January 29, 2015 (Kuala Lumpur) — CrowdPlus.Asia chairman Teh Kim Seng discusses the potential for equity crowdfunding in Malaysia even as the government seeks to boost institutional financing for SMEs and startups under the recalibrated budget 2016. He speaks with Bloomberg TV Malaysia’s Sophie Kamaruddin.
The enactment of a regulatory framework for equity crowdfunding in Malaysia is to ensure transparency between the investors and the entrepreneurs, says CrowdPlus.asia chairman Teh Kim Seng. He notes that the framework allows the investors to have complete understanding on the risks they are exposed to.
The first approved crowdfunding platform in Malaysia, namely CrowdPlus.asia, is leveraging on Netrove Ventures Ltd’s regional presence to reach out to its investors. Crowdplus.asia chairman Teh Kim Seng said that venture capital outfit Netrove has established its presence in Malaysia, Thailand, Vietnam and Hong Kong.