Lo­cal firms can seek al­ter­na­tive fund­ing through pub­lic list­ing ex­er­cises with Mida’s help

New Straits Times - - Business -


KUALA LUMPUR ru­pa­banerji@me­di­aprima.com.my 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),

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