Can issuers receive partial funds if their ECF campaign does not meet the targeted amount?

No, all ECF platforms in Malaysia operate under the All-Or-Nothing funding model as required by the Guidelines. This means that if a campaign does not reach its targeted amount within the campaign period, or if the targeted amount is met within the campaign period but subsequently fails to be maintained by the last day of the cooling-off period of six (6) business days, the issuer will not receive any of the funds and the funds will be refunded to the investors.

Last Update: 22 July 2024