Kuala Lumpur, 18 February 1997
The proposed new market is expected to play a role similar to that of Nasdaq in the US information technology sector. It has been recognised that the dynamics of the Nasdaq market is a key component in the development of the software industry; by providing an arena for venture capital opportunities to grow and motivate engineers and business people to work in start-ups. The successful implementation of this new market would greatly contribute towards fulfilling Malaysia's desire to promote technology-intensive industries and develop a strong science and technology base through indigenous research and development (R&D) efforts. More directly, MESDAQ can be expected to make an important capital market contribution to the development of the Multimedia Super Corridor (MSC) as envisaged by the Prime Minister.
SECURITIES COMMISSION MALAYSIA