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An initial concept paper detailing the investment to be undertaken is sent to Samdef investment division. |
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This concept paper should detail the type of media business to be embarked, the location of the investment, amount applied for, CV of the key promoters, whether start up or expansion. |
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Upon receipt of the concept paper, the Samdef investments team will immediately carry out initial appraisal. |
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If the concept needs to be pursued further a detailed business proposal will be requested with specific set guidelines and assumptions depending on the media sector chosen. |
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At this stage the processes requires due diligence study which may call for additional or validation of information from the promoter. Site visits referral checks are conducted at this stage. |
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A comprehensive internal proposal complied by the Samdef investments team will be presented to the Investments Committee for final approval. Promoters may be invited to defend and or explain their proposal. |
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The above process usual will not exceed three months if all the information is required is readily available. |
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Appropriate guarantees, collateral securities and own contribution will usually be requested to secure the investment. |
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