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(From Bernama The Malaysian National News Agency)
Byline: Christine Lim
KUALA LUMPUR, Aug 4 (Bernama) -- The London Stock Exchange (LSE) expects more companies from Southeast Asia to raise funds via listings on the AIM, its junior stock market for small and growing companies.
LSE head of Asia-Pacific Jane Zhu said currently three companies -- two from Malaysia and one from Singapore -- have submitted for listings on AIM and they were in the process of conferring with the exchange's approved list of nominated advisers in London.
"The expected listing dates for these companies are around the fourth quarter of 2005," she said in an interview.
The AIM or Alternative Investment Market provides the benefits of being traded on the public market of the LSE and allows development within a regulatory environment which is designed for smaller companies.
The AIM comprises 33 sectors and 88 sub-sectors with a market capitalisation of 35.8 billion pounds.
"India, China and Russia will stay as the LSE's leading markets for equity listing. However, emerging markets from the Southeast Asian region has a lot of potential," Zhu said.
"There is a growing awareness among Asian companies on the importance of expanding their international profiles and corporate governance standards to tap into larger funds overseas …