Question 1

Who can raise funds via Equity Crowdfunding (ECF) on Ata Plus?

Accepted Answer

Only locally incorporated companies and limited liability partnerships (excluding exempt private companies) are allowed to be hosted on an ECF platform as an issuer in Malaysia.

Question 2

How much can an issuer raise on an ECF platform?

Accepted Answer

An issuer may raise a maximum amount of RM20 million through ECF platforms in its lifetime, excluding the issuer's own capital contribution or funding from private placements.

Question 3

What are the investment limits for retail investors?

Accepted Answer

Retail investors can invest a maximum of RM 5,000 per issuer, with a total investment limit of RM 50,000 within a 12-month period.

Question 4

What happens if a crowdfunding campaign does not reach its target?

Accepted Answer

If the minimum funding target is not reached within the listing period (maximum 90 days), the campaign is unsuccessful. All committed funds are then refunded to the investors in full.

Question 5

Is Ata Plus a regulated platform?

Accepted Answer

Yes, Ata Plus Sdn Bhd is a registered Recognised Market Operator (RMO) with the Securities Commission Malaysia, authorized to operate an Equity Crowdfunding platform.

Question 6

What is Equity Crowdfunding (ECF)?

Accepted Answer

ECF is an online platform enabling start-ups and MSMEs to raise early-stage capital from investors. These investors receive equity in the company and become shareholders. If the business succeeds, shareholders may gain from dividends, selling shares to new investors, or the company listing on the stock exchange.

Question 7

Who can invest through an ECF platform?

Accepted Answer

ECF investment opportunities are open to all investors. There are three investor categories: Angel Investor (tax resident in Malaysia with net personal assets exceeding RM3 million or gross annual income of at least RM180,000), Sophisticated Investor (falls within categories set out in Part 1, Schedule 6 and 7 of the CMSA), and Retail Investor (an individual who is not an angel investor or a sophisticated investor).

Question 8

What are the investment limits for ECF investors?

Accepted Answer

Sophisticated Investors have no investment limit. Angel Investors can invest up to RM500,000 within 12 months. Retail Investors have a maximum of RM5,000 for a single investment and no more than RM50,000 within a 12-month period.

Question 9

Does SC mandate any cooling-off period for investments made on an ECF platform?

Accepted Answer

ECF investors are given a six (6) business days cooling-off period from the date of their investment commitment, within which they may withdraw the full amount of their investment. In addition, if there is any material adverse change relating to an issuer, the investors must be notified of such change.

Question 10

What if the campaign I invest fails to achieve the Minimum Target Amount?

Accepted Answer

Your money that was invested in the campaign will be refunded to you.

Frequently Asked Questions

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Frequently Asked Questions

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