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'Mature unlisted government entities may be listed in the stock market' — PM

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Publish date: Tue, 19 Mar 2019, 12:25 PM

KUALA LUMPUR (March 19): Malaysia's mature unlisted government entities may be listed in the stock market, according to Prime Minister Tun Dr Mahathir Mohamad.

On top of that, the government is looking into some of its government-linked companies' (GLCs') shareholdings in the public-listed companies, he said at the Invest Malaysia 2019 forum today.

This is intended to ensure greater risk control parameters on issuances of Government Guarantees, better market access and identification of opportunities on potential asset monetisation, said Dr Mahathir.

That being said, he added, "There shall be no disruptions to the capital markets, confidence to the financial markets, ratings environment, and economic growth."

"The key guiding principles for monetising any of our assets is that the disposal or monetisation must never be done at fire-sale prices, and any disposal of shares, monetisation of assets, auctions or other measures will be done in an orderly manner and communicated cohesively across all implementing entities," said Dr Mahathir.

Also, while he noted that GLCs are often said to crowd out the private sector, Dr Mahathir stressed that this is not the intention.

"Our desire is to have the GLCs play certain catalytic roles to support the economy. We would like to invite the private sector to join the GLCs in fulfilling some of national economic agenda," he said.

 

https://www.theedgemarkets.com/article/mature-unlisted-government-entities-may-be-listed-stock-market-%E2%80%94-pm

 

Discussions
Be the first to like this. Showing 3 of 3 comments

8888_

List Petronas or more pariah companies?

2019-03-19 12:29

speakup

history has shown govt like to list companies that have already peaked, eg FGV, ASTRO, etc. This is govt way to pass the risk to share market

2019-03-19 22:03

speakup

good companies like Petronas, govt will NEVER LIST!
peak companies like FGV and PeRWAJA, govt will LIST to offload to the sharemarket.

2019-03-19 22:04

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