INVESTMENT consultant International Capital Group (ICG) wants to expand strategic alliances with Malaysian technology firms and help them get listed on the US bourses.<\/p>\n
The San Diego-based venture capitalist has already formed partnerships with “a long list of high-technology and wireless communications companies” in Malaysia.<\/p>\n
“We now want to reach out to biotechnology companies here,” ICG chairman and chief executive officer Lana Huynh told reporters at the Asia Pacific- US Capital Conference in Kuala Lumpur yesterday.<\/p>\n
ICG, which has minor stakes in its Malaysian joint ventures, offers structured loans of about RM1 million (US$1 = RM3.80) in each venture to nurture its partners’ businesses.<\/p>\n
“The loans can be extended to as high as US$1 million each,” said ICG president Joseph A. Cerbone.<\/p>\n
ICG mainly focuses on emerging markets such as eastern Europe, Latin America and Asia Pacific.<\/p>\n
It also specialises in matchmaking prospective firms with global investors and alliance partners through conferences.<\/p>\n
Cerbone said that the Asia Pacific-US Capital Conference provides ample opportunities for Malaysian firms to present themselves to their US counterparts.<\/p>\n
“Malaysian companies will have the opportunity to recognise synergies with American firms, forming long-lasting business ventures both nationally and internationally,” he said.<\/p>\n
He added that this will in turn spur local small- and medium- sized enterprises and industries to seek out external funding and resources without depending too much on the Government for financial assistance.<\/p>\n
Meanwhile, Huynh said that Malaysia has a flexible economy which welcomes a wide range of industries.<\/p>\n
The US companies feel open and comfortable working in a business environment geared towards technology industries and where legal and accounting practices are mature and dependable, she added.<\/p>\n
ICG brought 10 technology companies from the US to the two-day conference, which ended yesterday.<\/p>\n
The event was jointly sponsored by the Malaysian Industrial Development Agency, Malaysian Venture Capital Management Bhd, Malaysian Debt Ventures Bhd, Photonics Venture Capital and Technopreneurs Association of Malaysia.<\/p>\n","protected":false},"excerpt":{"rendered":"
INVESTMENT consultant International Capital Group (ICG) wants to expand strategic alliances with Malaysian technology firms and help them get listed on the US bourses. The San Diego-based venture capitalist has already formed partnerships with “a long list of high-technology and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-619","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=619"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/619\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}