Local firms can seek alternative funding through public listing exercises with Mida’s help
KUALA LUMPUR email@example.com said Deputy International Trade and Industry Minister Datuk Ahmad Maslan when opening a forum, which was held in conjunction with Mida’s 50th anniversary, here yesterday.
Themed “Grow Your Business, List on Bursa”, the half-day forum was jointly organised by Bursa Malaysia.
Mida deputy chief executive officer Datuk N. Rajendran said there were more than 300 private companies earmarked for listing on Bursa Malaysia’s Main Market, from an annual assessment of 4,000 companies.
These companies, with paid-up capital of more than RM2.5 million, have registered uninterrupted net profits of more than RM20 million for three to five full financial years, but have yet to take advantage of being listed.
“We hope more local companies, including SMEs (small and medium enterprises),