malaysia-approves-japanese-vc-firm

Malaysia approves Japanese VC firm

Japan's JAIC becomes the first foreign venture capital firm to be approved to operate in Malaysia.
MalaysiaÆs Securities Commission has approved an application by Japan Asia Investment JAIC to start venture capital investment activities in the country. JAIC is the first foreign VC firm to be approved to operate in Malaysia.

JAICÆs investments in Malaysia will focus on infrastructure-related companies. The Tokyo-listed firm is also an active player in private equity-related businesses such as buyout investments, restructuring financing and secondary investments, and, according to its annual report, it had invested Ñ10.3 billion $97.7 million in Malaysian companies as of the end of its 2008 fiscal year.

ôThe presence of foreign VC corporations in the local venture capital scene will add greater depth and breadth to the pool of players within...
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