FOREIGN firms with Malaysian operations see the latest relaxation of rules by the Securities Commission (SC) to allow them to seek a direct listing on the KLSE as a welcome development, but many are not about to take up the offer just yet.
Most of the foreign incorporated companies said listing on the local exchange would undoubtedly offer them an additional avenue to raise funds, but they had to wait for instructions from their head offices before making any such decision, and this could take a while.