FAQ - Investor

1   Am I qualified to invest? Under which category?

Everyone is qualified to become an Investor. Under the SC’s Guidelines, there are three (3) categories of Investors allowed to participate and invest in the Issuer:

  • (a)   Sophisticated Investors
    • (i) a high-net-worth individual whose total net personal assets or total net joint assets with his or her spouse, exceed RM 3,000,000, excluding the value of the individual’s primary residence;
    • (ii) a high-net-worth individual who has a gross total annual income exceeding RM 300,000 per annum in the preceding twelve (12) months;
    • (iii) a high-net-worth individual who, jointly with his or her spouse, has a gross total annual income exceeding RM 400,000 per annum in the preceding twelve (12) months;
    • (iv) a high-net-worth company that is registered as a trust company under the Trust Companies Act 1949 which has assets under management exceeding RM 10,000,000; 
    • (v) a high-net-worth corporation that is a public company under the Companies Act 2016 which is a trustee approved by the SC under the Capital Markets Services Act 2007 and has assets under management exceeding RM 10,000,000; (vi) a high-net-worth corporation or partnership with total net assets exceeding RM 10,000,000 based on the last audited accounts of the company;
    • (vii) a pension fund approved by the Director General of Inland Revenue under the Income Tax Act 1967;
    • (viii)  a statutory body established by an Act of Parliament or an enactment of any State; or
    • (ix) a venture capital corporation, venture capital management corporation, private equity corporation or private equity management corporation registered with the SC.
  • (b)  Angel Investors
    • (i) a high-net-worth individual whose total net personal assets exceeds RM 3,000,000;
    • (ii) a high-net-worth individual who has a gross total annual income exceeding RM 180,000 per annum in the preceding twelve (12) months; or
    • (iii) a high-net-worth individual who, jointly with his or her spouse, has a gross total annual income exceeding RM 250,000 per annum in the preceding twelve (12) months;
  • (c)  Retail investors All other Investors apart from Sophisticated Investors and Angel Investors.

 

2  I am not a Malaysian. Can I invest?

Yes, you may. However, please make sure that you have complied with the regulations in your country before you access and/or invest in a campaign.  

 

3   How much I can invest?

It depends on the needs of each campaign and it is subject to the category of Investor you are qualified under as follows:

Type of Investor Investment Limits
Sophisticated Investors No restrictions on investment amount
Angel Investors A maximum of RM500,000 within a twelve (12) month period
Retail Investors A maximum of RM5,000 per Issuer with a total amount of not more than RM50,000 within a twelve (12) month period

 

4  Can I invest in various campaigns?

Yes. It is entirely at your own discretion and investment risk appetite.

 

5  Can I change my mind and withdraw the investment?

Yes. In the event of a Successful Campaign, the Cooling-off Period will kick in and you can withdraw your investment at any time during the Cooling-Off Period and request for refund.

 

6  Can I update my investment amount?

Before the expiry of the campaign period, you may contact Mystartr to assist you on updating your investment amount. If it is after the expiry of the campaign period, you may need to contact the Issuer directly to make the necessary arrangements.

 

7   Will Mystartr transfer my investment monies immediately to the Issuer?

No. Your investment monies will be kept separately in the Trust Account and will not be released unless the Minimum Target Amount and all Conditions Precedent have been achieved.

 

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

Your investment monies will be refunded to you.

 

9   How will Mystartr refund me if I cancel the investment or when the campaign I invest fails to raise the Minimum Target Amount ?

Your investment monies will be refunded to your e-wallet (Credit) on Mystartr’s ECF Platform. You may then use the credit to support another campaign or you may choose to withdraw the monies afterward.

 

10   Does Mystartr charge any fee on me?

No.

 

11   Will my information be published on Mystartr?

Yes. However, you may choose to remain anonymous. Please contact Mystartr for further assistance.

 

12   When will I get my Offer Shares?

Upon the Successful Campaign, Mystartr will go through the necessary documentation phase and if all Conditions Precedent have been met, Mystartr will release the Investors’ Funds to the Issuer. The Issuer will issue share certificate to the LLP, which is an entity formed to hold the Offer Shares on your behalf. Upon completion, this will be considered as closing of a campaign.

 

13   What rights do I have after I get my Offer Shares?

You (via the LLP) will become a shareholder of the Issuer, which means you own part of the Issuer as long as the Issuer is in existence. Your rights will be subject to the shareholders’ agreement between the LLP and the Issuer.

 

14   Will I be able to sell off my Offer Shares after the closing of a campaign?

You may but take note that there is no guarantee you will be able to sell your Offer Shares when you want to or at all. You may have to find buyer(s) yourself or wait for the correct timing (i.e.  when there is trade sale or when the Issuer’s founders decide to buy back Offer Shares from the shareholders).

 

15   Does Mystartr help keep track of the Issuer’s progress after the closing of a campaign?

Mystartr will disclose necessary and sufficient information to facilitate communication between the Issuer and the Investors. While Mystartr provides end-to-end support throughout the transfer of Investors’ Funds and issuance of Offer Shares, Mystartr however, does not monitor the progress of the Issuer after closing of a campaign.

RISK WARNING

By investing in equity crowdfunding, it means that you are investing in early-stage of companies. It carries a high risk, includes uncertainty of returns, lack of control and liquidity. Hence, these types of investments should only be made as part of a diversified portfolio. Spread your risks and only invest money that you can afford to lose. MyStartr wishes all investors to understand these risks and make careful investment decisions. You are also encouraged to seek independent advice.
Please read our full risk warning
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