OSK Ventures, Japan's SBI Group to set up private equity fund

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KUALA LUMPUR (July 30): OSK Ventures International Bhd (OSKVI) has established a joint venture fund with Japan's SBI Holdings Inc, aimed at investing in  private companies that have promising prospects within the Asean region.

Dubbed OSK-SBI Dynamic Growth Fund, the initial total commitment amount of the fund is US$20 million, of which OSKVI and the SBI Group will contribute 50% each.

In a joint statement today, OSKVI and the SBI Group said they plan to add additional investors in future, in parallel with investing activities.

OSKVI shares closed up one sen or 1.92% to 53 sen today, for a market capitalisation of RM104.12 million.