Bursa Malaysia Holds Its First Virtual Listing Ceremony to Offer more Flexibilities for Issuers

The ongoing novel coronavirus epidemic and reinstatament of the Conditional Movement Control Order (CMCO) in Selangor, Kuala Lumpur and Putrajaya have prompted the Bursa Malaysia to welcome its newest listing on the ACE Market via a virtual listing ceremony. It is Bursa Malaysia’s first-ever virtual listing ceremony.

To meet the CMCO requirements, the exchange introduced this virtual listing service,enabling flexibility for new issuers during CMCO.Samaiden Group Berhad, one of Malaysia’s leading consultants of Renewable Energy and Environmental Service Provider, becomes the first firm to go public under the virtual listing service offered by the Bursa Malaysia.

Commenting on the virtual listing ceremony, Datuk Muhamad Umar Swift, Chief Executive Officer said, “Historically, listing ceremonies on Bursa Malaysia marks a significant milestone in a company’s life cycle. The event usually attracts many invited guests of the company who come together to celebrate the event with the company’s owners and promoters. The occasion is marked with the traditional act of striking the gong at the opening of the market day.  Notwithstanding the CMCO, we are happy to maintain this longstanding tradition. We will continue to leverage on technology to adapt our traditions to the continuously changing environment while always prioritising the health and safety of our stakeholders.”

Speaking at the listing ceremony, Samaiden group managing director Ir Chow Pui Hee said: “The success of our listing today will spur us to continue to work diligently and pursue our growth, elevating Samaiden to the next level of possibilities that we can achieve for our business.”

About Bursa Malaysia

Bursa Malaysia is an exchange holding company incorporated in 1976 and listed in 2005, and has grown to be one of the largest bourses in ASEAN today. Bursa Malaysia operates and regulates a fully-integrated exchange offering a comprehensive range of exchange-related facilities, and is committed to Creating Opportunities, Growing Value.