Bursa Malaysia Berhad has signed a Memorandum of Collaboration (MoC) with TERAJU to empower Bumiputera companies towards successful initial public offerings (IPOs).
This partnership aims to bridge high-potential Bumiputera firms with the capital markets, fostering greater market diversity and economic inclusion.
Strategic Roles in IPO Readiness
Bursa Malaysia will provide advisory support, networking with intermediaries, and capacity-building programs to ensure compliance with IPO requirements.
Meanwhile, TERAJU will select promising Bumiputera companies, secure funding and incentives, and coordinate holistic support from stakeholders.
Fad’l Mohamed, CEO of Bursa Malaysia, emphasized the collaboration's role in strengthening Bumiputera representation amid national goals.
The initiative aligns with PuTERA35, targeting 30% Bumiputera equity ownership by 2035 for a more inclusive economy.
Addressing Untapped Potential and Future Growth
Historically, Bumiputera policies have aimed to uplift indigenous businesses, and this MoC targets the 'missing middle' of mid-sized firms with growth potential.
Junady Nawawi, CEO of TERAJU, highlighted the need for disciplined guidance to propel these companies to listing success.
The impact extends to building a robust IPO pipeline, enhancing investor engagement, and driving sustainable economic growth.
Complementing this, Bursa Malaysia's BR Capital has a separate agreement with TERAJU for financing and readiness support.
Looking ahead, the collaboration promises to unlock vast untapped potential, positioning more Bumiputera enterprises for capital market triumphs.
Andrew Lee
