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Bursa Malaysia Berhad has issued new Listing Requirements and various amended rules for the Leading Entrepreneur Accelerator Platform Market, a service that gives the country’s small and medium enterprises (SMEs) a new avenue to raise funds via the capital market in an efficient manner.
Datuk Seri Tajuddin Atan, Bursa Malaysia Chief Executive Officer, explained that the LEAP Market complements both the Main Market and ACE Market by addressing the funding gap faced by the SMEs. It also enhances the existing SME funding eco-system and address the over-dependency of these SMEs on financial institutions by providing them access to the capital market.
Currently, 96 per cent of SME funding comes from the banking sector. Less than 4 per cent comes from the capital market.
“As the national exchange, we believe the exchange can play a greater developmental role to facilitate fund raising for and the growth of SMEs,” says Datuk Seri Tajuddin Atan.
Trading on the LEAP Market is limited to qualified investors, mainly those who fall within Part I...