Two bumiputra companies targeted for listing on Bursa this year, says Ahmad Zahid

The Star

4 days ago

KUALA LUMPUR: At least two bumiputra companies are targeted to be listed on Bursa Malaysia this year, says Datuk Seri Dr Ahmad Zahid Hamidi.
The Deputy Prime Minister announced that 15 high-performing companies will be shortlisted under the Bumiputera Rapid Acceleration and Value Enhancement (Brave) programme, with five receiving intensive guidance as part of preparations for listing.
"My hope is that at least two of these companies will make it to Bursa by the end of the year. We must aim high," he said when launching the Brave programme here on Monday (July 28).
Ahmad Zahid's speech was read by Entrepreneur and Cooperative Development Minister Datuk Ewon Benedick.
Ahmad Zahid noted that the Brave programme was launched to provide alternative financing of up to RM1 mil for high-performing Bumiputera companies.
It will also introduce comprehensive capacity building to ensure the companies do not just stay afloat but can go a step further.
"Brave is the game changer when it comes to rebuilding the Bumiputera entrepreneurship ecosystem," Ahmad Zahid said, adding this can help these companies move from just receiving aid to instead creating wealth.
He acknowledged that it is not easy for a company to be publicly listed, however noting that support from the government and strategic cooperation with the private sector can make this process smoother.
'We have the tools and abilities. We only need to be brave and take the step forward. With the right strategies and open minds, BRAVE will not only create publicly listed companies but also icons that can inspire the next generation," he said.
Also present was Deputy Entrepreneur and Cooperative Development Minister Datuk Seri Ramanan Ramakrishnan.