KUALA LUMPUR, March 9 — The Employees Provident Fund’s commitment to the domestic market shows that it sees good value and growth opportunities in all stages of the investment cycle, from the pre-initial public offering fundraising stage right up to long-term shareholding.
Last week, EPF CEO Datuk Seri Amir Hamzah Azizan said the pension fund is looking to allocate RM1 billion this year to invest in companies that are at the pre-IPO stage. Amir Hamzah said as a major investor in Malaysia’s financial markets, the move would help catalyse economic activities and assist in the country’s economic recovery.
Meanwhile, Sunway University economics professor Prof Yeah Kim Leng said it will be synergistic to support good quality pre-IPO companies that boost the stock exchange while helping local firms to access the capital markets as well as enabling the investing public to partake in the company’s growth prospects.
He said that the fund has to guard against being used as a vehicle by entrepreneurs to cash out after listing.
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