He said Bursa Malaysia’s platforms provided SMEs the opportunity to unlock their potential by providing access to long-term capital.
Additionally, through listing, SMEs could adopt the necessary framework that would have a positive effect on their companies, such as improved corporate governance, he added.
“This will give them greater visibility and confidence among investors that will open up new opportunities for further expansion and allow them to stay ahead of the curve,” he said.
Redzuan said this in a joint statement issued by the entrepreneur development ministry and Bursa Malaysia Bhd in conjunction with the Stock Market Seminar 2019 here today.Themed “Going Public – Unlocking the Potential of SMEs”, the seminar was moderated by Bursa Malaysia CEO Tajuddin Atan. Also present was Deputy Entrepreneur Development Minister Hatta Ramli.
Redzuan said the government remained committed towards entrepreneur development and would strive to continue improving SMEs’ access to markets, promote entrepreneurship and skills, improve SME growth potential and strengthen dialogue with all SME stakeholders.
Speaking to reporters later, he said: “It is up to SMEs to use the available opportunities. The country’s economy can support their growth and the ministry will help open up the market for them.”
Redzuan said his ministry was now focusing on technology and risk assessment to attract more investors, thus opening opportunities for SME entrepreneurs to expand their business to external markets.
He said the challenges faced by SME entrepreneurs were how to sustain their business in the market.
“There are a lot of challenges facing you. You have got to build quality organisations, in terms of governance, in terms of SOP (standard operating procedures). That is very important. Once you have that, people will want to invest and people will want to trade in your shares,” he said.
Meanwhile, Tajuddin said the seminar was an effective platform to engage SMEs and build awareness on the opportunities available to them.
He said Bursa Malaysia looked forward to more strategic collaborations with the ministry to grow the capital market by promoting access via alternative financing platforms such as the Leading Entrepreneur Accelerator Platform (LEAP).