Malaysia’s capital market remains open to all foreign companies

Securities Commission chairman Datuk Seri Ranjit Ajit Singh

KUALA LUMPUR: Malaysia’s capital market remains open to all foreign companies wanting to list on Bursa Malaysia, said Securities Commission (SC) chairman Tan Sri Ranjit Ajit Singh.

“We’ve always allowed foreign listings in Malaysia. The guidelines and approaches are there,” he said in response to a question on the SC’’s efforts at luring foreign companies, apart from China, to list on Bursa Malaysia.

Ranjit was speaking to reporters on the sidelines of the one-day Islamic Finance and Public-Private Partnership for Infrastructure Development Forum here today and jointly organised by the SC and the World Bank.

He said all foreign companies seeking listing in Malaysia must fulfil the relevant requirements.

As of now, there are about 10 foreign companies based in Malaysia, and includes Kanger International Bhd and Maxwell International Holdings Bhd.

It was reported that in 2006, Malaysia, through the SC, had liberalised the capital markets guidelines for the country to allow large foreign-owned firms having operations outside, to seek primary or secondary listings on Bursa Malaysia’s Main Market.

The conference also featured the sharing of Malaysia’s extensive experience in using Islamic financial instruments to support infrastructure development as data shows that 61% of the world’s infrastructure sukuk was issued out of Malaysia while the Global Infrastructure Investment Index 2016 ranks Malaysia as the second most attractive destination for infrastructure investment in Asia, and fifth in the world. - Bernama