Bursa adds six more advisers to LEAP market

KUALA LUMPUR: Six new advisers have been included in Bursa Malaysia Bhd’s list for the Leading Entrepreneur Accelerator Platform (LEAP) Market, which caters to small and medium enterprises (SMEs).
The stock market regulator said in a statement yesterday that it has approved the inclusion of Crowe Horwath Advisory Sdn Bhd, DWA Advisory Sdn Bhd, MainStreet Advisers Sdn Bhd, Strategic Capital Advisory Sdn Bhd, WYNCorp Advisory Sdn Bhd and ZJ Advisory Sdn Bhd to the existing list of 14 advisers under its Register of Advisers.
“The Advisers will play a critical role in working with interested SMEs to determine their suitability for listing on the LEAP Market and thereafter to guide them on their post-listing obligations,” said CEO of Bursa Malaysia, Datuk Seri Tajuddin Atan.
Advisers are responsible for undertaking due diligence and performing reasonable queries on potential applicants to assess their suitability for listing.
The adviser also has to prepare listing documents and guide the company to comply with post listing requirements.
Bursa said the expansion of the advisers list to beyond existing investment banks and brokers is part of the new market structure of the LEAP Market, which aims to expand the reach of services available to SMEs seeking to list on the new LEAP Market.
The LEAP Market complements both the Main Market and ACE Market by addressing the funding gap faced by the SMEs. It also enhances the existing SME funding ecosystem and address the over-dependency of these SMEs on financial institutions by providing them access to the capital market.