Kuala Lumpur, May 12 – In conjunction with its 50th Anniversary, the Malaysian Investment Development Authority (MIDA) has collaborated with Bursa Malaysia Berhad to organise a forum on listing opportunities on Bursa Malaysia.<\/p>\n
Themed \u2018Grow Your Business, List on Bursa\u2019, the half-day forum serves as a platform for companies to obtain insights on the benefits, processes and procedures involved in creating a successful initial public offering (IPO). The forum which was held at MIDA headquarters in Kuala Lumpur Sentral was graced by Deputy Minister of International Trade and Industry, YB Datuk Haji Ahmad Maslan.<\/p>\n
During his speech, YB Datuk Haji Ahmad Maslan said, \u201cThis forum is certainly in line with the Government\u2019s on-going efforts to increase the competitiveness of our domestic players. We want more local companies to integrate into the international supply chain and become global champions. As the world is being shaped by new and emerging technologies, domestic players need to align themselves by adopting new processes and different ways of doing business, such as automation, robotics and other smart technologies. This will require businesses to invest in new technologies, upskilling of talents as well as research & development activities.\u201d<\/p>\n
\u201cFor entrepreneurs with global ambitions, taking your company public is not just about selling stock but it is also a testament to the success and long-term viability of your company. The process of being listed may require much commitment but the payoff is surely worth the effort. This includes raising strategic financial assets, which benefit businesses in accessing funds for further growth and expansion. As much as we encourage local companies to leverage on Government facilities, we are also looking at long-term solutions. As such, this collaboration between MIDA and Bursa Malaysia is timely to encourage local companies to look beyond depending on Government\u2019s facilities and grow their own resources towards sustainable growth,\u201d he added.<\/p>\n
Based on MIDA\u2019s records, there are more than 300 private companies in Malaysia which meet the prerequisite for listing on Bursa Malaysia\u2019s Main Board. These companies which have registered an uninterrupted profit after tax of more than RM20 million for a period of 3 to 5 full financial years, have yet to take advantage of being listed.<\/p>\n
On the collaboration with Bursa Malaysia on this event, Datuk N. Rajendran, Deputy Chief Executive Officer of MIDA said MIDA shares the same commitment as Bursa Malaysia to help businesses scale new heights. \u201cHaving the same chairman, namely Tan Sri Amirsham A. Aziz, has also provided an added advantage to this collaboration,\u201d said Datuk N. Rajendran.<\/p>\n
He further added, \u201cThis year marks five decades of MIDA\u2019s commitment in transforming the nation under different phases of industrial development. Despite being half a century old, MIDA\u2019s priority remains the same. We are here to ensure that Malaysia achieves its goals and aspirations to become a high-income nation. We continue to focus on developing a conducive environment for businesses to thrive. We want to foster a strong and comprehensive ecosystem towards ensuring the long-term sustainability of Malaysia\u2019s economy.\u201d<\/p>\n
The event featured a line-up of prominent speakers from the investment, financial and industrial segments, namely MIDF Amanah Investment Bank, Cheang & Arif, and Deloitte. Topics covered were \u2018Getting Ready \u2013 How to Avoid Pitfalls?\u2019 and \u2018Listing Opportunities in Bursa Malaysia\u2019.<\/p>\n
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Kuala Lumpur, May 12 – In conjunction with its 50th Anniversary, the Malaysian Investment Development Authority (MIDA) has collaborated with Bursa Malaysia Berhad to organise a forum on listing opportunities on Bursa Malaysia. Themed \u2018Grow Your Business, List on Bursa\u2019, the half-day forum serves as a platform for companies to obtain insights on the benefits, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-489","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=489"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/489\/revisions"}],"predecessor-version":[{"id":5621,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/489\/revisions\/5621"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}