KUALA LUMPUR: Bursa Malaysia Bhd
has entered into a memorandum of collaboration with Unit Peneraju Agenda Bumiputera (TERAJU) to facilitate the participation of Bumiputera companies in the Malaysian capital market through initial public offering (IPO) listings.
In a joint statement today, both parties announced that the collaboration aims to empower Bumiputera companies and enhance market diversity to unlock new opportunities for investor engagement and economic growth.
"Bursa Malaysia will collaborate with TERAJU to guide and equip high-potential Bumiputera companies towards compliance with the IPO listing requirements and getting these companies ready for IPO.
"This includes providing IPO-related advisory support, facilitating networking opportunities with capital market intermediaries, and delivering targeted capacity-building programmes,” they said.
Meanwhile, TERAJU will identify promising companies for participation in IPO readiness programmes, facilitating access to essential funding and incentives to support their transition to the public market, and coordinating with various stakeholders.
Bursa Malaysia’s chief executive officer Datuk Fad’l Mohamed said the initiative aligns with national ambitions under the Bumiputera Economic Transformation Plan 2035 (PuTERA35), which targets 30 per cent Bumiputera equity ownership by 2035, signalling a broader and more inclusive economic future.
"There is considerable untapped potential among Bumiputera companies, and we are committed to supporting them in taking the next step towards becoming listed companies.
"This collaboration underscores the exchange’s proactive approach in building a strong IPO pipeline through deliberate and sustained engagement with potential issuers, working hand-in-hand with ecosystem partners such as TERAJU,” he said.
TERAJU chief executive officer Junady Nawawi said the collaboration reflects a firm commitment to supporting Bumiputera companies in navigating the IPO journey.
"This initiative focuses on addressing the missing middle, mid-sized Bumiputera companies with strong growth potential that often fall between existing support frameworks,” he said. - Bernama
