BEIJING: Malaysia wants Chinese industries other than shoe manufacturers to list on Bursa Malaysia, said Deputy Finance Minister Datuk Donald Lim Siang Chai.
“We hope more Chinese companies from other sectors will make Malaysia their second manufacturing base.
“If they open plants in Malaysia, we will then discuss preferential packages,” he said after launching the ECM Libra investment seminar here yesterday.
The four China companies currently listed on the stock exchange are K-Star Sports Ltd, Multi Sports Holdings Ltd, Xidelang Holdings Ltd and Xingquan International Sports Holdings Ltd. More are set to be listed by the end of the year.
ECM Libra head of investment banking Azlin Arshad advised Chinese fund managers and companies to provide more value-added services apart from their manufacturing capability.
“The healthcare sector is receiving a lot of attention in the Malaysian capital market.
“If you have good companies which provide such services, bring them to Malaysia,” she said.
Lim said Malaysia had the largest number of listed companies in Asean with 962 companies from 15 sectors and the total value of its equity market was RM1.039 trillion as of June this year.
He said there had been an increase in foreign listings on Bursa Malaysia following the deregulation of the Foreign Investment Committee guidelines as there is no longer a 30% bumiputra equity requirement for listing, except for strategic industries like water, energy, telecommunications and port services.
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