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Alpha startups, SMEs on IPO radar of Asean bourses

But regional exchanges face uphill task in wooing them as some targets prefer larger overseas markets

Published Thu, Nov 16, 2023 · 05:05 AM

Malaysia has announced an extension of tax deductions of up to RM1.5 million on listing expenses for listings on both boards this year, alongside other tax incentives. PHOTO: BLOOMBERG

REGIONAL bourses are courting small and medium enterprises (SMEs) by easing listing requirements and producing educational resources.

Phillip Securities managing director Luke Lim sees the “upward interest” as natural given that SMEs are driving economic development in the region.

“The region’s relatively young and large population also represents a unique advantage for global investors,” he said.