Bursa Malaysia’s Existing Market Tiers Need Liquidity Not Another Board

Kuala Lumpur, 13 September 2026 – Malaysia’s capital market does not need another listing board as much as it needs deeper liquidity, clearer pathways between existing tiers and stronger support for smaller issuers. The Main, ACE and LEAP markets already give companies different routes to public capital. The more pressing investor question is whether each tier can consistently deliver price discovery, governance discipline and an active secondary market after listing.

The LEAP Market was designed to widen fundraising access for emerging companies and small and medium-sized enterprises. Its admission framework does not require a profit track record, but an applicant must be a Malaysian public company with an identifiable core business, maintain a 10% public shareholding spread at admission and pass an approved adviser’s suitability assessment. Access is restricted to sophisticated investors, reflecting the higher risk and lighter entry threshold.