KUALA LUMPUR: The Bumiputra Agenda Steering Unit (Teraju) is targeting 40 bumiputra companies for listing in the next two to three years under Skim Jejak Jaya Bumiputera.
Its chief executive officer, Datuk Husni Salleh, said Teraju also targeted to increase the total market capitalisation of bumiputra-controlled public listed companies to between RM7bil and RM10biln during the period.
He said the agency had a sound plan to get the companies listed on Bursa Malaysia at the right time, depending on market conditions.
“Three companies are in the final stages of flotation next year. They have obtained approvals and are awaiting listing,” he told a media briefing on the Bumiputra Economic Empowerment Report 2015 in Kualqa Lumpur on Tuesday.
The report was launched by Prime Minister Datuk Seri Najib Tun Razak Najib, who is also Umno president, tonight before giving a presidential briefing to Umno General Assembly delegates.
Launched by the prime minister in September 2013, Skim Jejak Jaya Bumiputera, which is jointly managed by Teraju and Ekuinas Nasional Bhd, is part of the Bumiputra Empowerment Agenda.
Husni said the scheme provides comprehensive advisory services to bumiputra companies with potential for listing.
“Under the programme, emphasis is given to capacity building, which includes providing a value creation plan to spur business sustainability through organic and non-organic growth,” he said, adding that Teraju would step up efforts in seeking more potential companies.
“Many companies are taking part in the government-linked companies procurement programme and they should be supported, nurtured and strengthened to ensure that they join forces to boost their position for listing.
“Until August 2015, 11 companies were listed on Bursa Malaysia through the scheme, with total market capitalisation of RM5.5bil,” he said. - Bernama
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