πππβπ ππππ π ππ πππ πππππππ ππ ππππ!
It was an enlightening event for all β members and invited guests. Β Title was coined by our President Callum Chen and judging from the participantsβ response, it was an enlightening AND fun session exploring with the Subject Matter Experts(SMEs), the various financing options available for development, expansion and succession planning.
Big thanks to our SMEs Shahrulmiza Zakaria from Malaysia External Trade Development Corporation (MATRADE), Ms Fung Ru Huey from Securities Commission Malaysia, Harman B Saringat from Pembangunan Leasing Corporation SB, Puan Nor Saiβidah from Bank Pembangunan Malaysia Berhad , Geoffrey Ng, CFA from UOB Kay Hian , BOON PENG GOH , founder & CEO of Mystartr and our member, Tony Er of DagangHalal Group who shared on his journey in ECF.
Key takeaways:
1.Β Β Β Β Β Companies require financing, not only to tie over bad times, but for Growth & Expansion, and of course, if the next generation is not keen on taking over the business, succession planning and exit;
2.Β Β Β Β Β There are many ways of financing besides the traditional from Banks (debt/ collaterals). There is the Capital market which also includes ECF (Equity Crowd Funding) and P2P and there is also the option of private equity (PE).
3.Β Β Β Β Β There are options available in Malaysia for companies of different sizes and in different stages of growth.
4.Β Β Β Β Β Giving up equity doesnβt mean giving up CONTROL.
5.Β Β Β Β Β And we donβt need to remain STAGNANT or STATIC. There is always a CHOICE to move to the next stage.
We look forward to the next gathering where we combine expertise and insights to build moreΒ GlobalChampions! Malaysian Consortium of Mid-Tier Companies (MCMTC) = Strategic Alliances for Sustainable Business Growth!
For more info on joiningΒ MCMTC, drop us a note via https://www.mcmtc.my
