Small-and medium-sized enterprises (SMEs) with less than RM25m in annual turnover could soon have the option of raising money from the Mesdaq market, according to a proposal announced this week.
The SMI Association of Malaysia wants the government to allow SMEs with a relatively small turnover to be able turn to the public for funds, particularly to help finance investment in information and communications technology (ICT).
The SMI is proposing that the Mesdaq market, which is part of Bursa Malaysia Bhd, allow for a third category of companies comprising SMEs with annual sales of less than RM25m to qualify for Mesdaq listing.
In another development, the association will announce next month a credit card package proposal for SMEs to help them secure personal loans for acquiring ICT tools.
