Kuala lumpur: The government has announced a substantial allocation of RM50 million under the PKS@BURSA Programme, aiming to assist 200 high-potential small and medium enterprises (SMEs) in their journey to list on Bursa Malaysia by the year 2030.
According to BERNAMA News Agency, Entrepreneur and Cooperatives Development Minister Steven Sim Chee Keong revealed that the programme, executed through SME Corp Malaysia, is designed to create a robust channel for nurturing companies poised for future listing. The initiative offers eligible companies access to the SME Listing Fund, providing financing ranging from RM2 million to RM5 million at a profit rate not exceeding five per cent for up to five years.
An additional incentive includes a rebate of up to 20 per cent for companies successfully listed on Bursa Malaysia within five years, aiming to mitigate listing expenses and motivate more SMEs with high potential to engage with the capital market. Minister Sim made these remarks while launching PKS@Bursa and officiating the "Road to IPO" event.
The funding is intended to support SMEs with working capital, corporate financing needs, and expenses associated with public listing preparations, thus aiding in managing the financial demands of the listing process. PKS@BURSA addresses two primary challenges faced by growing companies: listing expenses and capacity requirements to enter the capital market.
The programme is aligned with the government's objectives under the 13th Malaysia Plan to enhance the country's capital market ecosystem and broaden access to growth financing for local enterprises. Minister Sim emphasized that PKS@BURSA is not only about increasing the number of listed companies but also about fostering companies that have the capacity to be listed.
Beyond funding, the programme focuses on capacity building to ensure SMEs meet governance and management standards required for entering the capital market. SME Corp will collaborate with Credit Guarantee Corporation Malaysia Bhd, Bursa Malaysia, and other agencies to provide guidance and support to SMEs keen on participating in the programme.