Mavcap welcomes Ter Leong Yap as its new chairman

Mavcap welcomes Ter Leong Yap as its new chairman
  • Founder and professional president of Sunsuria Group, a real estate tycoon
  • has a profile worth nearly US$ 209 million that is managed directly and indirectly.

Mavcap welcomes Ter Leong Yap as its new chairman

Ter Leong Yap is welcomed as the new chairman of Malaysia Venture Capital Management Bhd ( MAVCAP ), effective 15 Dec 2023.

Ter, who is currently the founder and Executive Chairman of Sunsuria Group, the National Chamber of Commerce and Industry of Malaysia (NCCIM), the Living Honorary President of the Associated Chinese Chambers of commerce and industry (ACCCIM), and the living honorary chairman of Kuala Lumpur &amp, Selangor (KLSCCCI), joins the Mavcap home with a wealth of knowledge. He has served on numerous Chambers of Commerce around the world, so his control goes beyond borders.

Tan Sri Datuk Ter has substantial entrepreneurs experience and is the steward of numerous businesses and corporations. The Board and the Mavcap staff are happy to welcome him to the Board. According to Shahril Anas Hasan Aziz, Chief Executive Officer of Mavcap,” We look forward to his command as we carry out our strategic plan to fulfill our mission with the development of regional Venture Capital (VC ) skills, the establishment of regional VC businesses, and the attraction of foreign investors and funding into Malaysia.”

Ter has had a prestigious job, showcasing his leadership knowledge at the table level and his experience in entrepreneurship. His accomplishments have been characterized by the success of numerous publicly traded companies in a variety of industries.

Ter is one of the 15 Malaysian businesses included in the Forbes Asia’s Best Under A Billion ( US$ ) 2020 list, and he has won prizes like the Property Guru Asia Property Awards Australia 2023, Star Property Award in 20, and The Edge Business Ringgit Club Corporate Awards 2017 for Highest Returns to Shareholders Over Three Years.

The Malaysian venture capital environment is set for creativity, development, and international prominence as Mavcap begins this exciting chapter under Ter’s direction. Mavcap was founded in 2001, and the funds it and its private sector partners manage have a portfolio worth of nearly RM1 billion.