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The Sun
a day ago
- Business
- The Sun
Sector diversity, regulatory strength fuel Bursa Malaysia IPO pipeline: Baker Tilly
PETALING JAYA: Malaysia's capital market is experiencing a notable upswing in 2025 as Bursa Malaysia is forecasting a significant increase in new public listings, with expectations set at 60 initial public offerings and a targeted total market capitalisation of RM40.2 billion. According to Baker Tilly Asia Pacific's latest publication Pathways to the APAC Capital Markets, Malaysia's momentum builds on a robust 2024, during which 55 companies chose to list and collectively raised RM7.4 billion, marking the highest number of listings in Asean by volume. The sectors represented in Malaysia's listing pipeline is diverse, the report said, adding that companies from consumer goods, healthcare, logistics and technology are showing strong interest in going public. These industries are being buoyed by a combination of government incentives and heightened investor appetite, both of which are contributing to a dynamic and attractive investment environment, the report noted. 'Malaysia has always punched above its weight when it comes to capital markets,' said Andrew Heng, who is the group managing partner of Baker Tilly Malaysia. 'As confidence returns to the region post-pandemic and amid geopolitical realignments, we expect more companies to explore IPOs and cross-border listings – and Malaysia will be on their radar,' he said in a statement. One of Malaysia's key advantages is the relative ease of access it offers to both local and foreign companies seeking to list, the report said. The structured framework of the Main Market and the ACE Market provides clear pathways for companies at various stages of growth, making Malaysia a practical choice for businesses looking to tap into public capital. Regulatory stability enhances Malaysia's appeal as a listing destination. The report also noted that Securities Commission Malaysia and Bursa Malaysia continue to demonstrate strong oversight while remaining open to innovation. Notable steps include progressive moves toward enhanced ESG reporting and the development of alternative fundraising frameworks, ensuring that the market remains both secure and forward-looking. These factors collectively position Malaysia's capital market as a serious contender for companies and investors seeking opportunity and stability in the region, according to the report,
The Sun
a day ago
- Business
- The Sun
Sector diversity, regulatory strength fuel Bursa Malaysia IPO pipeline
PETALING JAYA: Malaysia's capital market is experiencing a notable upswing in 2025 as Bursa Malaysia is forecasting a significant increase in new public listings, with expectations set at 60 initial public offerings and a targeted total market capitalisation of RM40.2 billion. According to Baker Tilly Asia Pacific's latest publication Pathways to the APAC Capital Markets, Malaysia's momentum builds on a robust 2024, during which 55 companies chose to list and collectively raised RM7.4 billion, marking the highest number of listings in Asean by volume. The sectors represented in Malaysia's listing pipeline is diverse, the report said, adding that companies from consumer goods, healthcare, logistics and technology are showing strong interest in going public. These industries are being buoyed by a combination of government incentives and heightened investor appetite, both of which are contributing to a dynamic and attractive investment environment, the report noted. 'Malaysia has always punched above its weight when it comes to capital markets,' said Andrew Heng, who is the group managing partner of Baker Tilly Malaysia. 'As confidence returns to the region post-pandemic and amid geopolitical realignments, we expect more companies to explore IPOs and cross-border listings – and Malaysia will be on their radar,' he said in a statement. One of Malaysia's key advantages is the relative ease of access it offers to both local and foreign companies seeking to list, the report said. The structured framework of the Main Market and the ACE Market provides clear pathways for companies at various stages of growth, making Malaysia a practical choice for businesses looking to tap into public capital. Regulatory stability enhances Malaysia's appeal as a listing destination. The report also noted that Securities Commission Malaysia and Bursa Malaysia continue to demonstrate strong oversight while remaining open to innovation. Notable steps include progressive moves toward enhanced ESG reporting and the development of alternative fundraising frameworks, ensuring that the market remains both secure and forward-looking. These factors collectively position Malaysia's capital market as a serious contender for companies and investors seeking opportunity and stability in the region, according to the report,
The Sun
a day ago
- Business
- The Sun
Sector diversity, regulatory strength fuel active Bursa Malaysia IPO pipeline
PETALING JAYA: Malaysia's capital market is experiencing a notable upswing in 2025 as Bursa Malaysia is forecasting a significant increase in new public listings, with expectations set at 60 initial public offerings and a targeted total market capitalisation of RM40.2 billion. According to Baker Tilly Asia Pacific's latest publication Pathways to the APAC Capital Markets, Malaysia's momentum builds on a robust 2024, during which 55 companies chose to list and collectively raised RM7.4 billion, marking the highest number of listings in Asean by volume. The sectors represented in Malaysia's listing pipeline is diverse, the report said, adding that companies from consumer goods, healthcare, logistics and technology are showing strong interest in going public. These industries are being buoyed by a combination of government incentives and heightened investor appetite, both of which are contributing to a dynamic and attractive investment environment, the report noted. 'Malaysia has always punched above its weight when it comes to capital markets,' said Andrew Heng, who is the group managing partner of Baker Tilly Malaysia. 'As confidence returns to the region post-pandemic and amid geopolitical realignments, we expect more companies to explore IPOs and cross-border listings – and Malaysia will be on their radar,' he said in a statement. One of Malaysia's key advantages is the relative ease of access it offers to both local and foreign companies seeking to list, the report said. The structured framework of the Main Market and the ACE Market provides clear pathways for companies at various stages of growth, making Malaysia a practical choice for businesses looking to tap into public capital. Regulatory stability enhances Malaysia's appeal as a listing destination. The report also noted that Securities Commission Malaysia and Bursa Malaysia continue to demonstrate strong oversight while remaining open to innovation. Notable steps include progressive moves toward enhanced ESG reporting and the development of alternative fundraising frameworks, ensuring that the market remains both secure and forward-looking. These factors collectively position Malaysia's capital market as a serious contender for companies and investors seeking opportunity and stability in the region, according to the report,
New Straits Times
12-06-2025
- Business
- New Straits Times
WCE denies forceful eviction claims in Klang
KUALA LUMPUR: The West Coast Expressway concenssionaire has denied claims of alleged wrongful evictions and use of force in Kampung Jawa, Klang, in relation to the highway project. West Coast Expressway Sdn Bhd said 75 per cent of the compensation for the land acquisition in Kampung Jawa had been paid as of Sept 30, 2023, in accordance with the Land Acquisition Act. It added that allegations of unauthorised individuals operating at night or the use of force were completely unfounded and inaccurate. "West Coast Expressway Sdn Bhd takes note of recent claims regarding alleged wrongful evictions and use of force in Kampung Jawa, Klang, in relation to the WCE project. "We wish to clarify the facts and reaffirm our commitment to legal compliance, transparency, and the rule of law. "The confusion stems from a small number of landowners who have declined to vacate the land that has been lawfully acquired by the federal government for the WCE project," it said in a statement. It said total compensation of RM9.8 million was awarded by the land administrator, Selangor Land and Mines Office, after a formal land hearing process relating to the acquisition. It said the 75 per cent compensation, amounting to RM7.4 million, had been disbursed to the 33 landowners where 14 received payment directly and 19 requested payments to be channelled through their appointed lawyer. "As stipulated under Section 16 of the Land Acquisition Act 1960, once 75 of the compensation amount has been paid, the land vests entirely with the federal government free from any encumbrances and the landowners no longer have legal rights to occupy the land. "These steps constitute a transparent and structured legal process that protects the rights of all parties involved, as provided under the Land Acquisition Act 1960," it said It added that both the government and landowners have filed objections to challenge the compensation quantum, as permitted under the Land Acquisition Act 1960. However, it said such objections do not delay or prevent the government from taking legal possession of the land and 75 per cent of the compensation has been paid. "These court proceedings only determine the final compensation amount and do not affect the government's right to proceed with possession and development. "In all similar WCE cases, landowners who filed (objections to the quantum but had) received 75 per cent of the compensation fully complied with legal obligations and vacated their land while the court process continued. "Therefore, any assertion that landowners must wait for the court process to complete before vacating is invalid," it said. Although compensation has been paid in 2023, it said, the affected landowners have remained on-site for over 20 months and this prolonged non-compliance has delayed the construction of WCE. "West Coast Expressway Sdn Bhd assures the public that all site activities are conducted by registered and authorised contractors, strictly during permitted hours from 8am to 6pm. "West Coast Expressway Sdn Bhd urges all parties to respect the due process of law and refrain from disseminating misleading and false claims that could confuse the public.
Rakyat Post
12-06-2025
- Business
- Rakyat Post
WCE Clarifies Land Dispute In Kampung Jawa: 'Legal Process Followed, Compensation Paid'
Subscribe to our FREE West Coast Expressway Sdn Bhd (WCE) has responded to recent public concern over alleged wrongful evictions and the use of force in Kampung Jawa, Klang, in connection with the ongoing West Coast Expressway project. The company has firmly denied any misconduct and reaffirmed its commitment to due process, transparency, and the rule of law. At the heart of the issue are a handful of landowners who have yet to vacate land legally acquired by the Federal Government for the expressway. WCE says the situation has created confusion, and it's time to set the record straight. Compensation Has Been Paid According to WCE, the compensation process was carried out in accordance with the Land Acquisition Act 1960. On 30 September 2023, a total of RM9.8 million in compensation was awarded by the Selangor Land & Mines Office after a formal land hearing regarding Lot 15762 (11113). So far, RM7.4 million (75%) has already been disbursed: 14 landowners received direct payments. 19 landowners opted to receive payment via their appointed lawyers. Land is Now Federal Property Under Section 16 of the Land Acquisition Act, once 75% of the compensation has been paid and a Borang K is issued, the land officially becomes property of the Federal Government. From that point forward, the original owners no longer hold legal rights to occupy or remain on the land. WCE emphasized that this legal process is structured to protect the rights of all parties and has been fully followed. Court Challenges Don't Delay Possession While both the government and certain landowners have filed objections (via Borang N) to challenge the compensation amount, WCE clarified that these objections are only to settle the final figure and not to delay government possession. In previous WCE land cases, landowners who received 75% of compensation proceeded to vacate the land while the court process continued in parallel. Any claim suggesting that landowners are entitled to stay until court cases conclude is legally unfounded, WCE said. Delays Impacting National Project Despite compensation being paid since 2023, WCE stated that some landowners have stayed put for over 20 months, causing significant delays to the construction of the expressway; a major national infrastructure project connecting key highways like Federal Highway, KESAS, NKVE, and Grand Sepadu. Denies Allegations of Force or Night Operations WCE also addressed rumors circulating about aggressive or unauthorized site activity. The company stressed that all work is carried out by registered contractors, only during official working hours from 8am to 6pm. Claims of night operations or intimidation tactics were labeled as 'completely unfounded and inaccurate.' Moving Forward: Clarity Over Conflict West Coast Expressway Sdn Bhd is urging all stakeholders, including affected landowners and members of the public, to respect the legal process and refrain from circulating misinformation that could harm public trust and disrupt progress. With construction timelines at stake and public infrastructure hanging in the balance, WCE reaffirmed that it would not hesitate to take legal action if necessary to defend its integrity and ensure the expressway project moves forward responsibly. Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.
