22 Companies Advertise On The Net For Investors, The Sun, Friday, June 25, 1999

22 Companies Advertise On The Net For Investors
The Sun, Friday, June 25, 1999


Penang:Twenty-two companies have posted their profiles on the MEnet, a bulletin board sponsored by the Malaysian Exchange of Securities Dealing and Automated Quotation Bhd (Mesdaq) for potential investors or partners.

Fourteen are venture capital companies who have registered as potential investors, and eight are private limited companies registered as ME companies hoping to draw investments.

Mesdaq executive chairman Khairil Anuar Abdullah said they hope to see at least 20 ME companies by the end of the year and that the current 14 ME investors exceeded the 10 targeted during the launch of MEnet on April 16.

He said the venture capital companies registered with MEnet comprise three from Singapore, one from Hong Kong, and the remaining from Malaysia.

Among the potential investors is Bumiputera and Technology Venture Capital (BTVC) Bhd and KarenSoft Solutions Sdn Bhd an ME company, both based in Penang.

KarenSoft Solutions managing director Chee Chong Hwa said his Penang-based software company which commenced operations in 1991 with a RM2.5 million paid-up capital, is seeking funds to expand its business as they aim to get listed on Mesdaq by the year 2001.

He said Mesdaq has arranged for the 14 investors to attend a roadshow in Kuala Lumpur on July 14 where Mesdaq and KarenSoft will make presentations.

He said KarenSoft, hopes to expand its export market, currently limited to Hong Kong and Singapore, to the whole Asia-Pacific region.

Meanwhile BTVC director Datuk Abdul Latiff Mirasa, representing State Technology, Human Resources and Industrial Transformation Committee Datuk Dr Kang Ching Seng, officiated the roadshow at the Penang Development Corporation (PDC) yesterday.