JAKARTA: Indonesia Stock Exchange plans to woo foreign firms, in particular Australian miners, to list in Jakarta, by easing its listing regulations soon, a director said yesterday.
The move could encourage a wide range of foreign companies to list their Indonesian units in Jakarta, making it easier for them to raise capital for expansion in Southeast Asia's biggest economy while broadening the market's appeal to investors.
"We are preparing a new regulation to make it easier for foreign companies to list here. We hope it will be issued soon," said Wan Wei Yiong, a director of the exchange.
"There are some foreign companies interested in listing here, from Malaysia, and mining firms from Australia".
CIMB Group Holdings Berhad, the Malaysian financial services group in May said that it would seek a listing in Indonesia once the rules allowed it to do so. - Reuters
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