Will issuers receive partial funds if their campaign does not hit the targeted amount?

No. Malaysian equity crowdfunding legislation only allows for the All-Or-Nothing funding model. Issuers must raise the targeted amount from investors or the campaign is considered unsuccessful and money collected is returned to the investors. Issuers are also free to set minimum and maximum target amounts for their fundraising campaigns. In such cases, the campaign is considered as successful when the minimum target amount is reached. The issuers can then proceed to accept more investments until they reach their maximum target.