DailySpaceOSK Ventures International Berhad
0053 · ACE Market创业板（ACE Market） · annual reports 2023 to 2025, 393 entries read2023 至 2025 年报，共读出 393 条
The company这家公司
OSK Ventures International Berhad provides private equity and venture capital to companies from commercialised start-ups to late-stage growth companies seeking expansion capital, operating as a minority shareholder with influence rather than direct control. All of the group's investments are managed in Malaysia, while investee companies are located across Malaysia, Singapore, Indonesia, the Cayman Islands, and the United Kingdom.OSK Ventures International Berhad 为从商业化初创企业到寻求扩张资金的后期成长型公司提供私募股权与风险资本，作为少数股东发挥影响力而非直接控制。集团的所有投资均在马来西亚进行管理，而投资组合公司分布在马来西亚、新加坡、印度尼西亚、开曼群岛和英国。
Source: annual report 2023, pages 8, 26, 85; annual report 2025, page 12.出处：2023 年年报第 8、26、85 页；2025 年年报第 12 页。
The group operates under three business segments: Venture Capital & Private Equity, Fund Management, and Capital Financing. In 2024, the group initiated a 5-year strategic transformation to transition from solely deploying proprietary shareholder funds to establishing itself as an asset management company overseeing internal and third-party capital, launching ET Fund II and OSK-SBI Fund 2.集团旗下设有三个业务部门：风险资本与私募股权、基金管理以及资本融资。2024年，集团启动了五年战略转型计划，从单纯运用自有股东资金转向建立管理内部及第三方资本的资产管理公司，推出了 ET Fund II 以及 OSK-SBI Fund 2。
Source: annual report 2024, pages 10, 39; annual report 2025, page 21.出处：2024 年年报第 10、39 页；2025 年年报第 21 页。
The group's investment portfolio expanded from 37 companies in 2023 to 42 in 2024 and 50 in 2025. In 2025, external income totalled RM23,963,185, comprising RM21,686,771 from Venture Capital & Private Equity, RM1,412,907 from Fund Management, RM572,280 from Capital Financing, and RM291,227 from other operations. Total foreign currency exposure stood at RM260,046,904 in 2025, comprising RM163,230,078 in United States Dollar, RM84,270,201 in Singapore Dollar, and RM12,546,625 in British Pound.集团的投资组合公司数量从2023年的37家增加至2024年的42家和2025年的50家。2025年，对外收入合计 RM23,963,185，其中风险资本与私募股权占 RM21,686,771，基金管理占 RM1,412,907，资本融资占 RM572,280，其他营运占 RM291,227。2025年外币风险敞口总额为 RM260,046,904，包括美元 RM163,230,078、新加坡元 RM84,270,201 以及英镑 RM12,546,625。
Source: annual report 2023, page 9; annual report 2024, page 20; annual report 2025, pages 12, 91, 93.出处：2023 年年报第 9 页；2024 年年报第 20 页；2025 年年报第 12、91、93 页。
The holding company is OSK Equity Holdings Sdn. Bhd., which holds 129,372,930 shares (65.86%). In the thirty largest shareholders account list, OSK Equity Holdings Sdn. Bhd. holds 111,402,130 shares (56.71%) and RHB Nominees (Tempatan) Sdn. Bhd. OSK Equity Holdings Sdn. Bhd. holds 17,970,800 shares (9.15%). Tan Sri Ong Leong Huat @ Wong Joo Hwa is deemed interested in 129,836,331 shares (66.09%). Pledged accounts include RHB Nominees (Asing) Sdn. Bhd. Pledged Securities Account for Lim Hun Swee with 3,356,200 shares (1.71%), UOB Kay Hian Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Teo Siew Lai with 2,485,600 shares (1.27%), Maybank Nominees (Asing) Sdn. Bhd. Pledged Securities Account for Teo Huay Siong with 1,629,000 shares (0.83%), and Maybank Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Low Kok Chew with 250,100 shares (0.13%).控股公司为 OSK Equity Holdings Sdn. Bhd.，持有 129,372,930 股（65.86%）。在三十大股东账户名册中，OSK Equity Holdings Sdn. Bhd. 直接登记持有 111,402,130 股（56.71%），RHB Nominees (Tempatan) Sdn. Bhd. OSK Equity Holdings Sdn. Bhd. 持有 17,970,800 股（9.15%）。Tan Sri Ong Leong Huat @ Wong Joo Hwa 视同持有 129,836,331 股（66.09%）。抵押账户包括：RHB Nominees (Asing) Sdn. Bhd. Pledged Securities Account for Lim Hun Swee 持有 3,356,200 股（1.71%），UOB Kay Hian Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Teo Siew Lai 持有 2,485,600 股（1.27%），Maybank Nominees (Asing) Sdn. Bhd. Pledged Securities Account for Teo Huay Siong 持有 1,629,000 股（0.83%），以及 Maybank Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Low Kok Chew 持有 250,100 股（0.13%）。
Source: annual report 2025, pages 63, 98.出处：2025 年年报第 63、98 页。
Tan Sri Ong Leong Huat @ Wong Joo Hwa is the father of Ms. Ong Yee Min, the Chief Executive Officer of the Company. In November 2023, the Board appointed Ms. Ong Yee Min as Chief Sustainability Officer. In FY2023, three independent non-executive directors retired or ceased office at the AGM and three new directors joined the Board. The group had 11 employees in 2023 and 18 employees in 2024.Tan Sri Ong Leong Huat @ Wong Joo Hwa 是公司首席执行员 Ms. Ong Yee Min 的父亲。2023年11月，董事会委任 Ms. Ong Yee Min 担任首席可持续发展官。2023财政年，三位独立非执行董事在股东周年大会上退休或离任，并有三位新董事加入董事会。集团员工人数在2023年为11人，2024年增至18人。
Source: annual report 2023, pages 29, 35, 42, 45; annual report 2024, page 37; annual report 2025, page 39.出处：2023 年年报第 29、35、42、45 页；2024 年年报第 37 页；2025 年年报第 39 页。
Portfolio companies by country, 20242024 年投资组合公司按国家分布
Source: annual report 2024, page 20.出处：2024 年年报第 20 页。
Major events大事记
Source: annual report 2023, page 75.出处：2023 年年报第 75 页。
Source: annual report 2023, page 75.出处：2023 年年报第 75 页。
Source: annual report 2024, page 158.出处：2024 年年报第 158 页。
Source: annual report 2024, page 111.出处：2024 年年报第 111 页。
Source: annual report 2025, page 8.出处：2025 年年报第 8 页。
Source: annual report 2025, page 84.出处：2025 年年报第 84 页。
Profit and operating cash flow盈利与营运现金流
Assets, liabilities and equity资产、负债与权益
20232023 年
In 2023, net cash used in operating activities was RM8,581,159. The group drew down RM7,100,000 in revolving credit facilities, bringing revolving credit to RM7,100,000. Cash was deployed into investments, including RM2,304,720 to acquire 100% of Digital Growth Ventures Pte. Ltd., RM2,200,000 for notes receivables, and RM1,325,413 for investment in funds, while proceeds from disposal of investments brought RM259,788. Unrealised fair value gain recognised on investments was RM28,607,220. A final single-tier dividend of 2.0 sen per ordinary share amounting to RM3,928,901 was paid on 16 May 2023.2023年，营运活动所用现金净额为 RM8,581,159。集团提取了 RM7,100,000 的循环信贷，使循环信贷达到 RM7,100,000。现金用于各项投资，包括出资 RM2,304,720 收购 Digital Growth Ventures Pte. Ltd. 100% 股权、RM2,200,000 用于应收票据以及 RM1,325,413 用于投资基金，脱售投资所得款项为 RM259,788。投资确认的未变现公允价值收益为 RM28,607,220。公司于 2023 年 5 月 16 日派发了每股 2.0 仙的终期单层股息，总额为 RM3,928,901。
Source: annual report 2023, pages 53, 61, 69, 75, 78.出处：2023 年年报第 53、61、69、75、78 页。
20242024 年
In 2024, net cash used in operating activities expanded to RM29,485,285. The group drew down RM37,368,200 of revolving credit facilities, raising revolving credit borrowings to RM44,468,200 to fund investments. Outflows included RM22,139,403 for investment in funds, RM6,600,000 for notes receivables, and RM1,000,000 for capital financing disbursement. Unrealised fair value gain recognised on investments was RM29,420,889. A final single-tier dividend of 2.0 sen per ordinary share amounting to RM3,928,901 was paid on 15 July 2024 in respect of the previous year, while no dividend was proposed for 2024.2024年，营运活动所用现金净额扩大至 RM29,485,285。集团提取了 RM37,368,200 的循环信贷，将循环信贷借款推高至 RM44,468,200 以支持投资活动。现金流出包括投资基金 RM22,139,403、应收票据 RM6,600,000 以及资本融资发放 RM1,000,000。投资确认的未变现公允价值收益为 RM29,420,889。上一财政年的每股 2.0 仙终期股息共 RM3,928,901 于 2024 年 7 月 15 日派发，2024年则未建议派发股息。
Source: annual report 2024, pages 39, 111, 126, 127, 144, 164.出处：2024 年年报第 39、111、126、127、144、164 页。
20252025 年
In 2025, net cash used in operating activities narrowed to RM3,733,874. The group drew down RM15,600,000 of revolving credits, increasing total revolving credit borrowings to RM60,068,200. Total capital deployed was RM20.14 million, including RM8.65 million in venture debt facilities, RM6.00 million through OSK Ventures ET Fund II, RM2.69 million in direct investments, and RM2.20 million in capital financing. Meanwhile, exit and collection proceeds totalled RM15.88 million, including RM8.28 million capital distribution from OSK-SBI Dynamic Growth Fund, RM3.36 million from venture debt collections, and RM3.47 million from capital financing. Unrealised fair value gain recognised on investments was RM18,996,949, and no dividend was proposed.2025年，营运活动所用现金净额收窄至 RM3,733,874。集团提取了 RM15,600,000 循环信贷，使循环信贷借款总额增至 RM60,068,200。全年部署资金共 RM20.14 million，包括创业债权便利 RM8.65 million、通过 OSK Ventures ET Fund II 投资 RM6.00 million、直接投资 RM2.69 million 以及资本融资 RM2.20 million。与此同时，退出与回收款项合计 RM15.88 million，包括 OSK-SBI Dynamic Growth Fund 资本分派 RM8.28 million、创业债权回收 RM3.36 million 以及资本融资回收 RM3.47 million。投资确认的未变现公允价值收益为 RM18,996,949，年内未建议派发股息。
Source: annual report 2025, pages 6, 8, 19, 69, 77, 88.出处：2025 年年报第 6、8、19、69、77、88 页。
Across the three years三年合看
Investments carried at fair value through profit or loss made up over 90% of total assets in all three reports: RM254.07 million (98%) in 2023, RM306.66 million (98%) in 2024, and RM325.54 million (94%) in 2025, and each year the auditors described their valuation as significant to the audit. To finance investment deployment, revolving credit borrowings expanded from nil in 2022 to RM7,100,000 in 2023, RM44,468,200 in 2024, and RM60,068,200 in 2025; borrowing interest expense was RM158,294 in 2023, RM1,082,968 in 2024 and RM2,425,485 in 2025. Dividends of RM3,928,901 were paid in 2023 and 2024, and none was proposed for 2024 or 2025.三份年报中按公允价值计入损益的投资均占总资产90%以上：2023年为 RM254.07 million（98%），2024年为 RM306.66 million（98%），2025年为 RM325.54 million（94%），审计师每年均指其估值对审计具有重要性。为支持投资配置，循环信贷借款由2022年的零增至2023年的 RM7,100,000、2024年的 RM44,468,200 以及2025年的 RM60,068,200；借款利息支出在2023年为 RM158,294，2024年为 RM1,082,968，2025年为 RM2,425,485。公司在2023和2024年各派发了 RM3,928,901 股息，2024和2025年均未建议派息。
Source: annual report 2023, pages 53, 57, 69, 78; annual report 2024, pages 39, 119, 145, 164; annual report 2025, pages 6, 65, 78, 88.出处：2023 年年报第 53、57、69、78 页；2024 年年报第 39、119、145、164 页；2025 年年报第 6、65、78、88 页。
Still to be spent尚未支出的承诺
The company did not raise funds through corporate proposals in any of the three years, and general mandates were not utilised. As at 31 December 2025, the group's active fund vehicles had deployed USD7.14 million under OSK Ventures ET Fund II and USD4.0 million under OSK-SBI Dynamic Growth Fund 2, while the company had retained profits of RM1,786,503 (RM4.03 million in 2024).公司在过去三年中均未通过任何企业提案筹集资金，一般授权亦未动用。截至2025年12月31日，集团旗下活跃基金载体中，OSK Ventures ET Fund II 已部署 USD7.14 million，OSK-SBI Dynamic Growth Fund 2 已部署 USD4.0 million，而公司留存收益为 RM1,786,503（2024年为 RM4.03 million）。
Source: annual report 2024, pages 190, 191; annual report 2025, pages 6, 7, 59, 102.出处：2024 年年报第 190、191 页；2025 年年报第 6、7、59、102 页。
Four years of figures四年数字
Group figures, in RM, as printed in the statements.集团数字，单位令吉，照财务报表所印。
| Group集团 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| RM令吉 | RM令吉 | RM令吉 | RM令吉 | |
| Profit before tax税前盈利 | 18,948,960 | 25,678,616 | 22,227,586 | 13,337,092 |
| Profit after tax for the year年度税后盈利 | 19,000,617 | 23,935,999 | 23,508,511 | 13,397,577 |
| Net cash from/(used in) operating activities营运活动所得/（所用）现金净额 | 615,105 | (8,581,159) | (29,485,285) | (3,733,874) |
| Net cash from/(used in) investing activities投资活动所得/（所用）现金净额 | 2,695,355 | 2,086,023 | 392,229 | (735,087) |
| Net cash from/(used in) financing activities融资活动所得/（所用）现金净额 | (4,110,487) | 2,855,866 | 32,250,537 | 13,020,022 |
| Dividend paid to shareholders已付股东股息 | (3,928,901) | (3,928,901) | (3,928,901) | 0 |
| Total assets总资产 | 229,777,826 | 258,588,975 | 314,412,233 | 344,876,074 |
| Total liabilities总负债 | 1,394,548 | 10,198,599 | 46,442,247 | 63,508,511 |
| Total equity总权益 | 228,383,278 | 248,390,376 | 267,969,986 | 281,367,563 |
| Cash and cash equivalents at end of year期末现金与现金等价物 | 3,707,115 | 177,247 | 3,331,483 | 11,864,369 |
On a computer, hover over a figure for the report and page it is printed on.在电脑上把鼠标移到数字上，可看到它印在哪份年报的哪一页。
Said and done说过的与做到的
| What the reports said年报说要做的 | What later reports show之后年报显示的 | Status状态 |
|---|---|---|
| Launch new funds across various asset classes within the private markets industry在私募市场行业内的各类资产类别中推出新基金 | In 2024 the group launched ET Fund II and OSK-SBI Fund 2, completing five new investments across both funds.2024年集团推出了 ET Fund II 与 OSK-SBI Fund 2，并在两只基金下完成了5项新投资。 Source: annual report 2023, pages 6, 10; annual report 2024, pages 10, 35.出处：2023 年年报第 6、10 页；2024 年年报第 10、35 页。 | Carried out已执行 |
| Recommend a final single-tier dividend of 2.0 sen per ordinary share for FY2023建议就2023财政年派发每股 2.0 仙的终期单层股息 | Paid on 15 July 2024, with total dividend paid amounting to RM3,928,901.于2024年7月15日派发，股息总额为 RM3,928,901。 Source: annual report 2023, page 53; annual report 2024, pages 39, 111.出处：2023 年年报第 53 页；2024 年年报第 39、111 页。 | Paid已派发 |
| Consider an interim dividend in the future contingent on successful exits and cash flow requirements after proposing no final dividend for FY2024在未建议派发2024财政年终期股息后，视退出情况及现金流需求未来可能考虑派发中期股息 | No dividend was proposed for FY2025, with capital retained for deployment and fund vehicles.2025财政年未建议派发股息，保留资金用于项目部署及基金载体。 Source: annual report 2024, page 10; annual report 2025, page 6.出处：2024 年年报第 10 页；2025 年年报第 6 页。 | No dividend proposed未建议派息 |
| Prioritise optimising exit opportunities in 2025 and 2026在2025和2026年优先把握退出机会 | FY2025 generated exit and collection proceeds of RM15.88 million, including full divestment of Java Offshore and partial exit from StoreHub.2025财政年实现退出及回收款项 RM15.88 million，包括完全退出 Java Offshore 及部分退出 StoreHub。 Source: annual report 2024, page 36; annual report 2025, page 8.出处：2024 年年报第 36 页；2025 年年报第 8 页。 | Exits made in 20252025 年已有退出 |
| Implement 5-year business and strategy plan transitioning to an asset management company overseeing third-party capital落实五年业务与战略规划，转型为管理第三方资本的资产管理公司 | Operated three active fund vehicles in 2025, with fund management segment external income reaching RM1,412,907.2025年运营三只活跃基金载体，基金管理分部对外收入达到 RM1,412,907。 Source: annual report 2023, page 40; annual report 2024, page 10; annual report 2025, pages 6, 93.出处：2023 年年报第 40 页；2024 年年报第 10 页；2025 年年报第 6、93 页。 | In progress推进中 |
What the reports leave open年报留下待看的事
- Total liabilities reached RM63.51 million at end 2025, primarily consisting of RM60,068,200 in revolving credit borrowings that all mature within one year, with annual borrowing costs rising to RM2,425,485.截至2025年底，总负债达到 RM63.51 million，主要由 RM60,068,200 的循环信贷借款构成，且全部在一年内到期，年度借贷利息成本增至 RM2,425,485。
Source: annual report 2025, pages 21, 78, 88, 90.出处：2025 年年报第 21、78、88、90 页。
- The group does not hedge its foreign currency risk, while foreign currency exposures stood at RM260,046,904 at end 2025; a 5% currency movement against the United States Dollar would impact profit before tax by RM8,161,504.集团未对其外汇风险进行对冲，截至2025年底外汇敞口达 RM260,046,904；若令吉兑美元出现 5% 的波动，对税前盈利的影响为 RM8,161,504。
Source: annual report 2025, page 91.出处：2025 年年报第 91 页。
- The group is evaluating early-stage investment opportunities in Vietnam and the Philippines; its investee companies are now in Malaysia, Singapore, Indonesia, the Cayman Islands and the UK.集团正在评估越南和菲律宾的早期投资机会；其投资组合公司目前分布在马来西亚、新加坡、印度尼西亚、开曼群岛和英国。
Source: annual report 2025, pages 6, 8, 12.出处：2025 年年报第 6、8、12 页。
- ACE Market listed issuers are mandated to adopt International Sustainability Standards Board-aligned climate disclosures under Malaysia's National Sustainability Reporting Framework from 2027 onwards.根据马来西亚国家可持续发展报告框架，创业板上市公司须自2027年起全面采纳与国际可持续准则理事会一致的气候相关披露。
Source: annual report 2025, pages 6, 35.出处：2025 年年报第 6、35 页。
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-24.内容为公司年报所印的事实，并注明页码；不评级，不构成投资建议。生成日期 2026-10-24。