MIDA, Bursa Malaysia and CMM Encourage Local Companies To Explore Alternative Fundraising
Kuala Lumpur, 15 February 2022 – The Malaysian Investment Development Authority (MIDA) through its Domestic Investment Coordination Platform (DICP) with Bursa Malaysia and Capital Markets Malaysia (CMM), an affiliate of the Securities Commission Malaysia (SC) kickstarted their seminar series on ‘Business Growth through the Malaysian Capital Market’.
This inaugural seminar, held in Port Dickson, Negeri Sembilan, was jointly organised with Invest Negeri Sembilan and attracted 35 companies from Negeri Sembilan as well as Melaka. MIDA anticipates to organise more seminars throughout the country in 2022.
Recognising the financial challenges faced by the domestic industry players, particularly the SMEs and Mid-tier companies (MTCs) to execute their business expansion plans, MIDA looks to provide opportunities for businesses to learn, evaluate and consider raising capital through the public and private markets, as well as market-based financing options such as equity crowdfunding (ECF) registered with the SC.
During the event, Mr. Sukri Abu Bakar, the Director of Domestic Investment Division, MIDA remarked “Through MIDA’s proprietary services, we have enabled various scales of local businesses, including SMEs and SMIs. MIDA’s Domestic Investment Coordination Platform or DICP aims to bridge businesses, technologies and research capability with capital funding sourced from the public and private markets. We continuously work with local regulators, technology providers and financial institutions to drive business growth by facilitating business support services to SMEs and SMIs, crucial to domestic direct investments, which bring significant economic growth.”
Mr. Azhar Mohd Zabidi, the Director of Securities Market of Bursa Malaysia added,
“Bursa Malaysia is very pleased to support MIDA in the ‘Business Growth through the Malaysian Capital Market’ seminar with Invest Negeri Sembilan. This initiative is a great way to increase awareness and create better understanding among SMEs and MTCs throughout Malaysia to ultimately tap the Malaysian capital market through various channels including IPOs (initial public offerings). IPOs will not only facilitate the raising of capital to help fulfil growth strategies, but also open doors to new opportunities for the companies at different stages of growth.”
In supporting MIDA’s efforts in developing the growth of domestic businesses, CMM shared on its Elevate Programme, a bespoke executive leadership programme for Malaysian MTCs. The 12-month capacity development programme offers guidance on business redesign strategies, fundraising models and access to fund raising through the capital market. Companies that stand to benefit from this programme include business founders, privately-held family-run businesses in their second and third generations, entrepreneurs that are looking to leverage new investors for growth strategies as well as companies that are seek listing on the local bourse to expand their footprints.
The whole-day event featured panel presentations by MIDA, Capital Markets Malaysia and Bursa Malaysia Berhad; followed by one-on-one session between participants and private equity firms such as COPE and Bintang Capital; as well as equity crowd funding (ECF) platforms, 1337 Ventures and PitchIN.
MIDA is the government’s principal investment promotion and development 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, Facebook, LinkedIn and YouTube.
About Bursa Malaysia
Bursa Malaysia is an Exchange holding company incorporated in 1976 and listed in 2005. It has grown to be one of the largest bourses in ASEAN today. Bursa Malaysia operates and regulates a fully-integrated exchange offering a comprehensive range of exchange-related facilities and is committed to Creating Opportunities, Growing Value. Learn more at www.bursamalaysia.com.
About Capital Markets Malaysia (CMM)
As part of its developmental mandate, the SC set up CMM in 2013 to spearhead both the local and international positioning and profiling of the Malaysian capital market with its wide range of conventional and Islamic products, supported by a strong governance infrastructure. CMM profiles the competitiveness and attractiveness of the various segments of the capital market to increase participation and enhance opportunities for capital market intermediaries, issuers and investors.
For more information, please contact:
Sukri Abu Bakar (Mr.)
Director, Domestic Investment Division
[email protected] | +603 2267 3685
Muhammad Nizam Ashraff Mohd Taharim
Manager, PR & Media
[email protected] | +603 2034 7348
Farina Ahmad Farid (Ms.)
[email protected] | +603 6204 8616