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The year 2006 marks the 6th year of operations for the venture capital and private equity business.  The Group started off with a capital of RM50million from OSK Holdings Berhad, the ultimate holding company in 2000.
 
 
Looking back, I must say that we have come a long way and we should all be proud of what our Company and its group of companies ("the Group") have achieved over the short span of six years.  I am optimistic of the Group’s growth and am confident that the venture capital industry will eventually grow to support the participants in line with the development of the capital market and the economy.
 
The venture capital industry in Malaysia continued to grow in breadth and depth in 2006 with the Government according more incentives under Budget 2006.  According to Bank Negara Malaysia, the number of committed venture capital funds grew to RM2.6 billion at the end of 2005 from RM2.3 billion in 2004.  The total number of investee companies increased from 322 in 2004 to 388 in 2005, involving a total investment of over RM1.4 billion.  Although relatively small as compared to the regional investments, the country is continuing to gain momentum.
 
>> Click here to read the full Chairman’s Statement
 
 
 
 
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