Malaysia’s pipeline of initial public offerings is expected to get a boost from firms seeking capital for energy transition projects as Asia weans itself off fossil fuels, according to the top official at the local bourse.
Some of these are large companies and "as projects actually come through, where there are sustainable cash flows and generated income, they will be looking at capital markets to IPO,” Datuk Fad’l Mohamed, chief executive officer of Bursa Malaysia Bhd
., said at the Bloomberg Sustainable Business Summit in Singapore. There are also enough investors in the market to support demand for sustainable assets, he added.
