What kind of business can raise funds via Equity Crowdfunding?

We welcome all types of businesses as long as it is registered as a Malaysian Private Limited or Limited Liability company with a paid-up capital of less than RM10 million. Some Private Limited companies are prohibited from seeking funds through equity crowdfunding. Those not allowed include those with commercially or financially complex structures (i.e. investment fund companies or financial institutions), subsidiaries of public listed companies, and companies with no specific business plan or its business plan are to merge or acquire an unidentified entity (i.e. blind pool).