KUALA LUMPUR: Bursa Malaysia Bhd
has entered into a memorandum of collaboration with Unit Peneraju Agenda Bumiputra (Teraju) to facilitate the participation of bumiputra companies in the Malaysian capital market through initial public offerings (IPOs).
In a joint statement, they announced that the collaboration aimed to empower bumiputra 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 bumiputra companies towards compliance with the IPO listing requirements and getting these companies ready for IPO,” they said.
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 chief executive officer Datuk Fad’l Mohamed said: “There is considerable untapped potential among bumiputra companies and we are committed to supporting them in taking the next step towards becoming listed companies.” — Bernama
