One Asset Management executives insist that they have managed the state-sponsored SME Venture Capital Fund with full professionalism, and that delays in closing deals were due in part to the structural difficulties of many of the small and medium-sized enterprises they deal with.
The government has been reviewing whether One Asset should lose its management mandate of the venture capital fund due to slow progress.
Wiwan Tharahiranchote, managing director of One Asset, recently clarified the fund's performance, problems and obstacles to officials of the Institute for Small and Medium Enterprise Development.
However, no solutions were proposed to counter allegations that One Asset had failed in its mission to help SMEs.
