GTSM Signs a MOU with Bursa Malaysia
March 2, 2010
The GreTai Securities Market (GTSM) added another milestone in the efforts of internationalizing our securities market. On the morning of March 2, GTSM Chairman Gordon Chen and the CEO of Bursa Malaysia (MYX) Yusli Mohamed signed a memorandum of understanding (MOU) on behalf of the two exchanges. The MOU provides that based on the principle of mutual benefit, It is hoped GTSM and MYX will have a smoother communication channel and establish a mechanism conducive to the long-term cooperation between the two exchanges. In the future, the two exchanges will continue share of information, exchange of visits, exchange of training and experience sharing on important issues involving the development of SME and innovative stock markets and the construction and expansion of electronic platform for bond market.
The signing of MOU with MYX reflects the long-standing efforts of GTSM in actively promoting exchange and cooperation with international capital markets, and hopefully would set the foundation for future collaboration between GTSM and MYX on a number of issues and further develop the international business of GTSM and expand its services to Taiwanese companies doing business abroad.
Mr. Tseng Ching-Yuan, the representative of Taipei Economic and Cultural Office in Malaysia was present at the signing ceremony. In his address, Representative Tseng indicates that the economic and trade exchange between Taiwan and Malaysia has been on the rise and many Taiwanese enterprises in Malaysia have been making significant contribution to the local economy. The signing of this MOU would benefit the cooperation between the financial markets of the two countries and the business development of the local Taiwanese enterprises. Representative Tseng also recognizes and encourages GTSM’s continuing efforts in serving the two markets.
GTSM Chairman Gordon Chen indicates that the GTSM-Bursa Malaysia MOU represents the commitment of both exchanges to collaboration in market development in the future, and hopefully would create synergy for the mutual benefit and long-lasting relations of both exchanges, and continual cooperation in information sharing and new market development.
Bursa Malaysia was inaugurated in 1960 under the name of Kuala Lumpur Stock Exchange and changed to its present name in 2004. Bursa Malaysia originally consisted of three boards – main board, second board and Mesdqa, which were consolidated into Main Board and ACE Market. The ACE Market has more relaxed listing requirements to meet the financing needs of the local SMEs, particularly technology-based and high growth companies.
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