As a general rule of thumb, large companies that have paid-up
capital more than RM50 million could seek listing on the Main Market, while
fast growing companies that have paid-up capital approximately RM5 million to
RM10 million may seek for listing on ACE Market. For a smaller company, based on our
understanding, a paid-up capital of RM2
million is suitable for the LEAP Market.
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. The highlights of
the Main Market tests are as follows:
There are also Bumiputera Investors participant recommendation
on best effort basis as highlighted below.
Additional requirements highlight such as financial position
and liquidity, management continuity and capability are as follows:
Companies or entrepreneurs who are interested to list their
business on Bursa are required to appoint Advisers or Sponsors as part of the
listing process. For Main Market,
Principal Adviser is required while for ACE Market, a Sponsor is required. For LEAP Market, an Approved Adviser is
required during the initial listing activities and/ or post-listing activities. The company must appoint Continuing Adviser for
post-listing activities.
To list your business on Bursa
Malaysia, the following documents for pre-admission
consultation work are required:
n Last
5 years audited financial statements;
n Latest
management accounts;
n Net
profit forecast and projection for the next 3 years (rough estimation)
n Estimated
funds size required and expected utilisation of proceeds, e.g. for capital
expansion, working capital requirements, details of potential acquisition, etc;
and
n Company
profile and its shareholding structure
No comments:
Post a Comment