“Not only can the current economy support SMEs, but the ministry will also help open external market opportunities.
“SMEs have a great opportunity to get listed with Bursa Malaysia.
“SME entrepreneurs have to be smart in using existing opportunities to get their companies listed with Bursa Malaysia, as a channel for funding and to grow their businesses,” he said during a press conference at the closing of the Public Listing Seminar 2019 titled ‘Going Public - Unlocking the Potential of SME’s’, at Hotel Equatorial Penang recently.
Mohd Redzuan said the ministry was focusing on technology and risk assessment to attract investors to come into the market as well as open up opportunities for SMEs in the international market.
“The challenge is for SMEs to sustain themselves in the market in terms of building a quality organisation, in terms of governance within the company and adhering to good Standard Operating Procedures.
“Once you have that, people will see you as a company that they will want to invest in.
“People will want to trade your shares.
“If you do not sustain a quality organisation and do not practise governance or SOP as required by the industry, then there is no point in going to tap the capital market, where the investor will definitely lose interest in you.
“Sustainability is to keep capital coming in, to support you for quality enhancement and capacity building,” he said.
Bursa Malaysia chief executive officer Datuk Seri Tajuddin Atan said they were offering SMEs access to capital, to profile their company, which is direct and easier than the main market.
“The difference here is that we are allowing only sophisticated investors, which means certain people of high network, because we need them to understand the risk and reward when they invest,” he said.
On a separate note, Tajuddin said the initial public offering (IPO) for this year is expected to be better than last year.
“This year is better than last year, because for the first month of the year we already have four companies.
“It seems to be tracking faster than last year,” he said.