Bursa Malaysia has inked an MoC with Cradle Fund to facilitate more listings in the country, while BayWa r.e is set to collaborate with Swiss-based investment manager SUSI partners for a solar energy venture into Southeast Asia.
Bursa Malaysia, Cradle Fund partner to spur local listings
Bursa Malaysia and Cradle Fund, a startup facilitator under the country’s Ministry of Science, Technology and Innovation (MOSTI), have signed a memorandum of collaboration (MoC) to jointly boost local listings.
In a statement last week, the ministry said that a key aim of the MoC is to build awareness among startups on funding opportunities in Malaysia, including those coming from the equity market.
Cradle has also agreed to provide market intelligence to Bursa Malaysia so that potential listing candidates can be identified earlier, while the bourse is set to analyse the shared data and help organise programmes that shed light on funding access.
The initiative is part of MOSTI’s Fund Funnel programme, which aims to streamline funding options and offer comprehensive support to startups throughout their funding journey.
Cradle was created in 2003 under Malaysia’s ministry of finance, but the administration of the organisation was later moved over to MOSTI. Cradle provides grants and equity investments, and according to its website, has helped fund over 1,000 startups in Malaysia.
BayWa r.e. teams up with SUSI Partners to bring solar energy to SE Asia
Global renewable energy company BayWa r.e. today announced that it has entered into a partnership with Swiss-based infrastructure fund manager SUSI Partners to provide solar energy solutions to Southeast Asia.
In a statement, BayWa r.e. said the two firms signed a framework agreement to direct capital from SUSI Partners’s Southeast Asia-focused Asia Energy Transition Fund to the “realisation of sizable rooftop photovoltaic projects contracted with larger commercial and industrial corporations”.
The primary markets they are targeting are Thailand, Malaysia, Vietnam, the Philippines, and Indonesia.
BayWa r.e is a global renewable energy developer, service supplier, distributor, solutions provider and independent power producer whose shareholders are Germany-based BayWa AG as well as Swiss and Luxembourg-based investment firm Energy Infrastructure Partners. BayWa r.e’s Asia Pacific headquarters is in Thailand
SUSI Partners is a fund manager specialising in sustainable energy and infrastructure investments. According to its website, it has some 1.9 billion euros ($2.04 billion) in investor commitments and has deployed 1.6 billion euros ($1.72 billion) of it.