VENTURETECH AND JAPAN’S SBI HOLDINGS TARGET RM100 MILLION JOINT INVESTMENT TO SPUR INDUSTRY’S GROWTH FOR REGIONAL FOOTING

CYBERJAYA, 17 Sept 2020 – In a move to mark the company’s next chapter of growth, VentureTECH is geared towards realising its regional investment strategy, further intensifying the company’s developmental role in supporting the growth of local industry particularly Bumiputera businesses in high value-added and tech-driven industries at regional level.

This strategy will be carried out in partnership with SBI Ventures Malaysia Sdn Bhd (SBI Ventures Malaysia), a subsidiary of one of the largest private equity group in Japan, SBI Holdings Inc. Japan, through the establishment of a joint-venture investment company, targeting at least RM100 million of investments.

This timely move is aligned with both VentureTECH’s mandate as well as the government aspiration outlined in the recently announced Bumiputera Prosperity Council to drive and accelerate efforts to empower Bumiputera’s economy and socio-economic development by creating synergies with its regional peers, whilst addressing some of the challenges of these local companies to scale on a regional level.