Aonic Selected for Inaugural Malaysian ASEAN Business Entity (MyABE) Pilot Cohort by Securities Commission

Hibiscus Fund is proud to celebrate Aonic Group for being chosen by the Securities Commission Malaysia (SC) for the inaugural Malaysian ASEAN Business Entity (MyABE) pilot cohort.

RHL Ventures backed Aonic in 2024, supporting the Malaysian deep-tech company as it developed drone and automation solutions for industrial applications, while also empowering small businesses and local communities. The investment has matured, culminating in Aonic being chosen for its strong ASEAN presence, sound governance, and regional growth potential, which are key criteria for the MyABE recognition.

The MyABE pilot, announced following Prime Minister Dato’ Seri Anwar Ibrahim’s statement at the ASEAN Capital Markets Forum (ACMF), comprises two categories: MyABE-PLC for public listed companies and MyABE-MTC for mid-tier companies with strong regional growth potential. Aonic was among six companies selected for this inaugural cohort. SC Chairman Dato’ Mohammad Faiz Azmi noted that the initiative recognises Malaysian companies that are expanding across ASEAN, strengthening regional supply chains, and creating value for the wider region.

RHL Ventures congratulates the Aonic team on this well-deserved recognition.

— Securities Commission Malaysia, Jelawang Capital