What is the total investment value sought by Malaysian cooperatives last year?

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Malaysian Cooperatives Sought RM1.43 Billion in Investments Last Year

Last year, 90 cooperatives in Malaysia submitted investment applications totalling over RM1.43 billion to the Cooperative Commission of Malaysia (SKM). Of these applications, 35 were approved, amounting to more than RM260.6 million.
Investment Application Submissions

Until December 31 of the previous year, a significant number of cooperatives actively sought investment opportunities. A total of 90 cooperatives formally applied for investment, indicating a substantial interest in expanding their financial activities through the SKM. These applications collectively represented a substantial sum, exceeding RM1.43 billion.
Approved Investment Value

The Cooperative Commission of Malaysia (SKM) reviewed and processed these applications. By the end of the specified period, 35 of the submitted applications received approval from SKM. The total value of these approved investments reached over RM260.6 million, demonstrating a portion of the cooperatives' investment goals being realised.
Types of Investment Activities

The investment strategies pursued by these cooperatives were diverse. The approved applications encompassed a range of financial activities, including investments in their own subsidiaries, participation in unit trusts, acquisition of shares on Bursa Malaysia, and the formation of joint ventures. These varied approaches highlight a strategic effort by cooperatives to diversify their portfolios and generate returns.
Broader Investment Landscape

Beyond the specific applications under Section 54(2) of the Cooperatives Act 1993, a larger number of cooperatives were already engaged in investment activities. A total of 620 cooperatives had previously undertaken investments in post-market shares, with the cumulative value of these investments reaching an impressive RM14.31 billion. This figure underscores a more widespread practice of investment among Malaysian cooperatives.

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What is the total investment value sought by Malaysian cooperatives last year?

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