Bursa Malaysia: Listing Requirements Amended In Relation To Initial Listing Applications By Companies

Bursa Malaysia Securities Berhad would like to announce an amendment to the Listing Requirements in relation to Initial Listing Applications by Companies. The amendment requires applicants seeking listing on the Main Board, Second Board or MESDAQ Market to submit a written confirmation to Bursa Securities stating that the information set out in the applicant’s register of members is updated and accurate. Bursa Securities must receive the confirmation prior to the issuance of the company's prospectus or introductory document or proposed books closing date, as the case may be.

With the written confirmation from applicants, the notice prescribing that the securities of an applicant must be deposited with Bursa Malaysia Depository Berhad (“prescription notice”) would no longer be advertised in the local newspapers. The written confirmation would ensure that the register of member is updated and accurate and that all shareholders should have been notified of the prescription notice by the applicant. Only in the absence of the written confirmation, will the prescription notice be advertised.