KUALA LUMPUR: More than 300 private companies have the potential to list on the main board of the local bourse.
These companies, which have an uninterrupted profit after tax of more than RM20 million for a period of three to five financial years, meet the pre-requisite for listing on Bursa Malaysia's Main Board.
Deputy International Trade and Industry Minister Datuk Ahmad Maslan said the process of being listed may require commitment but the payoff is worth the effort.
"As much as we encourage local companies to leverage on government facilities, we are also looking at long-term solutions."
He was speaking at a half-day forum themed "Grow your business, list on Bursa", jointly organised by the Malaysian Investment Development Authority (MIDA).
This collaboration between MIDA and Bursa Malaysia is timely to encourage local companies to look beyond depending on government's facilities and grow their own resources towards sustainable growth.