"10 First Listings Free of Charge in the First Year"

This is an affirmation of Mr Dato’ Yusli Mohamed Yusoff, chief executive officer of Bursa Malaysia Berhad, at a press conference in Hanoi on April 16, on the occasion of signing a memorandum of understanding (MoU) between the Malaysian stock exchange Bursa Malaysia Berhad and the Hanoi Securities Trading Centre (HASTC). The strong development of the Vietnamese economy and its stock market is magnetising world bourses, he said.

 

At present, Bursa Malaysia is one of the largest bourses in Asia with more than 1,000 listed companies. Foreign companies listing on Bursa must satisfy the following conditions: listing currency in ringgit (Malaysian currency), listed share volume under 30 per cent of total issuance, 25 per cent of stakes kept by at least 1,000 ordinary shareholders and individual shareholders keeping at least 100 shares for each registration.

 

According to Dato’ Yusli Mohamed Yusoff, the first 10 Vietnamese companies registering for listing will have initial listing fees waived, as well as listing fees for the first year (from US$6,000 to US$60,000). The attractiveness of the Malaysian stock exchange has drawn Middle Eastern investors. “Many companies and fund management companies in the Middle East are seeking investment opportunity and the Malaysian market is in the middle of East Asia and West Asia. Hence, Vietnamese companies joining the Malaysian stock exchange will have more chances to diversify capital mobilisation channels,” Adhha Abdullah said.