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Infoline Tec Group Launches IPO Prospectus – Set To Raise RM23.68 Million For Strategic Expansion

IT infrastructure and cybersecurity solutions provider, Infoline Tec Group Berhad (Infoline Tec), launched its Initial Public Offering (IPO) prospectus in a ceremony held at Avante Hotel, Petaling Jaya today, 20 June 2022.  The prospectus was launched in conjunction with Infoline Tec’s listing on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Malaysia) scheduled for 13 July 2022.

 

The launch was attended by the group’s board members and senior management team as well as by Dato’ Charon Mokhzani, Datuk Dominic Silva and members of the senior management team of MIDF Amanah Investment Bank Berhad (MIDF Investment), the Principal Adviser, Sponsor, Underwriter and Placement Agent for this IPO exercise. The prospectus was launched by Dato’ Charon Mokhzani, Datuk Dominic Silva, En. Nor Azzam Abdul Jalil, Independent Chairman of Infoline Tec, Mr. Choo Wei Chuen, Chief Executive Officer of Infoline Tec, Mr. Loo Wai Hong, Chief Operating Officer of Infoline Tec and Mr. Too Yit Meng, Chief Marketing Officer of Infoline Tec.

 

MIDF Distributed Financial Assistance To 56 Companies Under SMEEF 2.

On 10 June 2022, the Ministry of Entrepreneur Development and Cooperatives (KUSKOP) distributed financial assistance of RM100,000

each to 56 micro and small and medium companies from the Kota Raja parliamentary constituency that suffered losses during the

floods at an event held in Menara Muara, Shah Alam, Selangor.

 

The event, attended by over 70 participants, was officiated by YBhg. Datuk Kamaruzzaman Johari, Political Secretary to the Minister of Entrepreneur Development and Cooperatives, YBhg. Tan Sri Noh Omar.

Dato’ Charon Mokhzani At An Eu-Malaysian Dialogue On Fighting Climate Change With Market Mechanisms

Dato’ Charon Mokhzani, our Group Managing Director, was invited to participate in An EU-Malaysian Dialogue on Fighting Climate Change with Market Mechanisms which was held at Ritz Carlton Hotel, Kuala Lumpur and virtually via Zoom on Wednesday, 25 May 2022.

Organised by the French Embassy in Malaysia and the French Presidency of The Council of the European Union, the hybrid programme comprised of 3 roundtable discussions on the following topics:

  1. The European Union Emissions Trading System: Lessons Learned and Next Steps
  2. Building A Carbon Market in Malaysia: Opportunities and Challenges
  3. Carbon Trading and International Trade

 

MIDF Joined SME Corp At A Majlis Penyerahan Bantuan Banjir Usahawan Keluarga Malaysia In Shah Alam

On 23 April 2022, MIDF joined SME Corp at a Majlis Penyerahan Bantuan Banjir Usahawan Keluarga Malaysia which was held at the Pusat Latihan Teknologi Tinggi (ADTEC) in Shah Alam, Selangor.

 

The event, attended by over 500 participants, was officiated by YBhg. Datuk Kamazruzzaman Johari, Political Secretary to the Minister of Entrepreneur Development and Cooperatives, YBhg. Tan Sri Noh Omar.

 

Participants were given a free Kursus Keusahawanan organised by Bank Rakyat for micro enterprises as well as small and medium enterprises (SMEs). The highlight of the event was the distribution of financial assistance to 214 entrepreneurs under MIDF’s SME Emergency Fund (SMEEF) 2.0, TEKUN Nasional (TEKUN) and Bank Rakyat funds. 10 companies from the Kota Raja and TTDI Jaya areas received financing of RM100,000 each, under MIDF’s SMEEF 2.0 at 0% financing rate and 12-months moratorium while 197 micro companies received a grant of RM3,000 each under TEKUN. Bank Rakyat dispersed a total of RM175,000 in financing to 7 entrepreneurs.

 

MIDF was represented by En. Mohd. Farid Abd. Razak, Head of Customer Relationship and Supervision at Development Finance Division (DFD) who presented the mock cheques to applicants who succeeded in their applications for MIDF’s SMEEF 2.0 Fund. MIDF lawyers were also on-site at the event to expedite the execution of documents for the successful applicants.

MIDF receives A1 rating from RAM

RAM Ratings has assigned corporate credit ratings (CCRs) of A1/Stable/P1 to Malaysian Industrial Development Finance Berhad (MIDF or the Group), while MIDF Amanah Investment Bank Berhad has been accorded financial institution ratings of A1/Stable/P1.

 

Separately, RAM has also assigned a Silver2 (S2) Sustainability Rating to MIDF for its strong corporate governance, contribution towards supporting SMEs, and its role within the capital market in developing green and sustainable finance.

 

RAM’s press releases can be viewed via the following links - Credit rating and ESG rating