I-Asset Trust targets RM100 million total investment by end of the year

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KUALA LUMPUR: MPV Capitals Ltd, IDC Capital Sdn Bhd, Eramas Trustee Bhd and Labuan Financial Services Authority have signed a memorandum of understand...

From left: Chew, IDC Capital founder and director Datuk Nix Chan Hon Wai, Tan and Hew at the MoU signing ceremony.MPV Capitals Ltd, IDC Capital Sdn Bhd, Eramas Trustee Bhd and Labuan Financial Services Authority have signed a memorandum of understanding to strengthen their commitment to work together to deliver a robust and trustworthy financial product, I-Asset Trust.

MPV Capitals founder and director David Hew Chee Seng said Eramas Trustee is the perfect choice for this strategic collaboration due to the company’s strong commitment to transparency, compliance and excellence in trust management. “As the fund’s custodian, Eramas Trustee will work together to ensure that the assets backing the trust are managed in accordance with the trust deeds and investor agreements,” Hew said at the signing ceremony today.

By acting as a neutral third party, he added, it will provide an additional layer of security and accountability, which is essential for maintaining investor confidence in the programme.

 

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