KAF Investment Bank Bhd chief executive officer Rohaizad Ismail (second from left) and Malaysia Technology Development Corp Sdn Bhd (MTDC) chief executive officer Datuk Norhalim Yunus (second from right) shake hands on initiative to identify small medium enterprises to list on the stock market. They are flanked by KAF Investment Bank Bhd deputy chief executive officer Thariq Usman Ahmad (left) and MTDC corporate serives director Mohammad Farish Nizar Othman (right).

KUALA LUMPUR: Malaysian Technology Development Corp (MTDC) has identified three companies that are ready to be listed on LEAP market, next year.

Chief executive officer (CEO) Datuk Norhalim Yunus said the three companies are among the 11 companies that have been receiving funds from MTDC and have the potential to be listed on Bursa Malaysia’s main board, ACE and Leading Entrepreneur Accelerator Platform (LEAP) market.

“The 11 companies are recipients of our Business Expansion Fund and with our strategic cooperation with KAF Investment Bank Bhd, we will assess their qualification for listing,” he said at the signing of Memorandum of Understanding between MTDC and KAF Investment here today.

The LEAP market is an alternative platform for small and medium enterprises (SMEs) to raise capital in an efficient, fast, and transparent marketplace for their business growth.

MTDC is tying up with KAF Investment, one of Bursa Malaysia’s approved advisers, to support the identification of potential small and medium enterprises to be listed on the LEAP market as well as jointly develop the SME financing ecosystem and capacity building.

KAF Investment CEO Rohaizad Ismail said it has qualified professionals with experience and expertise who will be able to assist MTDC’s fund recipients in embarking on a listing exercise.

“Progression of the recipients into listing will allow them to tap the country’s capital market for more capital to fuel further growth,” he added.

MTDC is a wholly-owned subsidiary of Khazanah Nasional Bhd, with the role of commercialisation and management of government funds.

It aims to promote the adoption of technologies by local companies via commercialisation of local research and development or acquisition of foreign technologies.

Currently, MTDC manages six funds amounting to RM1.8 billion and has disbursed around RM319 million for the past two years.

MTDC is looking to approve around RM100 million funds for SMEs next year.

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