The Securities Commission (SC) has approved the application of Japan Asia Investment Co Ltd (JAIC), one of the largest venture capital companies (VCCs) in Japan, to undertake activities in Malaysia. The rationale according to SC chairman Datuk Zarinah Anwar is to give the local venture capital market greater depth and breath to the pool of players within the industry.

Details:

• The registration of JAIC marks the entry of the first foreign VCC in Malaysia.
• As at 31 August 2008, there were 57 VCCs registered with the SC

About Japan Asia Investment Co Ltd (JAIC)

• Established in 1981 by the Japan Association of Corporate Executives and became an independent VCC in 1989.
• JAIC is listed on the Tokyo Stock Exchange
• Currently manages US$1.4 billion in investment funds across 11 countries including China, Hong Kong, Indonesia, Japan, Korea, Singapore, Taiwan, Thailand, Vietnam and the US.
• With over 15 years’ experience in venture capital investments, JAIC is a globally-linked organisation that pursues investments in Japan, Asia and the US.
• Apart from venture capital investments, JAIC is also an active player in private-equity-related businesses such as buyout investments, restructuring financing, and secondary investments.

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