MDV gives out RM300mil ICT loans
Malaysia Debt Ventures (MDV) has disbursed a total of RM300mil of its RM465mil approved loan applications to 24 Multimedia Super Corridor (MSC) status and non-MSC status companies.
Its chief executive officer and managing director Jiro Suzuki said MDV was targeting to disburse RM800mil by the end of its fiscal year in March 2004.
MDV, a debt financier with a RM1.6bil loan facility for information and communications technology (ICT) development, now has RM2bil worth of loan applications in the pipeline.
Suzuki told reporters this at the Asia Pacific-USA Capital Conference 2003 hosted by International Capital Group and sponsored by MDV, Malaysian Venture Capital Management Bhd, Malaysian Industrial Development Au- thority and Photonics Venture Capital Sdn Bhd.
At present, it is in talks to approve a loan for an overseas biotech company which intends to set up a factory here to manufacture vaccines.
He said two other ICT-based companies in Malacca had fully repaid their RM2mil loan to MDV.
Suzuki said the conference would provide a platform for Malaysian firms to collaborate with American companies to tap the lucrative US market.
The collaboration in return will open up a huge market for America in the Asia Pacific through Malaysia.
Photonics Venture investment director Colin Day, meanwhile, said the conference would provide Malaysian companies with a link to the American market.