myNEF: Workshop to develop sustainable entrepreneurs

KUALA LUMPUR: The New Entrepreneurs Foundation (myNEF), in its continuous bid to develop sustainable Bumiputera entrepreneurs, has conducted its first mergers and acquisition (M&A) programme workshop.

In a statement yesterday, myNEF said 44 companies participated in the workshop which aimed to brief them about the possible development and implementation of successful M&A strategies.

"The programme is part of myNEF Pemangkin Usahawan (PUsh) initiative which was launched by Prime Minister Datuk Seri Najib Razak last year," it said.

myNEF said among topics discussed during the workshop were potential sectors with regard to entrepreneurship and innovation, rationale of pursuing acquisitions and techniques used in consummating acquisitions and the regulatory framework required.

"As an industry facilitator, myNEF helps companies determine the rationale, select acquisition targets, value them and evaluate the long-term potential of the partnership," it said.

The companies represented at the workshop were from information communication technology (ICT) and creative industries, it said.

myNEF chief executive officer Ferdaus Johar said since the launch of PUsh, the foundation has been making great strides in introducing the various programmes to Bumiputera entrepreneurs via its ICT & Kreatif Karnival and now with this workshop.

"We have reached out to about 500 companies with regard to national distribution network programmes and we hope to identify more companies who can participate in our M&A programmes," he said.

He said the foundation aims to help Bumiputera entrepreneurs run a successful and sustainable business.

myNEF is a non-profit organisation tasked to develop and implement comprehensive programmes to ensure the sustained growth and competitiveness of ICT and creative industry in the country. Bernama