Malaysian overseas listings increase; Bursa worried
UMNO mouthpiece NST wonders aloud why good quality Malaysian firms are increasingly seeking to list overseas. This is not new ground. The Edge had long covered this phenomenon some months back and also in their latest end-of-year bumper print edition.While many of us know that a key consideration for companies to list overseas is to avoid having to surrender 30% of their hard-earned equity to UMNO patrons, the NST suggests that greed could be a key motivator - or as they put it "the ability to get more money from investors".
The Edge cites regulatory hurdles from many different bodies as another reason for the flight abroad.
Even politically linked Scomi Group and Ranhill Berhad have gone to the Singapore and London bourses respectively.
Wise up Bursa & UMNO. In an increasingly flat world, local businesses that didn't have any choice before, will now pack and leave to where it makes economic sense for them.
posted by hew @ 9:42 am
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