Govt to introduce RM2.1bil matching method to help companies face gearing problem


KUALA LUMPUR: The government will introduce a RM2.1 billion matching method through equity and quasy-equity investments to help companies facing gearing or leverage problems.

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the method would be spearheaded by SME Bank in collaboration with the Bumiputera Agenda Steering Unit (TERAJU) and Bank Simpanan Nasional Bhd (BSN) with funds worth RM600 million and open to all, especially Bumiputera entrepreneurs.

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