KUALA LUMPUR, Feb 14 (Bernama) -- Deputy Prime Minister Datuk Seri Najib Tun Razak has expressed confidence that Malaysian-owned IGDX Holdings Ltd will be able to go for listings on the London Stock Exchange (LSE) and the New York Stock Exchange (NYSE) in three years.
The company, which is involved in gold trading and refining, was listed on the Australian Stock Exchange (ASX) metals and mining sector on Feb 9 this year.
"I believe the IGDX group of companies will serve as an epitome to other local listed companies to stand on international grounds," he said at a dinner here tonight to celebrate the successful listing.
Thus, he added, the government will firmly support the role played by the IGDX group, especially in new areas of growth under the Ninth Malaysia Plan.
Najib said the private sector is encouraged to participate aggressively in fields that are crucial to the country's long-term future.
"Therefore, let us redefine public-private partnership to provide a more balanced and appropriate sharing," he said.
Meanwhile at a press conference later, IGDX chief executive officer Datuk Dr Shamshudeen Yunus said that if opportunities arise, the company would go for the listings.
This will depend on the company's acquisition strategy, he said, adding that the company is aiming to acquire two mines in Malaysia and a couple in Australia.
IGDX, which trades in physical gold rather than futures, has a significant share in the gold market internationally as well as offices in Malaysia, Hong Kong and Indonesia. Its trading platform allows traders and investors from all over the world to trade and hedge their physical gold.
-- BERNAMA
The company, which is involved in gold trading and refining, was listed on the Australian Stock Exchange (ASX) metals and mining sector on Feb 9 this year.
"I believe the IGDX group of companies will serve as an epitome to other local listed companies to stand on international grounds," he said at a dinner here tonight to celebrate the successful listing.
Thus, he added, the government will firmly support the role played by the IGDX group, especially in new areas of growth under the Ninth Malaysia Plan.
Najib said the private sector is encouraged to participate aggressively in fields that are crucial to the country's long-term future.
"Therefore, let us redefine public-private partnership to provide a more balanced and appropriate sharing," he said.
Meanwhile at a press conference later, IGDX chief executive officer Datuk Dr Shamshudeen Yunus said that if opportunities arise, the company would go for the listings.
This will depend on the company's acquisition strategy, he said, adding that the company is aiming to acquire two mines in Malaysia and a couple in Australia.
IGDX, which trades in physical gold rather than futures, has a significant share in the gold market internationally as well as offices in Malaysia, Hong Kong and Indonesia. Its trading platform allows traders and investors from all over the world to trade and hedge their physical gold.
-- BERNAMA
1 comment:
Nice take on a gold stock.
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