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P2P Lending Platforms in Malaysia

P2P Lending Platforms in Malaysia

As of today, there are a total of six P2P Lending platforms which are officially recognised and regulated by the Securities Commission (SC), which translates into six reliable and safe ways for you to get involved in P2P Lending in Malaysia.

These six are listed below along with their unique traits to help you assess which platform suits you best, so that you can make investments which truly complement your lifestyle and needs. In alphabetical order, they are:

1. AlixCo

AlixCo may be based in Malaysia, but it welcomes investments from investors all across world, and is not restricted specifically to investors who are residents of Malaysia.

2. B2B Finpal

Although this platform has a sizeable requirement in terms of the minimum deposit needed to open an investment account, any excess deposited funds which have not been invested in campaigns can be withdrawn at any time without any charges or fees.

3. Funding Societies

Funding Societies is a good option for investors who are especially particular about the safety of their investments, as it was the first P2P platform in Southeast Asia to employ the usage of an escrow to verify all its investors and issuers before performing transactions on their behalf.

It is also open to investors from all over the world, although charges may be incurred by banks for international transactions.

4. Fundaztic

Aside from its low minimum investment requirement, Fundaztic also offers a Fundaztic Bonus which amplifies the actual investment of new investors. For example, if a new investor invests RM50, the Bonus can double it to RM100.

To be eligible for this Bonus, new investors must register for their Fundaztic accounts during promotional periods. A limited number of these bonuses are offered during each promotional period too.

5. Nusa Kapital (NuKap)

NuKap is the world’s first Shariah-compliant P2P Lending platform, which makes it particularly suitable for Muslim investors who would like to ensure that their investments do not break religious laws.

6. QuicKash

QuicKash boasts a minimum interest level of at least 8% for the investments it offers, and is also able to provide quick investment opportunities with tenure periods that are as short as just one month. This makes it ideal for those who prefer to invest their money for short periods of time, instead of keeping their investments locked away for extended durations.

Basic requirements of P2P Lenders in Malaysia

P2P PlatformMinimum
Deposit
Minimum
Investment
Other
Requirements
AlixCoNoneRM500 per campaignAt least 18 years old1% of total repayment is charged as investment fees
B2B FinpalRM1,000 to start an accountRM100 per campaignAt least 21 years oldMalaysian residents only30% of total interest is charged as part of an Interest Sharing Scheme
Funding SocietiesRM1,000 to start an accountRM100 per campaignAt least 21 years oldEither 2% of total repayment or 15% of interest payment is charged as investment fees, depending on the kind of financing they opt for
FundazticNoneRM50 per campaignAt least 21 years oldMalaysian investors only1% of monthly repayments as platform management fees
Nusa Kapital (NuKap)NoneRM500 per campaignAt least 18 years oldA permanent address in Malaysia10% of total returns is charged for platform management fees
QuicKashNoneRM100 per campaign1.25% to 1.50% of total repayment is charged as service fees

This article is sourced from https://www.gobear.com/

5 Benefits of Crowdfunding and 5 Keys to Success

Crowdfunding is getting a group of regular individuals to collectively fund your venture. And when I say “regular individuals” I am contrasting them to professional investors and lenders like banks, venture capitalists and angel investors.

Clearly, crowdfunding gives the key benefit of providing funding to your business. But, I have found other key benefits. Below I list those benefits as well as 5 keys to successfully raising crowdfunding.

5 Benefits of Crowdfunding

1. Market Research

Pre-selling your product is incredible market research. If people buy it, then your marketing message is on target and there is a real need for your product or service.

If people don’t buy it, then maybe a market doesn’t exist, or you need to adjust your marketing message or target market.

In either case, getting this market research BEFORE raising or trying to raise a ton of money is invaluable. It allows you to test whether you have a winner before going through this process.

2. Built-in Customer Base

When you get others to fund you via crowdfunding, you build a customer base. If you provide a good product or service, these customers will be prone to buy more products and services from you (the same products, upgrades and/or new products you develop) in the future.

3. Case Studies/Testimonials

Showing case studies and testimonials from customers is a great way to convince new customers to buy from you. And you can get these case studies and testimonials from those customers you gain from crowdfunding (assuming you delivered them the product/service and they liked it).

4. Word of Mouth Marketing

People who fund your company will tell their friends about it. Particularly if you make them feel like founders/initial investors (which you can easily do via email and on your website).

Done correctly, crowdfunding can result in thousands of customers, most of whom can tell numerous friends and colleagues about your products and services. This word of mouth marketing can be worth millions of dollars.

5. PR

Local media sources are enamored with crowdfunding as it’s new and unique. As a result, countless entrepreneurs who have raised crowdfunding have been profiled in local newspapers, radio shows and TV broadcasts.

So, with some legwork, raising crowdfunding can get you lots of PR.

So, now that you understand the benefits of crowdfunding, how do you raise it? Below are five keys.

5 Keys to Raising Crowdfunding

1. Inspire People

When you tell your “story” to potential crowdfunders, inspire them. Yes, they are investing in your product or service, but they are also investing in you. Give them an inspiring story about yourself and why you are building your company. Inspire them to want to help you.

2. Provide Value

When people crowdfund you, they need to get something in return, such as equity in your business or your promise to give them a certain quantity of the product or service you create. Make sure potential crowdfunders feel they are getting value for their investment. If not, they won’t fund you.

3. Create Social Proof

Social proof is the psychological concept that if someone sees someone else doing something, they are more prone to do, or want to do, that same thing. For example, a line outside a bar shows social proof that the bar is hip/cool/the place to be, and inspires others to want to go inside.

Social proof can be created in crowdfunding. Here’s how. As soon as you launch your crowdfunding project, get as many of your friends and family as possible to fund it. Then, when others that don’t know you go to your crowdfunding page, they will see that lots of other people have already funded you. This will make them much more likely to fund you too.

4. Market and Build Buzz

Even if you have the coolest company, product or service in the world, chances are that crowdfunders won’t automatically beat a path to your door. Rather, you need to market your crowdfunding raise. Email all your friends about it and tell them to do the same. Tell everyone on Facebook and Twitter about it. And so on. Even if your company is buzzworthy, you need to first create the critical mass of people who know about it and can spread the word. So make sure you do just that.

5. Don’t Slow Down

Once you start getting more and more backers to your crowdfunding campaign, don’t just sit back and let the money roll in. Crowdfunding is a fixed-term capital raise. For example, on Kickstarter, your crowdfunding campaign can only last 90 days. So, once those 90 days is up, you can’t raise more money (you’d have to start and market a separate campaign later). So, during the campaign, try to raise as much money as possible. Communicate with those who have backed you. Thank them and tell them to tell their friends to back you too. And make sure they don’t have “buyer’s remorse” – assure them that you remain steadfast in achieving the vision you laid out when you convinced them to back you.

Crowdfunding is an exciting new source of funding with many benefits. To get it, prepare yourself and follow these steps.

by Dave Lavinsky. President of Growthink.com

SC selects six platforms for equity crowdfunding in Malaysia

Alix Global, Ata Plus, Crowdonomic, Eureeca, pitchIN and Propellar Crowd+

THE Securities Commission Malaysia (SC) has announced the approval of six registered equity crowdfunding platforms, giving small businesses and entrepreneurs greater access to capital.

The six platforms are Alix Global, Ata Plus, Crowdonomic, Eureeca, pitchIN and Propellar Crowd+. They are expected to start operations by the end of 2015, the SC said in a statement.

The equity crowdfunding (ECF) framework is an important milestone for inclusivity in the Malaysian capital market, said Ranjit Ajit Singh, SC chairman and also chair of the Malaysian Venture Capital Development Council (MVCDC).

“The establishment of the ECF is a component of SC’s strategy to democratise finance,” he said at the two-day Synergy and Crowdfunding Forum 2015 (SCxSC) which kicked off today (June 11).

“Over the years, Malaysia has developed a diversified and well-established RM2.8-trillion (US$745-billion) capital market, helping businesses to grow as well as financing long-term investments in the economy.

“However, for capital markets to be inclusive; small and medium enterprises (SMEs) and startups must also be able to obtain market-based financing.

“Hence, it is timely to further widen access through innovation in financial technologies such as ECF platforms,” he said.

The SC is keen to roll out ECF in Malaysia, saying an alternative funding channel like this can facilitate the growth of new small-scale enterprises which contribute significantly to the national economy.

In August 2014, it published a consultation paper requesting feedback, and released initial guidelines in early February under Section 34 of the Capital Markets and Services Act 2007 to introduce new requirements for the registration of ECF platforms and provide governance arrangement for the operator of such platforms.

A call for registration to become ECF operators was also released in February. A total of 27 applications to operate an equity crowdfunding platform in Malaysia were received from a diverse group of interested parties, both foreign and domestic, the SC said.

The SCxSC forum today also saw the signing of an MoU (memorandum of understanding) between Multimedia Development Corporation (MDeC) and three of the six platform operators – Crowdonomic, pitchIn and Propellar Crowd+ – to conduct programmes in funnelling ICT companies to the ECF platforms.

The SCxSC forum, which attracted over 800 participants, was organised in collaboration with Maybank, MDeC, Cradle Fund, Malaysian Business Angels (MBAN) and #edGY, a publication that focuses on youth entrepreneurship and startups.

By Digital News Asia

The Pros and Cons of Equity Crowdfunding

Rising money to build and sell a product or mobile app is the best reason to seek crowdfunding, and will likely remain the best reason once the government completes rules to allow startups to sell company equity using crowdfunding websites.

The Securities and Exchange Commission (SEC) is still developing rules to legalize equity crowdfunding, which would allow regular people (non-accredited investors) to fund companies in exchange for equity. It’s still unclear what shareholder voting rights these rules will give to equity crowdfunding investors. But crowdfunding might be more trouble than it’s worth for tech startups who want to build a large business rather than a consumer product.

For starters, venture capital firms and angel investors will be less interested in a company if it comes attached with hundreds of crowdfunding investors, according to John Taylor, head of research for the National Venture Capital Association (NVCA).

“If an entrepreneur walked into a venture capital firm with a great idea, or even a working prototype, but pointed out that they had 300 shareholders, that would probably be the kiss of death,” Taylor said. “You need to plan on day one if your company is going to be big enough to need angel or venture capital investment.”

History

Existing crowdfunding websites including Kickstarter and Indiegogo allow entrepreneurs to offer various gifts or the finished product they are developing in exchange for donations, but they cannot sell company stock.

The Jumpstart Our Business Startups (JOBS) Act signed into law in April 2012 required the SEC to update securities laws to allow equity crowdfunding on websites, giving the commission a deadline of December 31, 2012. The SEC proposed rules in July to allow companies to advertise to average Internet users that they were raising funding – a provision called “general solicitation” – but businesses are still waiting for key rules to allow equity crowdfunding.

Benefits

Benefits of equity crowdfunding could include the ability to raise money quickly on websites without having to agree to fundraising commitments set by venture capital firms, said Andrew Sherman, a partner at Jones Day, who has represented numerous tech startups. Selling equity via crowdfunding would allow entrepreneurs greater freedom to set their own commitments when seeking fundraising for equity, unlike selling publicly traded stock on Wall Street, Sherman added.

Gaining hundreds of investors via websites could also mean online popularity for a startup because people would tweet and post about the company to protect their investment, he said.

Drawbacks

Despite these potential benefits, Sherman predicts crowdfunding will still appeal more to consumer products rather than startups with “business to business” strategies. The potentially easy money of crowdfunding will also likely not be able to compete with the expertise on business growth that angel investors and venture capitalists could offer to startups, Sherman added.

“I’m worried there will be some entrepreneurs who think that since they are taking money in smaller increments that they don’t have to put as much thinking into their business plan,” said Sherman, who has written 24 books about business growth.

The legal commitments of equity crowdfunding could also be a heavy burden for tech startups. It’s unclear what the SEC rules will require for equity crowdfunding, but the company selling shares would likely be committed to some level of financial disclosure, said Darren DeStefano, a partner at Cooley LLP, who focuses on securities law.

Because crowdfunding investors might be less savvy about the risks of online investment, it may also be difficult for busy startup entrepreneurs to manage investors’ expectations, he explained.

“There are huge concerns of raising capital from people you don’t know and probably will never meet,” DeStefano said. “These transactions are subject to anti-fraud rules and there are big risks of litigation when things don’t go well.”

Potential

Equity crowdfunding has massive potential despite these potential risks, said Daryl H. Bryant, founder and CEO of StartupValley, an equity crowdfunding platform focused on technology startups. The SEC is behind on its deadline to propose rules for equity crowdfunding, but StartupValley is already signing people up, waiting for the day when equity crowdfunding becomes a reality, he said.

Bryant predicts that “a lot of people are going to be quite surprised” about crowdfunding investors’ potential to offer companies advice and industry connections, which a venture capital firm might also offer.

“If you raise funding from 1,000 investors, you have a broad range of relationships that can help you with connections and give you feedback on your product,” Bryant said. “Moving forward, this will become a new norm on how companies raise capital.”

by Tom Risen, Twitter @TomRisen. http://tech.co/

Top 5 Things You Should Know About Equity Crowdfunding Platforms

“What should I look out for when choosing an equity crowdfunding platform?” If you think the platforms are all the same you could find yourself out of luck and out of pocket a few years down the line.

[Disclaimer: I’m a co-founder of SyndicateRoom, one of the equity crowdfunding platforms covered in this article. Throughout the article care has been taken to separate my opinion from facts related to each platform. It was assumed an average investment of £2,500, roughly the average that each online investor commits per investment.]

While less savvy investors, and the media, are picking up on the fact that investing in companies through crowdfunding poses a risk which is inherent to investing in any young company, less notice has been taken of the underlying danger posed by the platforms through which the transactions are made and the deals are arranged.

The three largest equity crowdfunding platforms in the UK are Seedrs (minimum investment of £10 into very early-stage startups), Crowdcube (minimum investment of £10 into startups), and SyndicateRoom (minimum investment of £1,000 into early-stage and more established companies).

Here then, are the top 5 things an investor should look for when selecting an equity crowdfunding platform to invest through.

1) Is the platform entrepreneur-led or investor-led?

Entrepreneur-led platforms are those where entrepreneurs set the investment terms including share price and the amount of equity given away. Investor-led platforms are the ones where a lead investor negotiates more beneficial terms for investors, invest their own money and then the crowd can invest under the same terms. If you think of Dragons Den, entrepreneur-led platforms allow you to invest at the bottom of the stairs, before any negotiation. Investor-led platforms allow you to invest with the Dragons at the end of a pitch and for the amount of equity as they have negotiated for themselves.

2) Can I get diluted out?

If the shares on offer come with pre-emption rights, this means that investors have the right to ‘follow’ their money in subsequent funding rounds, protecting them from future dilution. For those of you that have watched the movie ‘The Social Network’ and wondered how Facebook managed to dilute the shareholding of Eduardo Saverin, one of the business’ founders of Facebook, from 30% to just 0.5%, this is how. Any investor without pre-emption rights could invest in the next Facebook but not see any returns. You will instead be supporting someone else to get rich whilst running the risk of being pushed aside when it really matters. All in an entirely legal process. This is how it works:

A company has 100 shares. Say that your investment bought you one share out of the 100. You own 1% of the company. Now imagine that you invested in the next Facebook and it is going to be sold for £100m next week. You get your calculator out and find out that you will get £1m, which is pretty cool. So you treat yourself to a Ferrari and a nice yacht, which you’ll pay for next week when the company gets sold and you get paid your £1m. Except that you won’t. In an entirely legal process, the entrepreneur could issue 1,000,000,000 shares the day before the company gets sold and buy them all for £1. If you don’t have pre-emption rights you cannot buy any of these shares. Now suddenly, instead of owing 1% of the company, you own 0.0000001% and will be paid £0.10 back.

So instead of being paid £1m, you are paid £0.10. All because the crowdfunding platform you invested through didn’t give you pre-emption rights.

When super-angel Jonathan Milner was asked whether he would ever invest in a good business opportunity without pre-emption rights, he categorically said no. So did business angel Graeme Porteous and a number of others. No business angel would ever accept investing without pre-emption rights, so why should the crowd get any less just because the amounts they invest are smaller?

3) What is the due diligence like?

Due diligence is a detailed investigation of a company by a potential investor, for the purpose of evaluating that company as an investment opportunity. This is an extraordinarily important part of the investment process. However, due to financial regulations and none of the platforms wanting to attract potential liabilities, the due diligence carried out tends to be hidden away and not shared with investors.

4) Direct shareholding or nominee structure?

Much has been written around this topic. There are two perspectives:

From an investors’ point of view, having a ‘middleman’ hold the shares on your and other investors’ behalf (i.e. a nominee structure) can be beneficial, as a group of small investors can act as protection from not-so honest entrepreneurs (less likely) and/or future institutional investors or venture capitalists (a lot more likely). However, most investors prefer to hold their own shares directly and be part of the shareholders’ agreement, which is the usual process for experienced investors.

From the companies’ perspective, the nominee structure makes the administration of the shareholders less cumbersome. However, there are easy ways to manage a larger number of shareholders effectively. Companies such as Inform Direct liaise with Companies House on a company’s behalf for less than £10/month, and for a similar cost there are companies that will organise updates and reports for investors.

5) Is it FCA authorised?

The way money flows internally is strictly controlled by the regulator (FCA). If a platform is not authorised by the FCA, you cannot be confident that your money is being handled correctly, or that it is safe during transaction.

I cannot stress how important investors’ protections are. You are investing your hard-earned cash and investing in companies is risky as it is. It doesn’t matter how good you are at spotting the next great opportunity; if you don’t have decent investor protections you may still lose your money . What is the point of investing in the next Facebook if you don’t profit from it? You won’t be investing; you will be giving your money away to fund someone else’s success.

by Gonçalo de Vasconcelos, the CEO of leading equity crowdfunding platform SyndicateRoom. http://www.forbes.com/

EUREECA

Eureeca is the first global equity crowdfunding platform. It enables members of its investor network, who range from casual and angel investors to institutional firms, to buy shares in growth-oriented businesses, while providing operational businesses with crucial access to capital.

Eureeca is a twice-regulated platform, having received licensing from the UK Financial Conduct Authority and the Securities
Commission Malaysia in 2015. From its offices in Dubai, London, Kuala Lumpur, Eureeca offers high-yield potential investment opportunities from the Middle East, Europe, and Southeast Asia to its 10,000-strong investor network. Businesses raising funds can leverage this network for capital, strategic connections, and expansion into new markets.

http://eureeca.com/

Crowdo

Crowdo is Southeast Asia’s biggest crowdfunding company with a mission to empower Innovators and Entrepreneurs in Asia. We are leading the way in Asia with a comprehensive portfolio of Finance 2.0 solutions and services. Our team of Financial-Technology professionals offers our clients and partners more than 30 years of combined management experience in the finance, technology and innovation space with backgrounds from world-class professional firms, corporations and financial institutions.

We also work with large corporations to implement their innovation agendas and to access financial, relationship and knowledge capital by harnessing the power of the crowd. Our clients range from start-ups to large scale Hi-tech companies to global social organizations.

Crowdo is internationally recognised as a leading brand within the industry in Asia and enjoyed extensive coverage in both regional (Straits Times, Business Times, #edGY), international media (Bloomberg, CNN Money, Tech Crunch) as well as TV (BBC News, Channel News Asia).

INVEST

One destination to find and invest in Asia’s hottest startups. Find out what industry professionals are backing and invest alongside with them

RAISE FUNDS

Crowdfunding is a powerful and efficient way to raise funds and take your business to the next level. Join us to network with a global community of investors

www.crowdo.com

ATA PLUS

The word “AtaPlus” means for us to participate in an active and extended strategic alliance manner.

Being one of Malaysia’s first Online Equity Crowdfunding platform, we are proud proponent for democratisation of wealth and financial inclusion in the ‘new economy’. We believe that matching capital with exciting businesses has a far reaching productive social and economical outcomes.

Our strength lies in a comprehensive networks of players and communities that together, builds the ATA PLUS ecosystem. The ecosystem is designed to help partnership between investors and entrepreneurs in lowering the barriers for both to move forward. Investors can leverage on this ecosystem to manage risk in supporting sustainable business, thus putting everyone at a ‘plus’!

We are part of the crowdfunding ecosystem that is driven by communities seeking to democratize wealth and bring capital to a productive outcome. This is done by encouraging risk-sharing and enhancing financial inclusion of those with savings. The model therefore will not only bring wider business access to financing, but also to stimulate positive social benefits through entrepreneurship.

http://www.ata-plus.com/

pitchIN

pitchIN will bring the best of Malaysian companies onto the equity crowdfunding platform. We will be discerning in our approach to listing companies, always seeking to source out great investing opportunities.

pitchIN has strong partnerships established with agencies that matter. Cradle Fund is our equity crowdfunding platform partner. We have also relationships with Multimedia Development Corporation (MDeC), Malaysian Global Innovation and Creativity Centre (MaGIC), Malaysian Technology Development Corporation (MTDC), Technology Park Malaysia (TPM) and others.

pitchIN is also well connected within the startup community. We have close ties with leading accelerators, incubators, universities and startup groups. The pitchIN founders have the right mix of startup connectors and financial services experts. We know both sides of the business

EQUITY CROWDFUNDING

Equity crowdfunding is an online service for entrepreneurs to raise capital for their business ventures from investors. The companies are listed on the platform along with details of the companies, the amount of capital sought and the shares being offered. Investors have transparent access to evaluate and take up stakes in the venture. The nature of equity crowdfunding uses the wisdom of the crowd to source out best investment opportunities.

INVESTORS

Equity crowdfunding enables investors to discover great new startups. This new method of raising capital opens up ground floor investing opportunities that were previously accessible only to industry insiders. Investors leverage on the power of the crowd to take stakes in new businesses alongside established business angel and sophisticated investors.

BUSINESSES

Equity crowdfunding is an efficient way to raise capital for entrepreneurs. Traditional funding avenues tend to be bureaucratic and not favourable to early stage companies. Equity crowdfunding campaigns reach a widespread number of investors; increasing the possibility that entrepreneurs will connect with suitable investors.

http://pitchin.my/

Propeller Crowd+

CrowdPlus.asia is an equity crowdfunding platform backed by Netrove Ventures Group, a regional tech-based venture capital firm and Propellar Corporation Ltd, an equity crowdfunding operator based out of Hong Kong.

Leveraging on a tried and tested deal sourcing and selection process that will enhance the quality of deals presented to the crowd for equity funding, our platform also launches our unique “QMI” feature that will bring to play qualified mentors and investors across the region to achieve greater value creation and enhance success for companies funded through CrowdPlus.asia.

Using Malaysia as the equity crowdfunding hub for ASEAN, CrowdPlus.asia will collaborate with various government agencies in Malaysia and the region and tap into various early-stage incubators and investing networking groups across the region to build an ecosystem for entrepreneurs to be mixing with the “right crowd”.

RAISE CAPITAL

If you are a start-up, early and growth- stage business but lack funding, help your venture take flight with equity crowdfunding. It is an innovative way to engage with an investor community in one place and raise capital efficiently.

Access to capital: You don’t have to rely on a bank. Instead, you raise funds for your business through a large pool of people

Harness “crowd” power: Gain access to a community of peers and mentors with the necessary business savvy and know-how to clue you in on how to turbo-charge your venture, and elevate it to greater heights. The crowd also doubles up as a built-in vetting system that can weed out weak investments or actively promote strong ones.

Simplicity: Raise funds quickly and easily. Application is done online and any start-up , early and growth- stage company can raise funds without restriction.

Visibility for your venture: Generate buzz and widespread media coverage via a successful crowdfunding campaign.

INVEST – HOW IT WORKS

1. Sign Up: Sign up as a user – it is quick and free.

2. Browse offers and invest: View the offers available and click “Invest” to make an investment.

3. Verification:We conduct background checks and our “Know Your Client” procedure on investors. Upon completion if your application is successful, you will be notified of your acceptance.

4. Transfer of funds: Transfer funds to our trust account to secure your investment. A 6 business-days cooling off period commences once funds are transferred.

5. You are now a shareholder: If your offer is successful, the agreement and share certificates will be sent to you. Otherwise, your funds will be returned to you. Acceptance as a shareholder also allows you access to our website for continuous monitoring and updates.

WHY US

Invest in the Best: We screen and review businesses who apply to us to ensure that they are viable, appropriate and engaging. This allows us to select quality businesses.

Affordable: With a minimum investment of as low as RM500 almost anyone can invest. Investors do not incur a fee for investing as it is done online.

Risk Management: Investing in businesses listed online is risky. We properly manage the risk through our strong controls, including detailed due diligence and our “Know Your Client” procedure.

Investor Protection: Investors are further protected by our professional-grade shareholder agreements.

Ongoing investor relations: Connect and interact with businesses easily through our platform. Investors can also get regular updates and continuous disclosure from them.

www.crowdplus.asia


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