Saturday, May 28, 2011

ICT Zone Ventures Scheme

Our firm is proud to have assisted a fast-growing technology-based SME to successfully obtain the relevant approvals from the Companies Commission of Malaysia (Suruhanjaya Syarikat Malaysia) to establish Malaysia's 1st ICT Interest Scheme. 

The fact sheet for the ICT Zone Ventures Scheme is set out in tabular form below-

Issuer & Management Company

ICT Zone Ventures Berhad

Core business activity

Rental of ICT equipment to government agencies, statutory bodies and private sector corporations

Objective of fundraising

To finance business growth in the ICT rental sector


Suruhanjaya Syarikat Malaysia (SSM)

Principal legislation for the Scheme

Companies Act, 1965

Total approved fund size

RM110 million

Total no. of approved ICT Interests

22,000 ICT Interests

Investment value per ICT Interest


Investment returns

8% Fixed Nett Yield annually per ICT Interest


Fixed period of 9 years

Capital protected

Cumulative 9-years Redemption Reserve Fund managed by Trustee

Management of funds

All investment funds received will be managed by the Trustee and released to the Management Company


Fully transferable after initial 3-years lock-in period

Buy-back guarantee

Buy-back of ICT Interests after initial 2-years lock-in period

Cooling-off period

10 days

Eligibility to invest

Both Malaysians and non-Malaysians

Frequency of audit

Every 6 months

Approved Scheme Trustee

My Premier Trustee (Malaysia) Berhad

Independent Consultant

PKF Accountants (AF 0911)

For more information on the ICT Zone Ventures Scheme click on the link HERE.