TERAJU Identifies 20 Bumiputera Firms for Bursa Malaysia Listing

The Malaysian government, through the Bumiputera Economic Empowerment Unit (TERAJU), has identified between 10 and 20 promising new-generation Bumiputera companies for potential listing on Bursa Malaysia's ACE and Main Markets. This strategic move is a key component of the Bumiputera Economic Transformation Plan 2035 (PuTERA35), aiming to bolster the economic standing of the Bumiputera community.

Economy Minister Akmal Nasrullah Mohd. Nasir stated that these companies will participate in a structured development program. The program is designed to significantly enhance their business capabilities, strengthen their corporate governance practices, and ensure they meet all the stringent requirements necessary for a stock market listing.

This initiative underscores the government's commitment to fostering growth and competitiveness among Bumiputera enterprises. By providing targeted guidance and development, TERAJU seeks to create a pipeline of well-prepared companies ready to access capital markets, thereby contributing to broader economic development and wealth creation within the Bumiputera community.

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The companies involved will undergo a structured development process to enhance business capabilities, strengthen corporate governance, and meet listing requirements.