Merger of Main And Second Board?

Said on the Edge: Year-end merger for main and second boards, says Zarinah

• “Today under Mesdaq, we permit high-tech and high-growth companies. But when the new rules come into play, we will allow more emerging companies to come into the market, all types of emerging companies.
  
  “What is important is that it will be sponsor-driven. That means that the gatekeeping role that is currently undertaken by the SC will now be played by the sponsors.
  
  “They will be responsible for assessing the suitability of the company. If they feel they want to sponsor the company for a listing we will leave it to them, the company,” Zarinah told reporters on the sidelines of the Invest Malaysia 2008 conference here yesterday.

Do you like what you are reading at this moment of time?

• we will allow more emerging companies to come into the market, all types of emerging companies

Allow more?

Don't you get the feeling that Bursa Malaysia, as a listed entity, a business oriented company, by allowing more companies, wants more profits?

Seriously is more better?

Or would you prefer better quality?

• “What is important is that it will be sponsor-driven. That means that the gatekeeping role that is currently undertaken by the SC will now be played by the sponsors. “They will be responsible for assessing the suitability of the company.

Sponsors will be responsible for assessing the suitability of the company???

Serious?

Correct me if I am wrong but sponsors main objectivity is to make money. And if this is the case, what if the assessment of the quality of the company is sacrificed to achieve the objectivity?

How my dearest MooMooCow?