Malaysian VC firm RHL Ventures eyes up to $100m final close of Hibiscus Fund

Deal Street Asia, 11 October 2021

Partners at RHL Ventures: (L-R) Teng Chen Shun, Jo Jo Kong, Rachel Lau, Tengku Ahmad Ridhwanuddin, Raja Hamzah Abidin.

Malaysia-based venture capital firm RHL Ventures is looking at raising up to $100 million for Hibiscus Fund, a venture vehicle it formed with South Korea’s KB Investment Co.

RHL Ventures managing partner Rachel Lau confirmed to DealStreetAsia that the fund, which made its first close at $50 million, is targeting a final close at $80 million to $100 million.

Malaysia's startup key players on a mission to attract investment at Expo2020 Dubai

Zawya by Refinitiv, 11 October 2021

MOSTI's agency, Cradle Fund Sdn Bhd (Cradle) will be the host of Week 2 of this international quinquennial event

DUBAI: The Ministry of Science, Technology & Innovation (MOSTI), has lined up another interesting week of programmes and activities at the Malaysian Pavilion for the Expo2020 Dubai, this time focusing on the Startup Ecosystem. MOSTI’s agency, Cradle Fund Sdn Bhd (Cradle) will be the host of Week 2 of this international quinquennial event held from 11 – 15 October 2021.

Sebut Ada Permintaan, Regulator Malaysia Siapkan Aturan Pemanfaatan SPAC

Business Insight, 21 September 2021

KONTAN.CO.ID - KUALA LUMPUR. Komisi Sekuritas Malaysia akan meninjau kerangka kerja untuk perusahaan akuisisi tujuan khusus (SPACs) di tengah meningkatnya pemanfaatan perusahaan semacam itu sebagai jalan yang lebih murah dan lebih cepat masuk ke bursa saham, demikian pernyataan lembaga tersebut, Selasa (21/9).

CMP3: Greater use of technology by market participants provide Malaysians better access to investment

The Edge Markets, 21 September 2021

KUALA LUMPUR (Sept 21): The Capital Market Masterplan 3 (CMP3) fits well into the nation’s aspirations and policy initiatives that are aligned with the country’s longer-term development policy, the Shared Prosperity Vision 2030.

Malaysian securities regulator reviews SPAC framework, citing demand

Reuters, 21 September 2021

KUALA LUMPUR, Sept 21 (Reuters) - Malaysia's Securities Commission will review its framework for special purpose acquisition companies (SPACs) amid growing demand for the vehicles as a cheaper and faster route to the market compared to initial public offerings, it said on Tuesday.

Malaysia to Review SPACs Rules to Profit From Blockbuster Deals

Bloomberg, 21 September 2021

Malaysia is reviewing its framework for special purpose acquisition companies, or SPACs, amid a surge in demand for such fundraising vehicles globally, according to the nation’s markets regulator.