Secure and maintain a Continuing Adviser for at least 3 years post listing and the Approved Adviser who submitted the listing application must act as the Continuing Adviser for at least 1 FY upon admission. 1.04 Any proposal under paragraph 1.01 which involves– In October 2015, Bursa Malaysia issued amendments to the Main Market Listing Requirements (“Main LR”) and ACE Market Listing Requirements (“ACE LR”) (collectively referred to as the “LR”) relating to sustainability statements in annual reports (“Sustainability Amendments”). Key Changes of Listing Requirements of the Inderjit Singh Head, Listing Division Regulation 10 July 2009 1 2. This is where Bursa Malaysia will rely on the Sponsor and then review the proposal of the company. 2. While the MAIN and ACE Markets are traded in the floor every day by anyone with the funds to buy and anyone intending to sell, the LEAP Market operates differently. Key Changes of Listing Requirements of the Inderjit Singh Head, Listing Division Regulation 10 July 2009 1 2. Unlike the Main Market, no profit track record or operating history is required to list on the LEAP Market. 1.2 The ACE Market review was undertaken by the Exchange with the aim to promote ACE Market as an attractive and competitive listing and investment platform. [Updated to incorporate amendments issued up to 2 January 2018], Consolidated Listing Requirements 28 February, 2018 . Click on a name (in blue) to go to the company's website. In this article, we set out a few key requirements for listing on the new LEAP Market: 1. Click on the orange RSS button to go to the Subscribe page. [Updated to incorporate amendments issued up to 1 October 2020], Consolidated Listing Requirements The company must engage an Approved Adviser to assist in the listing on the LEAP Market. [Updated to incorporate amendments issued up to 13 August 2020], Consolidated Listing Requirements [Updated as at 1 October 2020], Chapter 7: Constitution This means that companies from any sector or size can apply to be listed in the ACE Market where it is designed to offer a more efficient and certain way for you to do so. of Transportation P.O. [Updated to incorporate amendments issued up to 3 June 2019], Consolidated Listing Requirements All listing requirements within the ACE Market will be governed under the ACE Listing Requirement; and; This enhanced framework empowers sponsors with greater flexibility and certainty to advise prospective corporations on access to the capital market both at the time of listing and subsequently through further fund-raising exercises. You will be-redirected to Bursa Link, are you sure you want to leave this page? AMENDMENTS TO THE ACE LR CONSEQUENTIAL TO THE FINANCIAL SERVICES ACT 2013 Page 1 of 10 ACE Market Listing Requirements CHAPTER 2 GENERAL PART H – OTHERS 2.27 Issuance of new securities in foreign currency (1) An issue of securities by a listed corporation will be quoted in Ringgit or such other foreign currency as may be allowed by the Exchange. Minimum requirements on operating history, size and track-record 3. All rights reserved. The company requires 200 public shareholders with holding at least 100 shares where the issuance price at least RM 0.10. An Approved Adviser is an adviser approved by Bursa Malaysia to carry … The key amendments to the entry requirements for listing on the main market are as follows: Page 1 of 8 . Legal News & Analysis - Asia Pacific - Malaysia - Corporate/M&A . The Bursa Malaysia Securities Berhad (“Bursa Malaysia”) had, on 24 March 2016, issued amendments to the Main Market Listing Requirements (“Main LR”) and ACE Market Listing Requirements (“ACE LR”) (collectively referred to as the “LR”) relating to the following areas together with the relevant Questions & Answers: Additional listing requirements such as “Profit Test”, “Market Capitalization Test” or “Infrastructure Project Corporation Test” is mandatory for listing on Main Market while there is no strict test requirement for listing on ACE or LEAP Market. WIC Project FRESH started in 1986 in several states across the country. You will be-redirected to [email protected], are you sure you want to leave this page? There are no such requirement for ACE Market companies upon initial listing. Currently, all corporations seeking listing must meet the 25% public spread requirement under the … 1. [Updated to incorporate amendments issued up to 3 May 2016], Consolidated Listing Requirements Compared to listing on the Main Market or ACE Market, it is not difficult to qualify at all! In October 2015, Bursa Malaysia issued amendments to the Main Market Listing Requirements (“Main LR”) and ACE Market Listing Requirements (“ACE LR”) (collectively referred to as the “LR”) relating to sustainability statements in annual reports (“Sustainability Amendments”). Legal News & Analysis - Asia Pacific - Malaysia - Corporate/M&A . Disclaimer: These documents contain the Listing Requirements for the Mesdaq market which have been updated … All companies seeking listing on Bursa Malaysia will require SC’s approval, under Section 212 of the Capital Market and Services Act 2007. Typically, the regulations for listing in ACE market are less stringent and the company need not provide the track records like how it is required in the Main Market. On 29 November 2017, Bursa Malaysia announced various amendments to the Listing Requirements in relation to the following: the implementation of the Companies Act 2016 which came into force on 31 … You will be-redirected to [email protected], are you sure you want to leave this page? Bursa saw the first listing on the LEAP Market in … seeking listing or listed on the ACE Market other than for a proposed transfer of listing from the ACE Market to the Main Market. There is also no requirement for profit track records or operating history for LEAP Market listings. The moderator for the event was Cheong Kee Fong, Deputy Chairperson of CCLC. [Updated to incorporate amendments issued up to 1 June 2020], Consolidated Listing Requirements Of the 24 credits, a minimum of 3 credits must be in "ethics" coursework. For listing in the MAIN Market, the company must issue at least 25% of its total shares to the public. 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