ASM Credit Sdn Bhd (ASM Credit)
is a wholly-owned subsidiary of Amanah Saham Mara
Berhad (ASMB). ASM Credit is a licensed moneylender
under the Moneylenders Acts and extends loans to
corporations and high networth individuals. As collateral,
ASM Credit normally accepts public quoted shares,
landed properties, charge over specific fixed assets
and debentures over the fixed/floating assets of
the borrower.
ASM Credit holds a money lending
license under the Moneylenders Act, 1953 and is
a wholly-owned subsidiary of ASMB. The company provides
services that are complementary to ASMB's venture
capital / mezzanine financing activities, such as
the extension of credit facilities to support
an investee company's financing requirements. It
may also have the alternative of direct equity investment
through subscribing for convertible loan stocks
with debt to equity conversion features (or as a
tool to finance venture capital structured transactions
such as bumiputera subscriptions, Management Buy-Outs
(MBOs), etc.)
The credit facility would have a pre-determined
interest rate, an option to convert the loan into
equity or a pre-agreed repayment schedule depending
on the nature of transaction and may be secured
by tangible security such as landed properties or
machineries. In addition to the abovementioned venture
capital financing activities, the company also undertakes
share-financing activities for both corporations
and high networth individuals.