Who eligible to fundraise?

According Recognized Market Operator Guidelines issued by The Securities Commission of Malaysia, only locally incorporated businesses are allowed to raise capital from the public through AMB Connect and other ECF platforms in Malaysia.

The 3 category of companies incorporated are:

1. Private companies (Sdn Bhd)
2. Unlisted public companies (Bhd)
3. Limited liability partnership/Perkongsian libiliti terhad (LLP/PLT)

Who Can't Raise Capital Through an ECF Platform?

Entities that are prohibited from fundraising through ECF are as follows:

1. Exempt private company
2. Commercially or financially complex structures (i.e. investment fund companies or financial institutions)
3. Public listed companies and their subsidiaries
4. Companies with no specific business plan or their business plan is to merge or acquire an unidentified entity (i.e. blind pool)
5. Companies other than a micro fund that propose to use the funds raised to provide loans or make investment in other entities
6. Any type of entity that is specified by the Securities Commissions (SC) of Malaysia
7. Any Company business in under non-Shariah compliant list [for more information, click HERE]

Last Update: 22 July 2024