Mar 31 2014, 07:28 AM
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Dear Sir,
We refer to your email below regarding ICT Zone Ventures Berhad (“ICT”).
Based on our review of the scheme on the company’s website ( www.ictventures.com.my ), there does not appear to be any element of dealing in securities, investment advice or fund management related to securities as defined under the Capital Market and Services Act 2007. As such, the company and its activities do not fall under the purview of the Securities Commission (“SC”).
The scheme offered by ICT appears to be an interest scheme. Generally, an interest scheme would involve the collective monetary investment by a group of investors in company or scheme for an interest other than shares. An interest scheme needs to fulfil the various criteria set out in Section 84 of the Companies Act 1965 and would require the approval of the Suruhanjaya Syarikat Malaysia (“SSM”). In this regard, a list of registered interest schemes with SSM, including ICT, is available on SSM's website ( http://www.ssm.com.my/en/company/is-registered-scheme-public ). You are advised to check with the Interest Scheme Section, Registration Services Department of SSM at 03-2299 4400 or vide the link in their website, for further information and clarification.
All investors are reminded to always be vigilant and responsible and give due consideration before making any investment choices. Offers may come in the guise of seemingly attractive investment opportunities or schemes and may also be camouflaged as direct selling or business opportunities. You are advised to always read and understand the investment documents and verify whether the company or individual concerned is licensed by the appropriate regulator for the activities being carried out or services offered.
Thank you.
Regards,
Wan Normajidah
Investor Affairs and Complaints
Securities Commission Malaysia
Tel No.: 03-62048999
Fax No.: 03-62048991
We refer to your email below regarding ICT Zone Ventures Berhad (“ICT”).
Based on our review of the scheme on the company’s website ( www.ictventures.com.my ), there does not appear to be any element of dealing in securities, investment advice or fund management related to securities as defined under the Capital Market and Services Act 2007. As such, the company and its activities do not fall under the purview of the Securities Commission (“SC”).
The scheme offered by ICT appears to be an interest scheme. Generally, an interest scheme would involve the collective monetary investment by a group of investors in company or scheme for an interest other than shares. An interest scheme needs to fulfil the various criteria set out in Section 84 of the Companies Act 1965 and would require the approval of the Suruhanjaya Syarikat Malaysia (“SSM”). In this regard, a list of registered interest schemes with SSM, including ICT, is available on SSM's website ( http://www.ssm.com.my/en/company/is-registered-scheme-public ). You are advised to check with the Interest Scheme Section, Registration Services Department of SSM at 03-2299 4400 or vide the link in their website, for further information and clarification.
All investors are reminded to always be vigilant and responsible and give due consideration before making any investment choices. Offers may come in the guise of seemingly attractive investment opportunities or schemes and may also be camouflaged as direct selling or business opportunities. You are advised to always read and understand the investment documents and verify whether the company or individual concerned is licensed by the appropriate regulator for the activities being carried out or services offered.
Thank you.
Regards,
Wan Normajidah
Investor Affairs and Complaints
Securities Commission Malaysia
Tel No.: 03-62048999
Fax No.: 03-62048991
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