LUMPUR, 13 November 2019
YB Dr. Ong Kian Ming, Deputy Minister of International Trade and Industry (MITI), in his speech highlighted, “This forum is an excellent opportunity for businesses with global ambitions to gain valuable insights on the benefits, requirements and processes involved in the listing exercise. In line with the Government’s Shared Prosperity Vision (SPV) 2030 that seeks to boost SMEs contribution to the GDP from the present 38% to 50% by 2030, it is crucial that SMEs are equipped with the necessary knowledge and take advantage on the opportunity to access equity markets to unlock their true business potential.”
“Listing a company in Bursa Malaysia is not just about selling stocks. Besides facilitating fund raising to expand business activities, the listing will also elevate the status of the companies. It is also a testament to the success and long term viability of the business. The process of being listed could be seen as complex and time consuming but with the professional advice and facilitation provided through the Forum, we hope that everyone will have better understanding and knowledge from this event,” added YB Dr. Ong Kian Ming.
Dato’ Azman Mahmud, Chief Executive Officer (CEO) of MIDA
said that the Forum is part of MIDA’s ongoing initiatives to facilitate
companies that plan to expand their businesses and attract investments, “The
dedicated Investment Coordination Platform (ICP) unit in MIDA has assisted more
than 200 companies in the manufacturing, services and primary sectors, in
conducting business-to-business (B2B) matching as well as capital raising
through debt and equity, Mergers and Acquisition (M&A), divestments and
Datuk Muhamad Umar Swift, CEO of Bursa Malaysia said “Taking your companies public is more than just giving you access and opportunity to raise capital. Being listed will also instil the necessary discipline to adopt frameworks that will have a positive effect on the company. Bursa Malaysia will continue to play an active role to develop initiatives to improve the ecosystem and broaden access to investors. I encourage companies to talk to our IPO Marketing team for a free consultation and guidance on the listing process. Given the vital role SMEs play in the growth of the economy, we would also like to commend the government’s efforts in Budget 2020 to make listings on the ACE and LEAP Markets more affordable to help SMEs raise capital through the capital market.”
During the event, the Industrial Park Directory of Malaysia was also launched. The publication was the undertaken in conjunction with the series of Industrial Park Forums organised by MIDA and the Federation of Malaysian Manufacturers (FMM) throughout the country last year. This is in line with the Government’s priority to facilitate quality investments to support domestic companies through strategic public-private partnerships.
Forum was well attended by 200 participants with a line-up of prominent
speakers from the investment, financial and industrial segments. The two panel
discussion sessions during the forum were entitled ‘Driving Growth via the
Capital Market’ and ‘Bridging the Listing Gap through Pre – IPO’. There were
also presentations on topics covering market outlook, overview of the listing marketplace on
Bursa Malaysia as well as the overview of MIDA’s investment facilitation.
For more information, please contact:
Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid
Director, Domestic Investment & Supply Chain Coordination Division
03-2267 6633 | [email protected]
MIDA is the government's principal promotion agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram and Facebook.