Many business owners wonder whether a Sdn Bhd company can become a listed company. The answer is not directly, but it is possible through a conversion process.
In Malaysia, companies must follow specific regulations before they can be listed on a stock exchange.
Can a Sdn Bhd Be Listed on Bursa Malaysia?

A Sdn Bhd cannot be listed directly on the stock exchange.
Before listing, the company must first convert from a Sdn Bhd to a Berhad (Bhd).
This means changing from a private company to a public company.
What Is a Sdn Bhd?
A Sdn Bhd (Sendirian Berhad) is a private limited company. It is one of the most common business structures in Malaysia.
Key characteristics of a Sdn Bhd include:
- Shares are privately owned
- Shares cannot be offered to the public
- Usually has a limited number of shareholders
- Ownership is controlled by the company founders or investors
Sdn Bhd companies are registered with
Suruhanjaya Syarikat Malaysia (SSM).
What Is a Listed Company?
A listed company is a company whose shares are traded publicly on a stock exchange.
In Malaysia, public companies can be listed on
Bursa Malaysia.
When a company becomes listed:
- The public can buy and sell its shares
- The company can raise funds from investors
- The company must follow strict reporting and regulatory requirements
Listed companies are usually known as Berhad (Bhd) companies.
Steps to Convert a Sdn Bhd to a Public Company

If a company wants to be listed in the future, it usually goes through several steps:
1. Convert the Company Structure
The company must change its status from Sdn Bhd to Berhad (Bhd) under the regulations of
Suruhanjaya Syarikat Malaysia.
2. Meet Listing Requirements
The company must meet financial and governance requirements set by
Bursa Malaysia.
These requirements may include:
- Minimum profit track record
- Minimum public shareholding
- Corporate governance standards
- Financial disclosures
3. Conduct an Initial Public Offering (IPO)
The company must go through an Initial Public Offering (IPO).
An IPO allows the company to sell shares to the public for the first time.
This helps the company raise capital for expansion and growth.
Why Do Companies Want to Become Listed?
Many companies aim to become listed because it offers several benefits:
- Access to larger funding opportunities
- Increased company reputation and credibility
- Ability to attract investors
- Improved business growth opportunities
However, listed companies must also follow strict reporting and compliance rules.
Need Help Converting Your Sdn Bhd to a Berhad?
Planning to grow your business and explore public listing opportunities? We’re here to help.
Our team can assist with company restructuring, documentation preparation, and compliance with requirements set by Suruhanjaya Syarikat Malaysia (SSM).
Contact us today to make your company transition process simple and smooth.
Advisor
Jeffrey Eh Hao Yih , Director
Jeffrey has been providing expert guidance for businesses dealing with ongoing challenges. With his expertise, he aids clients in strategic business planning, streamlining operations, and enhancing productivity. Additionally, Jeffrey offers diverse business technology services to help digitize traditional businesses effectively.
Can a Sdn Bhd Become a Listed Company?