Learning from Malaysian listings

When Xingquan International Sports Holdings sought a listing on Bursa Malaysia, the Malaysian stock exchange, it was welcomed with open arms.

The 2009 initial public offering (IPO) of China's fifth largest outdoor sportswear manufacturer marked the first by a foreign-owned company after a concerted 16-month effort by the Securities Commission and the stock exchange to internationalize the Malaysian capital market.

The Fujian-based company's July debut was followed closely by Multi Sports Holdings, a shoe sole specialist that designs, develops and manufactures shoe soles, which listed in August. Three months later, sports shoe and sportswear manufacturer XiDeLang Holdings made its IPO.