Equity fundraising leads the way in applications

Securities Commission Malaysia building at Kuala Lumpur.

PETALING JAYA: The Securities Commission (SC) says equity fundraisings continued to register a higher number of equity applications submitted in 2023, compared with 2022.

Out of the 22 equity applications received by the SC in 2023, nine of which were for initial public offerings (IPOs), two in relation to a proposed acquisition resulting in a significant change of business direction or policy and 11 were for transfer of listings to the Main Market of Bursa Malaysia.