KUALA LUMPUR, March 31 — Bursa Malaysia Securities Bhd today issued amendments to the Ace Market Listing Requirements in relation to the transfer of listing framework from the Leap Market to the Ace Market which will facilitate eligible Leap Market listed corporations to graduate to the Ace Market.
“The exchange will continue to pursue efforts to better serve our purpose as an important avenue for companies to raise funds. With these amendments, we look forward to a more vibrant Leap and Ace Markets,” he said in a statement today. As at March 29, 2023, the market capitalisation of the entire Leap market stands at RM5.5 billion, with 48 companies listed on the Leap Market.Under the new Leap Market Transfer Framework, to qualify for a transfer of listing, a public listed company must have been listed on the Leap Market for at least two years, be assessed and considered as suitable for listing on the Ace Market by a sponsor, and undertake a public issue of shares on the Ace Market.
Besides, a transfer applicant must retain the services of a sponsor for two full financial years following its admission to the Ace Market, or one full financial year after it has generated operating revenue, whichever is the later.The enhanced Ace LR also enables eligible Approved Advisers to play a role in the Ace Market, pursuant to the newly introduced Recognised Approved Adviser Framework.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Herkunft: staronline - 🏆 4. / 75 Weiterlesen »