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Govt To Increasingly Float Shares Of GLCs On Local Bourse |
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Written by Administrator
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Wednesday, 11 April 2007 |
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KUALA LUMPUR, April 10 (Bernama) -- The government will increasingly float the shares of government-linked companies (GLCs) to make the stock market more attractive and competitive, generating interest among foreign equity investors.
"The foreign investors are looking for liquidity and big companies in the market," Deputy Finance Minister Datuk Dr Awang Adek Hussin said, Tuesday.
KUALA LUMPUR, April 10 (Bernama) -- The government will increasingly float the shares of government-linked companies (GLCs) to make the stock market more attractive and competitive, generating interest among foreign equity investors.
"The foreign investors are looking for liquidity and big companies in the market," Deputy Finance Minister Datuk Dr Awang Adek Hussin said, Tuesday.
"I think it is a policy now with the government going to increasingly liberate the shares and put them on free float," he said when asked about the stock market which surged to a 13-year high on Monday.
"This has been done on a gradual basis," he added.
Earlier, Awang Adek launched the Corporate Governance Screencard 2006 and Dividend Survey 2006, a joint effort between the Minority Shareholder Watchdog Group and Universiti Teknologi Mara here.
He said the stock market was doing well and interest was being seen in blue chips, mainly from foreign investors.
In the regional context, Malaysia is an attractive place for investment due to its economy uptrend, stability, appreciation of the ringgit, good commodity prices and Islamic finance, according to Awang Adek.
"These are the factors that drive investment into our country," he said.
Source : BERNAMA |
