Many people assume that every Berhad (Bhd) company in Malaysia is a listed company. However, this is not always true. While some Berhad companies are listed on the stock exchange, others remain unlisted public companies.
Understanding this difference is important for business owners, investors, and anyone interested in the corporate structure in Malaysia.

Are All Berhad Companies Listed?

The answer is no. Not all Berhad companies are listed.
There are two types of Berhad companies:
1. Listed Berhad Companies
These companies are listed on
Bursa Malaysia.
Their shares are publicly traded, and they must comply with strict listing requirements, financial reporting rules, and disclosure standards.
2. Unlisted Berhad Companies
Some Berhad companies are not listed on the stock exchange.
Although they are public companies, their shares are not traded on Bursa Malaysia. These companies may still have many shareholders but choose not to go through the listing process.
What Is a Berhad Company?
A Berhad (Bhd) company is a public limited company. This means the company can offer shares to the public and usually has a larger number of shareholders.
Public companies are registered with Suruhanjaya Syarikat Malaysia (SSM).

Compared to private companies such as Sdn Bhd, Berhad companies must follow stricter regulations and corporate governance requirements.
What Is a Listed Company?
A listed company is a company whose shares are publicly traded on a stock exchange.
In Malaysia, companies that want to offer their shares to the public through the stock market must be listed on Bursa Malaysia.
Once listed, the company’s shares can be bought and sold by investors through the stock market.

Why Some Berhad Companies Are Not Listed
There are several reasons why a Berhad company may remain unlisted:
- The company does not need public funding
- The business prefers more control over ownership
- Listing requirements may be too strict or costly
- The company may plan to list in the future
Becoming a listed company usually requires meeting financial and regulatory requirements set by Bursa Malaysia.
Need Help Understanding Company Structures in Malaysia?
Not sure which company structure is suitable for your business? We’re here to help.
Our team can guide you on company setup, restructuring, and compliance with requirements set by Suruhanjaya Syarikat Malaysia (SSM).
Contact us today to make your business setup 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.
Are All Berhad Companies Listed in Malaysia?