How much in cooperative investments was approved by SKM?

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RM260.6 Million in Cooperative Investments Approved by SKM

The Cooperative Commission of Malaysia (SKM) approved 35 cooperative investment applications totaling over RM260.6 million. These applications were part of a larger submission of investment proposals from cooperatives across the country.
Investment Application Submissions

Until December 31 of the previous year, SKM received investment applications valued at more than RM1.43 billion from 90 different cooperatives. This indicates a significant level of financial activity and strategic planning within the cooperative sector.
Types of Cooperative Investments

The approved investment activities undertaken by cooperatives were diverse. They included placing funds into subsidiaries, unit trusts, acquiring shares on Bursa Malaysia, and engaging in joint ventures. These varied investment avenues reflect a strategy to diversify and grow cooperative assets.
Broader Investment Landscape

Beyond these specific applications, a substantial number of cooperatives are already engaged in market investments. A total of 620 cooperatives have participated in post-market share investments, with the total value of these investments reaching RM14.31 billion. This highlights a well-established practice of investment within the cooperative movement.

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How much in cooperative investments was approved by SKM?

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