KUALA LUMPUR: VentureTECH Sdn Bhd, a government-backed impact investment company, has entered a strategic collaboration with Tokyo Stock Exchange Inc. (TSE) to support the listing of Malaysia's multinational companies on the Japan's stock exchange.
The company said the collaboration aligns with the establishment of TSE Asia Startup Hub, an initiative by TSE to attract promising Asian companies for initial public offerings (IPOs) in Japan.
This hub provides extensive support in business development, fundraising, and IPO preparations, with the goal of increasing the number of cross-border listings on the TSE.
Through this partnership, VentureTECH will actively provide support in response to requests from the TSE Asia Startup Hub.
By fostering stronger relationships between Asian and Japanese companies, this collaboration also aims to enhance Japan's role as a globally competitive financial centre.
It also marks a significant step towards strengthening cross-border financial ecosystems and enhancing Asian participation in Japan's capital markets.
VentureTECH chief executive officer Ahmad Redzuan Sidek said the partnership opens new horizons for local companies while reinforcing the company's commitment to boost the growth of high-potential Malaysian businesses.
"By providing access to Japan's dynamic capital markets, we are enabling our local companies to scale faster, attract strategic investment, and elevate their market presence on a global stage." "Moreover, this collaboration is a testament to VentureTECH's vision of empowering Bumiputera entrepreneurs and high-growth industries in Malaysia, facilitating their expansion into international markets," he added.
The TSE Asia Startup Hub will begin recruiting eligible companies in third quarter of this year, with a focus on businesses that exhibit strong connections with Japan or possess significant potential for growth.