Interest Scheme ICT Zone Ventures Berhad
Investment, Rental, Notebook Rental
The ICT Zone Ventures Interest Scheme provides opportunities to investors – the general public and public institutions, to participate in the profitable ICT equipment rental business. It is the first ICT Interest Scheme approved by the Malaysian government and regulated by Suruhanjaya Syarikat Malaysia (SSM) under Section 90 of the Companies Act 1965.
This redeemable ICT Interest Scheme offers investors an 8% fixed nett annual yield for a period of nine years on a minimum investment of RM5, 000 per ICT Interest. At the end of the nine-year period investors will be offered a full redemption of their investment capital. An investor’s capital is protected within a cumulative nine-year Redemption Reserve Fund which is managed by an established trustee.
A trustee company, My Premier Trustee (Malaysia) Berhad – approved by SSM, had been appointed to oversee the investment scheme. An independent consultant, PKF Accountants, audits the Scheme every six months to validate its governance. The total approved fund size is currently at RM110 million and there are 22,000 ICT Interests already approved The ICT Interest Scheme is fully transferable after the initial two-year lock-in period commencing 28th March 2011 . There is a buy-back guarantee after the initial three-year lock-in period. Both Malaysians and non-Malaysians are eligible to apply for the Scheme. A Prospectus had been issued on 28th March 2011 and it expires on 27th September 2011.
, Interest Scheme
, Investment Scheme
, Notebook Rental