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Sunsuria's Ter Leong Yap is now MAVCAP's new chairman

image via DNA

Malaysia Venture Capital Management Bhd (MAVCAP) has announced that it has appointed Tan Sri Ter Leong Yap, as its new chairman, effective from the 15th of December 2023.

“The Board and the MAVCAP team are delighted to welcome Tan Sri Datuk Ter to the Board, leveraging his extensive entrepreneurship experience and his stewardship of various companies and institutions. We eagerly anticipate his leadership as we implement our strategic plan to fulfil our mission, focusing on nurturing local Venture Capital (VC) talent, establishing local VC companies, and attracting foreign VCs and funding into Malaysia,” remarked Shahril Anas Hasan Aziz, Chief Executive Officer of MAVCAP.

Ter brings a wealth of experience to MAVCAP, hailing from his current positions as the founder and Executive Chairman of Sunsuria Group. Additionally, he serves as the Honorary Advisor of the National Chamber of Commerce and Industry of Malaysia (NCCIM), the Life Honorary President of The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM), and the Life Honorary President of the Chinese Chamber of Commerce and Industry of Kuala Lumpur & Selangor (KLSCCCI).

Ter boasts a distinguished career, underscoring his prowess in entrepreneurship and board-level leadership. His accomplishments are underscored by the success of numerous publicly listed entities spanning diverse sectors.

Ter's entrepreneurial flair has garnered him prestigious awards such as the Property Guru Asia Property Awards Australia 2023, Star Property Awards in 2023, The Edge Billion Ringgit Club Corporate Awards 2017 for Highest Returns to Shareholders Over Three Years. Furthermore, he has been recognised as one of the 15 Malaysian companies in Forbes Asia's Best Under A Billion (US$) 2020.

Under Ter's stewardship, MAVCAP anticipates an exciting chapter, poised for innovation, growth, and international recognition in Malaysia's venture capital landscape. MAVCAP boasts a portfolio value of nearly RM1 billion in funds managed by the firm and its private sector partners.


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