Our Partner
Established as a Labuan fund, 229 Capital specializes in bridging overseas enterprises with capital markets. Our team of seasoned financial professionals offer strategic advisory, investment structuring, compliance navigation, and capital market solutions for businesses internationally.
We believe in simplifying cross-border financial journeys, empowering businesses to seamlessly transition and scale.
what makes us different
Direct pitching support to a curated
network of well-prepared, qualified investors.
Deep insights into regulatory frameworks and
financial ecosystems across key global markets.
Strategies designed specifically to meet your
unique business objectives.
Extensive relationships with key financial
institutions, regulators, and market leaders.
General Partner
Mr. Darren Chen is a partner at 229 Capital LP, with over 10 years of audit and advisory experience. A licensed auditor (Malaysia MoF), ICAEW Fellow, and MIA Chartered Accountant, he also serves as an Independent Non-Executive Director for a NASDAQ-listed company.
Specialising in IPOs, M&A, and financial due diligence, he has deep expertise across industries, helping clients navigate complex financial and regulatory challenges. Known for his strategic, results driven approach, he builds lasting client relationships while aligning financial reporting and transactions with broader business goals.
General Partner
Ming brings over a decade of experience in capital markets, with a strong track record of leading and executing listings on both Nasdaq and the Hong Kong Stock Exchange (HKEX). As an investment banker — including senior roles at major state-owned securities firms — he has been deeply involved in numerous U.S. IPOs and uplistings, as well as HKEX transactions, particularly for Asian issuers navigating cross-border capital markets. His expertise spans corporate finance, M&A advisory, and pre-IPO investment structuring.
In addition to his role at 229 Capital, Ming also serves as an officer at a licensed securities firm, where he remains actively engaged in capital markets transactions. He is recognized for his strategic insight and broad international network across the investment and regulatory landscape.
General Partner
Michael is a serial entrepreneur with a distinguished track record in mergers and acquisitions (M&A) as well as initial public offerings (IPO). With decades of hands-on experience, he has successfully led multiple companies through complex cross-border M&A transactions and has played an instrumental role in preparing firms for public listings across major international exchanges. His strategic insight and executional excellence have consistently delivered exceptional value for stakeholders. Michael is also highly active in the business community, maintaining extensive networks with government-linked corporations (GLCs), prominent business owners, and corporate leaders across the region.
Mr. Darren Chen is a partner at 229 Capital LP, with over 10 years of audit and advisory experience. A licensed auditor (Malaysia MoF), ICAEW Fellow, and MIA Chartered Accountant, he also serves as an Independent Non-Executive Director for a NASDAQ-listed company.
Specialising in IPOs, M&A, and financial due diligence, he has deep expertise across industries, helping clients navigate complex financial and regulatory challenges. Known for his strategic, results driven approach, he builds lasting client relationships while aligning financial reporting and transactions with broader business goals.
Advisor
Mr Chin is a General Partner at 229 Capital L.P., with deep expertise in corporate governance, regulatory compliance, and public market readiness. A qualified Chartered Secretary and associate of the Malaysian Institute of Chartered Secretaries and Administrators, he has advised over 30 listed companies on compliance and corporate exercises. He leads a prominent Corporate Advisory and Share Registrar firm and is a certified trainer for the Companies Commission of Malaysia on MBRS, contributing to national reporting standards. His regulatory insight supports value creation at 229 Capital.
Michael is a serial entrepreneur with a distinguished track record in mergers and acquisitions (M&A) as well as initial public offerings (IPO). With decades of hands-on experience, he has successfully led multiple companies through complex cross-border M&A transactions and has played an instrumental role in preparing firms for public listings across major international exchanges. His strategic insight and executional excellence have consistently delivered exceptional value for stakeholders. Michael is also highly active in the business community, maintaining extensive networks with government-linked corporations (GLCs), prominent business owners, and corporate leaders across the region.
Comprehensive guidance on establishing a presence in Malaysia and United State capital markets.
We make raising capital simple by connecting you with top investors and using smart, flexible strategies.
From launching your fund to managing its growth, we offer smart investment options, clear guidance, and seamless fundraising support—empowering you to protect and grow your money with confidence.
Connecting businesses with trusted international partners and financial institutions.
Tailored financial strategies to optimize growth and returns.
Expert assistance in navigating financial regulations and compliance obligations.
Industry: Household & Personal Products
Founded in 2005 and based in Shah Alam, Malaysia, Empro Group Inc. operates through its wholly-owned subsidiary, EMP Solution. The company specializes in health and beauty products, including cosmetics and skincare. They have a presence in Thailand, Singapore, Indonesia, and Europe, where they market medical face masks and plan to expand with cosmetics and skincare.
Industry: Software – Application
Established in 2018 and based in Kuala Lumpur, Sagtec Global Limited is a leading provider of customizable software development services. They offer Speed+ smart ordering systems, along with solutions for table ordering, QR ordering, and self-service kiosks for the food industry. Sagtec also offers social media and data management services. In March 2025, they raised $7M in their IPO.
Industry: Environmental Services / Waste Management
Founded in 2011 and headquartered in Laizhou, Shandong Province, China, Hongcheng Environmental Technology Company Limited specialises in the treatment and recycling of hazardous waste from gold mining operations. The company focuses on resource recovery and comprehensive utilisation, offering products such as sulphur concentrates, gold-containing sulphur concentrates, and construction aggregates. These products are primarily utilised in chemical manufacturing and trading industries.
Industry: Water Infrastructure Solutions
Established in 90’s and headquartered in Malaysia, this company, listed on a prominent stock exchange, operates in the water infrastructure sector, providing comprehensive services for water treatment, management, and supply. With a strong presence across ASEAN countries, the company has built a reputation for delivering large-scale infrastructure solutions. Its steady growth is underpinned by its commitment to innovation and environmental sustainability, making it a trusted partner in the public and private sectors alike.
Industry: IT & Technology
Established close to 30 years ago and based in Malaysia, this organisation, listed on a renowned stock exchange, specialises in advanced IT solutions, including Artificial Intelligence (AI), software development, and cybersecurity services. With a focus on innovation and security, the company serves clients across various sectors, including telecommunications, finance, and government. Its strategic expansion across the ASEAN region reflects its commitment to providing cutting-edge technology solutions that address the evolving challenges of the digital age.
Industry: Building Materials & Construction
Incorporated in millennium year and based in Malaysia, this organisation listed on a respected market, is a key provider of construction and building materials, specialising in precast concrete and engineering solutions for major infrastructure projects. Known for its commitment to quality and sustainability, the company has strengthened its position in the regional market, with operations spanning multiple countries. Its public listing further supports its growth and strategic initiatives within the building and construction industry.
3 July 2025
Empro Group Inc. (“EMPG” or the “Company”), a rising beauty and personal care brand headquartered in Malaysia, announced the pricing of its initial public offering (IPO) of 1,375,000 ordinary shares at US$4 per share, generating approximately US$5.5 million
3 July 2025
Empro Group Inc.’s successful Nasdaq listing was supported by 229 Capital, a Labuan Private Fund. As financial advisor, 229 Capital provided regulatory expertise, market insight, and global connections to guide Empro through the U.S. capital markets and reach this key milestone.
2 July 2025
Empro Group, a Malaysian maker of face masks and cosmetics, raised $6 million in its IPO by offering 1.4 million shares at /$4.00, slightly above expectations. Priced at the low end of its range, the IPO gives the company a market value of /$33 million.
Ready to take your business to new heights ?
Level 11(A), Main Office Tower, Financial Park Labuan, Jalan Merdeka, 87000 FT Labuan Malaysia
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