VentureTECH targets RM100mil investment with JV

In a statement yesterday, VentureTECH said the company would intensify its support for the growth of local industry, particularly bumiputra businesses in high value-added and tech-driven industries at the regional level.

KUALA LUMPUR: Government-backed investment company VentureTECH is targeting at least RM100mil of investments with the establishment of a joint-venture company via a partnership with SBI Ventures Malaysia Sdn Bhd, a subsidiary of Japan-based SBI Holdings Inc.

In a statement yesterday, VentureTECH said the company would intensify its support for the growth of local industry, particularly bumiputra businesses in high value-added and tech-driven industries at the regional level.

“This move is aligned with both VentureTECH’s mandate as well as the government aspiration which were outlined in the recently announced Bumiputra Prosperity Council – to drive and accelerate efforts to empower the bumiputra economy and socio-economic development. It will creating synergies with regional peers, while addressing challenges faced by these local companies to scale a regional level.