
18-9-A, Gurney Tower, Persiaran Gurney, 10250 Penang
Telephone
+604 2268 510
Fax
+604 2298 510
Email
eng@photonicsvc.com
Website
www.photonics.com
Size of
Investment
Maximum RM3 million per deal
Fund Size
Source of
Capital
Government Agencies
Industry
Preference
Type of
Financing
Equity Primarily
Computer Related
Telecommunications
Electronic
Manufacturing
Media/Entertainment
Portfolio
Management
Sit on Board
Financial Advice
Geographical
Preference
Southeast Asia
Financing
Role
Lead Investor
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Year Founded
2001
Management
Team
1. Jerry Chin
2. Lim Theng Eng

Investment Director
Contact
Person(s)
1. Jerry Chin
2. Lim Theng Eng

Investment Director
34
RHB Private Equity Holdings Sdn Bhd
Address
Level 12, Tower Three, Rhb Centre, Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia
Telephone
+603 9280 5134
Fax
+603 9287 2233 / +603 9287 3355
Website
www.rhb.com.my
Size of
Investment
Fund Size

71
13/5/09 1:40:45 PM
Source of
Capital
Industry
Preference
Energy Support Services

Healthcare
Industrials
Materials
Type of
Financing
Equity Primarily
Minority Equity
Portfolio
Management
Sit on Board
Financial Advice
Geographical
Preference
Southeast Asia, specifically Malaysia and

Singapore
Asia Pacific
Financing
Role
Lead Investor
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Buy-Outs/Buy-Ins
Privatisation
Year Founded
2006
Management
Team
1. Rafidz Rasiddi
2. Foong Chong Lek
Head Of Investment Banking

Senior Manager
Contact
Person(s)
Rafidz Rasiddi
Head Of Investment Banking
Company
Description
RHB Private Equity seeks growing and resilient companies in our preferred sectors of energy support services,
healthcare, industrials and materials. We wish to work with entrepreneurs and owners who have built strong
fundamentals and now desire to bring their businesses to the next level.
35
SCS Capital Sdn Bhd
Address
D-7-1, Block D, Megan Avenue 1, 189 Jalan Tun Razak, 50400 Kuala Lumpur
Telephone
+603 2162 2260 / +603 2162 2386
Fax
+603 2162 6950
Email
rahman2020@gmail.com
Website
www.scscapital.com
Size of
Investment
RM5 million
Fund Size
Source of
Capital
Private Individuals
Industry
Preference
Type of
Financing
Equity Primarily
Telecommunications
Agrotech
Consumer Products
Portfolio
Management
Sit on Board
Financial Advice
Geographical
Preference
Southeast Asia
Financing
Role
Lead Investor
Preferred
Investment
Stage
Seed/R&D
Year Founded
2006
Other Information
72
13/5/09 1:40:45 PM
Management
Team
1. Rahman Ali Bin Abdul Wahab

2. Habeeb Mohamed Abdul Hameed
3. Mohd Bilal Abdullah
Director
Director
Director
Contact
Person(s)
1. Rahman Ali Bin Abdul Wahab

2. Habeeb Mohamed Abdul Hameed
Director
Director
Company
Description
SCS Capital is very much focusing on Nanotechnology and pharmaceutical related companies for the time
being. On managing funds, we are planning to be more active in sourcing funding from China in the near future
as private funds interests have decreased due to economic crisis.
Portfolio
To date, SCS Capital has only invested in Nanopharm Technologies (M) Sdn Bhd but we are in the midst of
negotiating with another company for our next investment.
36
Spring Hill Management Sdn Bhd
Address
1) C-3-7, Plaza Damas, 60, Jalan Sri Hartamas 1, Sri Hartamas, 50480 Kuala Lumpur
2) P.O. Box 822, Guildford, Surrey GU5 0ZR, United Kingdom
Telephone
+603 6203 2390
Fax
+603 6203 2108
Email
angie.ang@affilionadvisory.com
camerondenny@springhilluk.com
Website
www.springhilluk.com
Size of
Investment
USD500,000 and above
Fund Size
Source of
Capital
Government Agencies
Corporations
Insurance Companies
Industry
Preference
Type of
Financing
Equity Primarily
Equity/Loans
Minority Equity
Majority Equity
Geographical
Preference
Asia
Europe
North America
Portfolio
Management
Sit on Board
Financial Advice
Financing
Role
Lead Investor
Preferred
Investment
Stage
Seed/R&D
Year Founded
2003
Management
Team
1. Datuk Dr Kim Tan

2. Cameron Denny
Chairman / Director
Finance Manager
Contact
Person(s)
1. Angie Ang
2. Cameron Denny
Director
Finance Manager
Other Information
Other Information
Company
Description
SpringHill is a venture capital fund management company specializing in the field of life sciences, focusing
upon early stage investments and development capital.
The SpringHill team has extensive scientific and technical knowledge of this highly complex and challenging
industry. In addition, the team has a considerable degree of entrepreneurial and business expertise gained in
life sciences companies in the US, Europe and Asia. These are companies the team members have personally
created, managed, grown and listed as founders, investors, directors, mentors and executives.

73
13/5/09 1:40:45 PM
Portfolio
Europe
1. Bioventixs proprietary antibody technology was developed to generate very high affinity sheep monoclonal
antibodies (SMAs) with significantly greater affinities than those generated by conventional technologies
(e.g. mouse monoclonal antibodies). The improved target-binding properties of SMAs enable them to used
in various diagnostic assay formats with improved selectivity, sensitivity and precision.
Bioventix clients are leading multinational diagnostic companies including Abbott Laboratories, Roche,
Dade Behring, Beckman Coulter and Biomerieux.
Bioventix is also developing therapeutic antibodies using its technology for oncology and biodefence
applications.
www.bioventix.com
2. Psimei Pharmaceuticals is developing boron-based drugs for applications in Photon Activation Therapy (PAT).
This involves the use of standard radiotherapy to activate boron-based compounds which selectively target
solid tumors. This results in an amplification of the therapeutic effect of conventional radiotherapy. Pre-clinical
data for Psimeis lead product, PP200PAT, has demonstrated 90 percent true cure rates at 6 months in tumor
models compared with 30 percent for conventional radiotherapy alone. It also enabled much shorter treatment
regimes, i.e. within days as opposed to weeks. This drug is being prepared for clinical development.
www.psimei.co.uk
3. Sphere Medical is developing highly innovative monitoring products to provide clinical and economic benefits
in the critical care environment, based on the companys proprietary technology. The products allow minimally
invasive, real time measurement of clinical chemistry parameters and therapeutic drug concentrations, giving
healthcare professionals the information they require to more effectively manage therapy and optimize patient
outcomes. Sphere Medical was founded in 2002 and is based in Cambridge, UK.
www.spheremedical.com
Malaysia
4. Alpha Biologics is an independent contract biomanufacturing organisation offering FDA/EMEA cGMP
compliant services to the worldwide pharmaceutical and biotechnology industry. Initial process
development is undertaken by Alphas highly experienced team in Cambridge, England, before being
transferred to the new 5,000 sq meter facility in Malaysia for final process technology transfer and
manufacturing of biologics drugs for pre-clinical and clinical trials. The facility has been designed to
produce primarily mammalian cell secreted proteins, including monoclonal antibodies and recombinant
proteins. Future expansion will be in two stages a fill/finish operation and a microbial cell facility.
Managed by a team of specialists with significant cGMP manufacturing experience in the US and
Europe that will ensure the highest standards of production and regulatory compliance. The company is
headquartered in the UK.
www.alphabiologics.com
5. Progenix Research is an independent contract research organization offering toxicology services to the
world-wide pharmaceutical, biotechnology, agrochemical and industrial chemical industries. It is a newly
formed, independent contract research organization with laboratory facilities currently under construction in
Penang, Malaysia. The companys European headquarters are based in Malvern, England, and it also has a
histopathology laboratory in Edinburgh, Scotland. A high quality, yet cost-efficient service for toxicology and
associated studies will be offered, including studies on pharmaceuticals, biotechnology products, medical
devices, food additives, agrochemicals, biocides, and specialty chemicals.
www.progenixresearch.com
6. GMX Biotech Malaysia is a joint-venture between GeneMedix plc, UK and the Penang Development
Corporation for the manufacture of recombinant human insulin. This will be the first recombinant human
insulin plant in South East Asia. A 1500 m2 facility will be constructed on the Penang Biotech Park and each
25,000 liter fermenter will be capable of producing significant amounts of insulin per annum. GMX Biotech
Malaysia will export insulin to the global as well as regional markets.
www.genemedix.com
India
7. Marksans Pharma (formerly Glenmark Laboratories) is one of the fastest growing pharmaceutical
companies in India, with a focused approach on creating a world-class, global and fully integrated
pharmaceutical company. Its manufacturing plant is one of the largest in Asia and is approved by UKMCHRA and Australian-TGA authorities. Marksans focus is to become a preferred supplier for formulation
74
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outsourcing by first world countries, develop a marketing presence in the EU and, through a combination of
licensing and partnering, become a significant integrated pharmaceutical company. It has just completed
the reverse takeover of TASC Pharmaceuticals, a publicly quoted API company, to form a corporation valued
at USD120 million.
www.marksanspharma.com
United States
8. MEC Dynamics, based in San Francisco, California, is developing a point of care device for testing HbA1c
levels in diabetic patients. HbA1c is a key diagnostic marker of a patients risk for diabetes complications.
Currently, the vast majority of these tests are undertaken in central laboratories a costly and timeconsuming process. The MEC device will allow diabetic patients and their physicians to get immediate
HbA1c test results. This will enable more careful and real time management of a patients glucose levels.
In time, the device will accommodate numerous rapid and inexpensive physiological tests.
www.mecdynamics.com
37
Tech And Bio Incubator Sdn Bhd
Address
2A-5, Jalan SS6/6, Kelana Jaya, 47301, Petaling Jaya
Telephone
+603 7805 4692
Fax
+603 7880 6212
Email
fariza@techbio-inc.com
Size of
Investment
Fund Size
Source of
Capital
Private Individuals
Industry
Preference
Type of
Financing
Equity Primarily
Geographical
Preference
Southeast Asia
Portfolio
Management
Financing
Role
Preferred
Investment
Stage
Year Founded
2004
Management
Team
1. Ng Huat Chai
2. Ng Siok Meng
3. Ng Huat Tian
Director
Director
Director
Contact
Person(s)
1. Ng Siok Meng
2. Ng Huat Tian
Director
Director
38
Teak Capital Sdn Bhd
Address
#22-01, Menara Dion, No. 27 Jalan Sultan Ismail, 50250 Kuala Lumpur
Telephone
+603 2031 2202
Fax
+603 2031 2205
Email
info@teakcapital.com.my
Website
www.teakcapital.com.my

75
13/5/09 1:40:46 PM
Size of
Investment
Up to RM6 million per investment
Fund Size
Source of
Capital
Government Agencies
Corporations
Private Individuals
Industry
Preference
Type of
Financing
Equity Primarily
Minority Equity
Portfolio
Management
Sit on Board
Financial Advice
Financing
Role
Lead Investor
Computer Related
Telecommunications
Electronic
Agrotech
Manufacturing
Media/Entertainment
High growth leveraging on technology
Preferred
Investment
Stage
Mezzanine/Pre-IPO
Buy-Outs/Buy-Ins
Geographical
Preference
Southeast Asia, specifically Malaysia

Asia Pacific
North America
Year Founded
2008
Management
Team
1. Chok Kwee Bee

2. Chong Chee Khen
3. Eliza Noordin
Managing Director
Vice President
Contact
Person(s)
1. Chok Kwee Bee

2. Chong Chee Khen
Managing Director
Company
Description
Teak Capital Sdn Bhd (Teak Capital) is a technology focused venture capital management corporation based in
Kuala Lumpur. Teak Capital is a partner under Malaysia Venture Capital Management Bhds (MAVCAP) Second
Outsource Partners Program and currently manages its inaugural fund, Teak Ventures Sdn Bhd.
Other Information
Teak Capitals investments are focused on Information Communication Technology (ICT) and high growth
sectors leveraging on technology.
The team at Teak Capital brings in experience in venture capital investment, technology & industry knowledge,
corporate operations and access to global resources that provide invaluable results to its investors and
assistance to early and mezzanine stage companies to grow. The team at Teak Capital diligently works hand
in hand with entrepreneurs to bring the best values out of the companies and grow their business together as
partners.
39
Trupartners Sdn Bhd
Address
M-2-1, Plaza Damas, No. 60, Jalan Hartamas 1, 50480 Kuala Lumpur
Telephone
+603 6203 3030
Fax
+603 6203 3131
Email
nortalib@trupartners.com.my
Website
www.trupartners.com.my
Size of
Investment
Fund Size
Source of
Capital
Banks
Industry
Preference
Agrotech
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13/5/09 1:40:47 PM
Type of
Financing
Equity Primarily
Portfolio
Management
Sit on Board
Financing
Role
Lead Investor
Preferred
Investment
Stage
Geographical
Preference
Southeast Asia
Year Founded
2007
Management
Team
1. Norazharuddin bin Abu Talib

2. Zainal Abidin bin Abas
Managing Director
Executive Director
Contact
Person(s)
1. Norazharuddin bin Abu Talib

2. Zainal Abidin bin Abas
Managing Director
Executive Director
40
Zenith Capital Partners Sdn Bhd
Address
34, Jalan SS6/8, Kelana Jaya, 47301 Petaling Jaya
Telephone
+603 7880 8092
Fax
+603 7880 8094
Email
deren@zen.net.my
Size of
Investment
RM2 million
Fund Size
Below RM5 million
Source of
Capital
Private Individuals
Industry
Preference
Type of
Financing
Equity Primarily
Geographical
Preference
Southeast Asia
Portfolio
Management
Financing
Role
Preferred
Investment
Stage
Year Founded
2004
Management
Team
1. Tan Kan Loong

2. Kenneth Chai
3. Tay Kim Yong
Director
General Manager
Corporate Finance Manager
Contact
Person(s)
1. Tan Kan Loong

2. Kenneth Chai
Director
General Manager
Portfolio
Other Information
Myputralink Sdn Bhd
Maslog IT Solutions Sdn Bhd
Redhot Media Sdn Bhd
Insignet Sdn Bhd
Biocell Corporation Sdn Bhd

77
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13/5/09 1:32:53 PM
Malaysian Venture Capital

& Private Equity Association
Established on 27 February 1995, the Malaysian Venture
Capital & Private Equity Association (MVCA) is tasked
to promote and develop the local venture capital and
private equity industry in line with the nations vision of
achieving a fully developed nation by 2020. Its main
thrusts are to:
P RO M OT E
Promotion Promote and develop the venture capital and private equity
industry as a source of equity financing for businesses.
Cooperation Collaborate with international venture capital associations
and encourage joint efforts among members and other organizations.
Alliances Facilitate business funding or investment-seeking, and alliances
between trade groups and members.
FAC I L I TAT E
Representation Represent members views to government, public
authorities and bodies.
Interaction Facilitate regular discussions by organizing meetings and
networking functions between members, government agencies ad industry
groups.
D E V E LO P
Training Develop capacity building and encourage high standards of
professionalism by organizing forums, talks, seminars and conferences.
Research Stimulate research and analysis of venture capital and private
equity investments, and disseminate commercial statistics related to the
industry.
Information Publish newsletter and website containing activities of
members and potential venture opportunities.
Malaysian Venture Capital & Private Equity Association

26-3, Plaza Damansara, Jalan Medan Setia 2, Bukit Damansara, 50490 Kuala Lumpur
Tel : +603-2096 2094
MVCDC 2009 - Adverts.indd 78
Fax : +603 2095 8992
Email : info@mvca.org.my
13/5/09 2:00:42 PM
13/5/09 2:00:44 PM
9 Expansion / development
capital (to mid- and late

stage companies), where
businesses need additional
funding to take it to the
next level of growth
9 Mezzanine investment
9 Management buyouts
9 Distressed debts
9 Privately negotiated stakes
in publicly listed
companies as part of a
strategic stake or as part
of capital injection to
revive companies
9 Operationally viable
companies in turnaround
situations and with
distressed equity
situations where there is
opportunity to be a
strategic investor.
As a principal-run firm, CMS Opus Private Equity (COPE)

is able to make decisions which are longer term in nature
and with a greater degree of continuity and not subjected
to the uncertainties of changes in the management team.
The principals are Malaysians who have been working
together for more than 10 years with combined experience
of well over 40 years, not just in Malaysia, but in the Asian
region as well. This well rounded skill set is unique among
private equity firms in Malaysia and is a reason for our fast
turnaround time and strong value adding capability.
COPE embodies the traditional risk taking merchant
banking culture where ability to spot profitable investment
opportunities coupled with the introduction of risk capital
are put alongside capital market skills to enhance your
business.
For more information, please give us a call at
+603 2031 9008.
CMS Opus Private Equity Sdn Bhd

(Company No. 694013-H)
Level 33 (Suite A), Menara Maxis, Kuala Lumpur City Centre,
50088 Kuala Lumpur
Tel: +6 03 2031 9008 Fax: +6 03 2031 4008
13/5/09 2:00:47 PM
e
n
g
t
13/5/09 2:00:49 PM
c List of Press Releases, Keynote Addresses &

Welcoming Remarks
This section lists out the relevant write ups in relation to venture capital developments/events held
previously in Malaysia which can be downloaded from the SCs website (www.sc.com.my)
1
Title
SC registers first foreign venture capital corporation
Date
29 September 2008
Category
Press Release
Event
Islamic Venture Capital & Private Equity Conference 2008

Taking the Lead in Developing a Robust Islamic VC & PE Industry
Date
7 May 2008
Venue
Shangri-La Hotel, Kuala Lumpur
Presented by
YBhg Dato Dr. Nik Ramlah Nik Mahmood

Managing Director, Securities Commission Malaysia
Category
Keynote Address
Event
INCEIF Inaugural Intellectual Discourse Series II
Date
Thursday, 24 May 2007
Venue
Securities Commission, Kuala Lumpur
Presented by

Chairman, Securities Commission
Category
Welcoming Remarks
Title
Malaysian venture capital industry strengthens foothold among

institutional investors
Date
6 May 2007
Category
Press Release
Event
Venture Capital Roundtable 2007
Date
Friday, 4 May 2007
Venue
Presented by

Category
Welcoming Remarks
Event
Venture Capital Investors Forum 2006
Date
Monday, 21 August 2006
Venue
Presented by

Category
Welcoming Remarks
83
c Common Terminologies Used in the Venture

Capital Industry
Acquisition: The process of gaining control, possession or ownership of a private portfolio company by
an operating company or conglomerate.
Add-on Service: Add-on Services are the services provided by a venture capitalist that are not
monetary in nature, such as helping to assemble a management team and helping to prepare the
company for an IPO.
Adventure Capitalist: Adventure capitalist is an entrepreneur who helps other entrepreneurs financially
and often plays an active role in the companys operations such as by occupying a seat on the board of
directors, etc.
Alternative Assets: This term describes non-traditional asset classes. They include private equity,
venture capital, hedge funds and real estate. Alternative assets are generally more risky than traditional
assets, but they should, in theory, generate higher returns for investors.
Anti-dilution provisions: Anti-dilution Provisions are contractual measures that allow investors to
keep a constant share of a firms equity in light of subsequent equity issues. These may give investors
preemptive rights to purchase new stock at the offering price. Examples include Broad-Based Weighted
Average Ratchet, Narrow-Based Weighted Average Ratchet, and Full Ratchet Anti-dilution.
Asset Allocation: The percentage breakdown of investment portfolio. This shows how the investment
is divided among different asset classes. These classes include shares, bonds, property, cash and
overseas investments. Institutions structure their allocation to balance risk and ensure they have
diversified portfolio. The asset classes produce range of returns for example, bonds provide a low but
steady return, equities a higher but riskier return. Cash has guaranteed return. Effective asset allocation
maximizes returns while covering liabilities.
Benchmarking: Comparing returns of a portfolio to the returns of its peers; in private equity, fund
performance is benchmarked against a sample of funds formed in the same vintage year with the same
investment focus.
Blind Pool: Blind pool is a form of limited partnership which doesnt specify what investment
opportunities the general partner plans to pursue.
Burn Rate: The rate at which a company expends net cash over a certain period, usually a month.
Business Plan: A document that describes the entrepreneurs idea, the market problem, proposed
solution, business and revenue models, marketing strategy, technology, company profile, competitive
landscape, as well as financial data for coming years. The business plan opens with a brief executive
summary, most probably the most important element of the document due to the time constraints of
venture capital funds and angels.
84
Buyout: Buyout is defined as the purchase of a company or a controlling interest of a corporations

shares or product line or some business. A leveraged buyout is accomplished with borrowed money or
by issuing more stock.
Capital (or Assets) Under Management: The amount of capital available to a fund management team
for venture investments.
Capital Distribution: These are the returns that an investor in a private equity fund receives. It is the
income and capital realized from investments less expenses and liabilities. Once a limited partner has
had their cost of investment returned, further distributions are actual profit. The partnership agreement
determines the timing of distributions to the limited partner. It will also determine how profits are
divided among the limited partners and general partners.
Capital Gains: The difference between an assets purchase price and selling price, when the selling price
is greater. Long-term capital gains (on assets held for a year or longer) are taxed at a lower rate than
ordinary income.
Carried Interest: The portion of any gains realized by the fund to which the fund managers are entitled,
generally without having to contribute capital to the fund. Carried interest payments are customary in
the venture capital industry, in order to create a significant economic incentive for venture capital fund
managers to achieve capital gains.
Committed Capital: The total dollar amount of capital pledged to a private equity fund.
Committed Funds or Raised Funds: Capital committed by investors. Cash to the maximum of these
commitments may be requested or drawn down by the private equity managers usually on a deal-bydeal basis. This amount is different from invested funds for three reasons. First, most partnerships
will initially invest only between 80 percent and 95 percent of committed funds (possibly even less).
Second, it may be necessary in early years to deduct the annual management fee that is used to cover
the cost of operation of a fund. Third, payback to investors usually begins before the final draw down
of commitments has taken place. To the extent that capital invested does not equal capital committed,
limited partners will have their private equity returns diluted by the much lower cash returns earned
on the uninvested portion. Avoiding this situation is the main reason for the Partners Group overcommitment model, which aims to keep Partners Group products as close 100% invested as possible.
Corporate Venturing: Venture capital provided by in-house investment funds of large corporations to
further their own strategic interests.
Deal Flow: The measure of the number of potential investments that a fund reviews in any given period.
Deal Structure: An Agreement made between the investor and the company defining the rights and
obligations of the parties involved. The process by which one arrives at the final term and condition of
the investment.
Debt Financing: Debt Financing means when a firm raises money for working capital or capital
85
expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for
lending the money, the individuals or institutions become creditors and receive a promise to repay
principal and interest on the debt.
Direct Financing: Direct financing is a financing without the use of underwriting. Direct financing is
often done by investment bankers.
Dividend Cover: the amount by which companys dividends are exceeded by post-tax earnings.
Double Dip: Participating preferred stock which entitles a holder to a liquidation preference and also to
participate in the residual value.
Drive by Deal: is a slang often use when referring to a deal in which a venture capitalist invests in
a startup with a goal of a quick exit strategy. The VC takes little to no role in the management and
monitoring of the startup.
Due Diligence: A process undertaken by potential investors individuals or institutions to analyze
and assess the desirability, value, and potential of an investment opportunity.
Early Stage: A state of a company that typically has completed its seed stage and has a founding or
core senior management team, has proven its concept or completed its beta test, has minimal revenues,
and no positive earnings or cash flows.
Exits (AKA divestments or realizations): The means by which a private equity firm realizes a return on
its investment. Private equity investors generally receive their principal returns via a capital gain on the
sale or flotation of investments. Exit methods include a trade sale (most common), flotation on a stock
exchange (common), a share repurchase by the company or its management or a refinancing of the
business (least common). A Secondary purchase of the LP interest by another private equity firm are
becoming an increasingly common phenomenon.
Exit Route: Exit Route is the method by which an investor would realize an investment.
Full Ratchet: Full ratchet is an investor protection provision which specifies that options and convertible
securities may be exercised relative to the lowest price at which securities were issued since the
issuance of the option or convertible security. The full ratchet guarantee prevents dilution, since the
proportionate ownership would stay the same as when the investment was initially made.
Fund age: The age of a fund (in years) from its first takedown to the time an IRR is calculated.
Fund Focus : The indicated area of specialization of a venture capital fund usually expressed as
Balanced, Seed and Early Stage, Later Stage, Mezzanine or Leveraged Buyout (LBO).
Fund of funds: A fund set up to distribute investments among a selection of private equity fund
managers, who in turn invest the capital directly. Fund of funds are specialist private equity investors
and have existing relationships with firms. They may be able to provide investors with a route to
86
investing in particular funds that would otherwise be closed to them. Investing in fund of funds can also
help spread the risk of investing in private equity because they invest the capital in a variety of funds.
Fund Size: The total amount of capital committed by the investors of a venture capital fund.
General Partner (GP): The partner in a limited partnership responsible for all management decisions of
the partnership. The GP has a fiduciary responsibility to act for the benefit of the limited partners (LPs),
and is fully liable for its actions.
Gearing: the level of a companys borrowings as a percentage of shareholder funds.
Greenfield Venture: a company which has no track record and is starting up from research.
Hands On / Hands Off: refers to some private equityists that take a very close interest in their investee
companies and provide management expertise. Some admit to being passive investors.
Hurdle Rate: The internal rate of return that a fund must achieve before its general partners or
managers may receive an increased interest in the proceeds of the fund. Often, if the expected rate of
return on an investment is below the hurdle rate, the project is not undertaken.
Incubator : An entity designed to nurture business concepts or new technologies to the point that they
become attractive to venture capitalists. An incubator typically provides both physical space and some
or all of the services-legal, managerial, and/or technical-needed for a business concept to be developed.
Incubators often are backed by venture firms, which use them to generate early-stage investment
opportunities.
Initial Public Offering (IPO): The sale or distribution of a stock of a portfolio company to the public
for the first time. IPOs are often an opportunity for the existing investors (often venture capitalists)
to receive significant returns on their original investment. During periods of market downturns or
corrections the opposite is true.
Independent Funds: do not form part of larger financial groups. They raise their money from
institutional and other investors.
J-Curve Effect: The curve realized by plotting the returns generated by a private equity fund against
time (from inception to termination). The common practice of paying the management fee and start-up
costs out of the first draw-down does not produce an equivalent book value. As a result, a private equity
fund will initially show a negative return. When the first realizations are made, the fund returns start to
rise quite steeply. After about three to five years, the interim IRR will give a reasonable indication of the
definitive IRR. This period is generally shorter for buyout funds than for early-stage and expansion funds.
Later Stage: A fund investment strategy involving financing for the expansion of a company that is
producing, shipping and increasing its sales volume. Later stage funds often provide the financing to
help a company achieve critical mass in order to position its shareholders for an Exit Event, e.g. an IPO
on strategic sale of the company.
87
Leveraged Buyout (LBO): A takeover of a company, using a combination of equity and borrowed funds.
Generally, the target companys assets act as the collateral for the loans taken out by the acquiring
group. The acquiring group then repays the loan from the cash flow of the acquired company. For
example, a group of investors may borrow funds, using the assets of the company as collateral, in
order to take over a company. Or the management of the company may use this vehicle as a means to
regain control of the company by converting a company from public to private. In most LBOs, public
shareholders receive a premium to the market price of the shares.
Limited Partner (LP): An investor in a limited partnership who has no voice in the management of
the partnership. LPs have limited liability and usually have priority over GPs upon liquidation of the
partnership.
Liquidation Preference: is the right to receive a specific value for the stock if the business is liquidated.
This is usually designated as a multiple of the Issue Price, for example 2X or 3X and there may be
multiple layers of Liquidation Preferences as different groups of investors buy shares in different series.
Liquidity Event: An event that allows a VC to realize a gain or loss on an investment. The ending of a
private equity providers involvement in a business venture with a view to realizing an internal return on
investment. Most common exit routes include Initial Public Offerings [IPOs], buy backs, trade sales and
secondary buy outs.
Living Dead: a company that making such insignificant profits, it almost impossible to sell, and even
then would yield low returns.
Management buy-in (MBI): Management Buy-in or MBI is the purchase of a business by an outside
team of managers who have found financial backers and plan to manage the business actively
themselves.
Management buy-out (MBO): A private equity firm will often provide financing to enable current
operating management to acquire or to buy at least 50 per cent of the business they manage. In return,
the private equity firm usually receives a stake in the business. This is one of the least risky types of
private equity investment because the company is already established and the managers running it
know the business - and the market it operates in - extremely well.
Management Fee: Compensation for the management of a venture funds activities, paid from the
fund to the general partner or investment advisor. This compensation generally includes an annual
management fee.
Master Limited Partnership: Master limited partnership or MLP is a limited partnership that is
publicly traded. MLP combines the tax benefits of a limited partnership with the liquidity of publicly
traded securities.
Market Capitalization: The total dollar value of all outstanding shares. Computed as shares
multiplied by current price per share. Prior to an IPO, market capitalization is arrived at by estimating
a companys future growth and by comparing a company with similar public or private corporations.
88
Mezzanine Debt: Mezzanine debts are debts that incorporates equity-based options, such as
warrants, with a lower-priority debt. Mezzanine debt is actually closer to equity than debt, in that the
debt is usually only of importance in the event of bankruptcy. Mezzanine debt is often used to finance
acquisitions and buyouts, where it can be used to prioritize new owners ahead of existing owners in
the event that a bankruptcy occurs.
Mezzanine Financing: Refers to the stage of venture financing for a company immediately prior to its
IPO. Investors entering in this round have lower risk of loss than those investors who have invested
in an earlier round. Mezzanine level financing can take the structure of preferred stock, convertible
bonds or subordinated debt.
Mezzanine Level: Mezzanine level is a term used to describe a company which is somewhere
between startup and IPO. Venture capital committed at mezzanine level usually has less risk but less
potential appreciation than at the startup level, and more risk but more potential appreciation than in
an IPO.
Oversubscription: Occurs when demand for shares exceeds the supply or number of shares
offered for sale. As a result, the underwriters or investment bankers must allocate the shares
among investors. In private placements, this occurs when a deal is in great demand because of the
companys growth prospects.
Paid-in Capital: The amount of committed capital a limited partner has actually tranferred to a
venture fund. Also known as the cumulative takedown amount.
Partnership: A nontaxable entity in which each partner shares in the profits, loses and liabilities of the
partnership. Each partner is responsible for the taxes on its share of profits and loses.
Partnership agreement: The contract that specifies the compensation and conditions governing the
relationship between investors (LPs) and the venture capitalists (GPs) for the duration of a private
equity funds life.
Pitch: Pitch is the set of activities intended to persuade someone to invest or take a specific course of
action.
Portfolio Companies: Companies in which a given fund has invested.
Private Equity: Equity securities of companies that have not gone public (are not listed on a public
exchange). Private equities are generally illiquid and thought of as a long-term investment. As they are
not listed on an exchange, any investor wishing to sell securities in private companies must find a buyer
in the absence of a marketplace. In addition, there are many transfer restrictions on private securities.
Investors in private securities generally receive their return through one of three ways: an initial public
offering, a sale or merger, or a recapitalization.
Private investment in public equities (PIPES): Investments by a hedge fund or private equity fund
in unregistered (restricted) securities of a publicly traded company, usually at a discount to the then-
89
prevailing price of the companys registered common stock.

Ratchet : Ratchets reduce the price at which venture capitalists can convert their debt into preferred
stock, which effectively increases their percentage of equity. Often referred to as an antidilution
adjustment.
Recapitalization: The reorganization of a companys capital structure. A company may seek to save on
taxes by replacing preferred stock with bonds in order to gain interest deductibility. Recapitalization can
be an alternative exit strategy for venture capitalists and leveraged buyout sponsors.
Refinancing: can be a sign of either failure or success. A company performing poorly may need an
extra injection of funds. Equally, if it does perform well, the management may decide to refinance the
business on terms more favourable to themselves with their original private equity backers or a new
team of financiers.
Replacement Capital : where an entrepreneur sells further shares to a private equityist.
Secondary funds : Partnerships that specialize in purchasing the portfolios of investee company
investments of an existing venture firm. This type of partnership provides some liquidity for the original
investors. These secondary partnerships, expecting a large return, invest in what they consider to be
undervalued companies. The big difference is that they are buying their interests in a fund after the fund
has been at least partially deployed in underlying portfolio companies. Unlike fund of fund managers,
which generally invest in blind pools, secondary buyers can evaluate the underlying companies that they
are indirectly investing in.
Secondary Market: The market for the sale of partnership interests in private equity funds. Sometimes
limited partners chose to sell their interest in a partnership, typically to raise cash or because they
cannot meet their obligation to invest more capital according to the takedown schedule. Certain
investment companies specialize in buying these partnership interests at a discount.
Secondary Public Offering: Secondary Public Offering refers to a public offering subsequent to an initial
public offering. A secondary public offering can be either an issuer offering or an offering by a group
that has purchased the issuers securities in the public markets.
Secondary Sale: The sale of private or restricted holdings in a portfolio company to other investors. See
secondary market definition.
Seed Stage Financing: An initial state of a companys growth characterized by a founding management
team, business plan development, prototype development, and beta testing.
Spin out: A division or subsidiary of a company that becomes an independent business. Typically,
private equity investors will provide the necessary capital to allow the division to spin out on its own;
the parent company may retain a minority stake.
Sweat Equity: Ownership of shares in a company resulting from work rather than investment of capital
90
usually founders receive sweat equity.

Syndicate: Underwriters or broker/dealers who sell a security as a group.
Syndication : A number of investors offering funds together as a group on a particular deal. A lead
investor often coordinates such deals and represents the groups members. Within the last few years,
syndication among angel investors (an angel alliance) has become more common, enabling them to
fund larger deals closer to those typifying a small venture capital fund.
Tag-Along Rights / Rights of Co-Sale: A minority shareholder protection affording the right to include
their shares in any sale of control and at the offered price.
Takedown Schedule: A takedown schedule means the timing and size of the capital contributions from
the limited partners of a venture fund.
Term Sheet: Term sheet for equity offering (Term and condition of an investment, detailing the nature
and method of equity holding, shareholders rights and other terms relating to the investment.)
Trade sale: The sale of the equity share of a portfolio company to another company.
Treasury Stock: Stock issued by a company but later reacquired. It may be held in the companys
treasury indefinitely, reissued to the public, or retired. Treasury stock receives no dividends and does
not carry voting power while held by the company.
Turnaround: Turnaround is the term used when the poor performance of a company or the business
experiences a positive reversal.
Underwriter: Underwriter is an investment banking firm committing successful distribution of a public
issue, failing which the firm would take the securities being offered into its own books. An underwriter
may also be a company that backs the issue of a contract, agreeing to accept responsibility for fulfilling
the contract in return for a premium.
Venture Capital Funds: Venture capital funds pool and manage money from investors seeking private
equity stakes in small and medium-size enterprises with strong growth potential.
Venture Capitalist: A financial institution specializing in the provision of equity and other forms of
long-term capital to enterprises, usually to firms with a limited track record but with the expectation of
substantial growth. The venture capitalist may provide both funding and varying degrees of managerial
and technical expertise.
Venture Capital Limited Partnership: Venture Capital Limited Partnership is a limited partnership which
is formed to invest in small startup businesses with exceptional growth potential.
Vulture Capitalist: Vulture Capitalist is a slang word for a venture capitalist who deprives an inventor of
control over their own innovations and most of the money they should have made from the invention.
91
c Useful Links
Malaysian Regulators/Government Agencies:
Bank Negara Malaysia
www.bnm.gov.my
Bursa Malaysia Berhad
www.bursamalaysia.com.my
Malaysian Technology Development Corporation
www.mtdc.com.my
Malaysian Venture Capital Development Council
www.mvcdc.com.my
Malaysian Venture Capital and Private Equity

Association
www.mvca.com.my
Malaysia Venture Capital Management Berhad
www.mavcap.com
Ministry of Finance
www.treasury.gov.my
Ministry of Science, Technology and Innovation
www.mosti.gov.my
MSC Malaysia
www.mscmalaysia.my
Securities Commission
www.sc.com.my
Small and Medium Industries Development

Corporation
www.smidec.gov.my
Technopreneurs Association Malaysia
www.team.net.my
Technopreneur Development Division
www.technopreneurdevelopment.net.my/cms
Overseas VC Associations:
China
www.cvca.com.hk
European
www.evca.com
Hong Kong
www.hkvca.com.hk
Korea
www.kvca.or.kr
North America
www.nvca.com
Singapore
www.svca.org.sg
Taiwan
www.tvca.org.tw
Disclaimer
This information pack is not intended to provide an exhaustive coverage of the Malaysian venture capital
and private equity industry. While all care has been taken in the preparation of this report, the Malaysian
Venture Capital Development Council and Malaysian Venture Capital and Private Equity Association does
not accept responsibility for any losses suffered by persons relying on the information contained in this
information pack, or any error or omission in the pack.
92
13/5/09 1:32:53 PM
Venture Capital & Private Equity
2009
DIRECTORY
M A L AY S I A N VENTURE CAPITAL & PRIVATE EQUITY
MALAYSIAN
DIRECTORY
2009

VC & Pe Directory 2009

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Venture Capital & Private Equity

M A L AY S I A N VENTURE CAPITAL & PRIVATE EQUITY

MVCDC 2009 - Contents.indd 4

MALAYSIAN VENTURE CAPITAL

MVCDC 2009 - Contents.indd 1

MVCDC 2009 - Contents.indd 2

Overview & Update on the Malaysian VC industry

Regulatory framework & Incentives

Malaysian Venture Capital Development Council

Malaysian Venture Capital & Private Equity Association

List of Press Releases, Keynote Addresses & Welcoming Remarks

MVCDC 2009 - Contents.indd 3

MVCDC 2009 - Contents.indd 4

Dato Sri Zarinah Anwar

Chairman, Malaysian Venture Capital Development Council

MALAYSIAN VENTURE CAPITAL & PRIVATE EQUITY 2009

Dato Sri Zarinah Anwar

MALAYSIAN VENTURE CAPITAL & PRIVATE EQUITY 2009

MVCDC 2009 - Foreword.indd 2

Chairman, Malaysian Venture Capital and Private Equity Association

MALAYSIAN VENTURE CAPITAL & PRIVATE EQUITY 2009

c Overview & Update on the Malaysian VC industry

Venture Capital Industry Participants

Number of registered venture capital

Number of registered VCMCs

Number of investee companies

Number of venture capital professionals

100% local ownership

100% foreign ownership

MALAYSIAN VENTURE CAPITAL & PRIVATE EQUITY 2009

MVCDC 2009 - Foreword.indd 4

Venture Capital Investments

Total committed funds under management

Total investment as at end of the period

Investment in investee companies

Amount of Investments and Number of Investee Companies by Financing Stage

MALAYSIAN VENTURE CAPITAL & PRIVATE EQUITY 2009

Pension & provident

MALAYSIAN VENTURE CAPITAL & PRIVATE EQUITY 2009

MVCDC 2009 - Foreword.indd 6

MALAYSIAN VENTURE CAPITAL & PRIVATE EQUITY 2009

Divestments During 2008

MALAYSIAN VENTURE CAPITAL & PRIVATE EQUITY 2009

MVCDC 2009 - Foreword.indd 8

c Regulatory Framework and Incentives

2. Guidelines and Best Practices on Islamic Venture Capital

MALAYSIAN VENTURE CAPITAL & PRIVATE EQUITY 2009

Exit Mechanism MESDAQ Market

MALAYSIAN VENTURE CAPITAL & PRIVATE EQUITY 2009

MVCDC 2009 - Regulatory Framewor10 10

The Council members are Dato Sri Zarinah Anwar

MALAYSIAN VENTURE CAPITAL & PRIVATE EQUITY 2009

About Malaysian Venture Capital & Private Equity Association (MVCA)

MALAYSIAN VENTURE CAPITAL & PRIVATE EQUITY 2009

MVCDC 2009 - Regulatory Framewor12 12

MVCA Committee Members (2008-2009)

David Fong (iSpring Venture Management Sdn Bhd)

Shaik Taufik Shaik Yusoff (Malaysia Venture Capital Management Bhd)

Zahariah Zabidin (Malaysian Technology Development Corporation Sdn Bhd)

Nurrinanuwar Shamsuddin (Lembaga Tabung Haji Bhd)

Management Committee 2008 -2009

MALAYSIAN VENTURE CAPITAL & PRIVATE EQUITY 2009