LEAP gives SMEs quick access to KL capital market
Bursa hopes SMEs which depend heavily on bank lending will be able to raise more funds from the capital market
Add BT as a preferred sourceKuala Lumpur
RATHER than relying almost solely on bank financing, small and medium-sized enterprises will now be able to raise funds and increase their visibility in the capital market through a new arena that aims to address the current funding gap. It is called the Leading Entrepreneur Accelerator Platform (LEAP).
In a statement on Thursday, Bursa Malaysia Bhd said the LEAP Market would complement the Main and ACE Markets and at the same time enhance the existing SME funding eco-system while addressing the over-dependency of SMEs on financial institutions. An estimated 96 per cent of SME funding presently comes from the banking sector with less than 4 per cent derived from the capital market.
