The measures outlined in the stimulus package provide essential economic reliefs for affected households and businesses in the near term and will help to secure the recovery of the Malaysian economy in the medium term, against the negative impact arising from the global Covid-19 outbreak.
The SC will expeditiously undertake the following measures:
- A new co-investment fund of RM500 million to be set up for investments alongside private investors in early-stage and growth-stage Malaysian companies. Through this co-investment, the Government seeks to help realise the potential of home-grown start-ups as well as to crowd-in further private sector funds to fuel high growth companies.
- In order to continue to encourage successful growth companies to fundraise through our stock market, the Securities Commission Malaysia will work closely with Bursa Malaysia to implement waiver of listing-related fees, for a period of 12 months, for companies seeking listing on LEAP or ACE Markets, as well as companies with market capitalisation of less than RM500 million on the Main Market.
The SC is working with relevant stakeholders on the implementation details of the co-investment fund, and will provide update once finalised. The one-year waiver of listing fees will take effect immediately.
In addition, the SC will also be announcing capital market-specific measures to complement the Government’s effort to support the Malaysian economy. Further details on these measures will be made available in due course.
