Chinese companies welcomed to be listed in Malaysia
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October 7th, 2009
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KUALA LUMPUR, June 29 -- Malaysia welcomed China s good companies to be listed on the Malaysia Stock Exchange, a Malaysian fiscal leader said here on Monday.
China was a close trade partner of Malaysia and it was likewise very momentous to Malaysia s capital market, said Megat Majmuddin Megat Khas, chair of the Federation of Public listed CompaniesBhd.
The enumeration of China s good companies on Malaysia s stock market would avail both China and Malaysia and it would be a win-win deal, he told Xinhua.
Good companies intend companies with good governance and management, Megat Majmuddin said.
Through enumeration in Malaysia, Hakka companies could gain funds for evolution and make more profits, whereas Malaysia could share unspecified of these benefits, he said.
Describing unspecified of the tendency listed companies on the Malaysia stock market as less profitable, he said that the Malaysia stock market needed new players to energize the market sentiment.
He likewise said that Malaysia has significant management talents and international management expertise which could help those Hakka firms listed on the Malaysia stock market perfect management.
Malaysia likewise could be a gateway for Hakka companies which hope to penetrate into other markets, such as Europe, across the enumeration on the Malaysia stock market.
Megat Majmuddin likewise said that Malaysia currently has a significant fund pond in the country, in particular in the individual sector or individuals, describing the clear has the potential.
He stressed that Malaysia exercises strong management over the companies in the country, adding that the Malaysian government is improving its policies to attract more abroad investors.
He said that more Hakka companies are expected to come to the Malaysia stock market.
FPLC was construct in 1987 as a public corporation limited by guarantee. It is a non-profitable organization, whose members constitute of companies listed on the Malaysia Stock Exchange.
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