ID :
164709
Mon, 02/28/2011 - 12:56
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Shortlink :
https://oananews.org//node/164709
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2011 WILL BE EQUALLY GOOD YEAR FOR IPOs
KUALA LUMPUR, Feb 28 (Bernama) -- Initial public offerings (IPO) in the local market is expected to match last year's figures, spurred by improved economic outlook, said Securities Commission Chairman Zarinah Anwar.
"We still have an IPO pipeline, with last year being a good year for us, and we hope this year would be an equally good year.
"We cannot reveal or tell for certain any timeline yet, but there are still some Chinese companies in our pipeline that show interest to be listed here," she told reporters after delivering her keynote address at The Edge-Lipper Awards 2011 here Monday.
Zarinah said these IPOs would come from various industries, and last year the SC saw new additional industries coming in to the market, namely the wine company (China Ouhua Winery Holdings Limited).
On another matter, Zarinah said the government's Economic Transformation Programme (ETP) would generate a lot more activities in the capital market.
"Definitely there will be demand for fund raising and capital raising, tracking developments of the ETP, and the capital market would grow further in the foreseeable future," she said.
In 2010, twenty-six IPO proposals were approved, exceeding the 12 IPO approvals in 2009.
As at December 2010, Bursa Malaysia saw 29 new listings, of which, 21 were listed on the Main Market, six on the ACE market and two were Real Estate Investment Trusts (REITs) listings.
The IPOs last year had collectively raised RM19.79 billion upon listing.
The major IPOs last year were listing of Petronas Chemicals Group Bhd in November 2010, which was among the top Shariah-compliant stocks on Bursa Malaysia, and the largest IPO in Malaysia's history and South East Asia.
"We still have an IPO pipeline, with last year being a good year for us, and we hope this year would be an equally good year.
"We cannot reveal or tell for certain any timeline yet, but there are still some Chinese companies in our pipeline that show interest to be listed here," she told reporters after delivering her keynote address at The Edge-Lipper Awards 2011 here Monday.
Zarinah said these IPOs would come from various industries, and last year the SC saw new additional industries coming in to the market, namely the wine company (China Ouhua Winery Holdings Limited).
On another matter, Zarinah said the government's Economic Transformation Programme (ETP) would generate a lot more activities in the capital market.
"Definitely there will be demand for fund raising and capital raising, tracking developments of the ETP, and the capital market would grow further in the foreseeable future," she said.
In 2010, twenty-six IPO proposals were approved, exceeding the 12 IPO approvals in 2009.
As at December 2010, Bursa Malaysia saw 29 new listings, of which, 21 were listed on the Main Market, six on the ACE market and two were Real Estate Investment Trusts (REITs) listings.
The IPOs last year had collectively raised RM19.79 billion upon listing.
The major IPOs last year were listing of Petronas Chemicals Group Bhd in November 2010, which was among the top Shariah-compliant stocks on Bursa Malaysia, and the largest IPO in Malaysia's history and South East Asia.
