24 Questions
What percentage of the enlarged issued and paid-up share capital is allocated to Bumiputera investors within a specific timeframe?
12.5%
What is the minimum number of public shareholders required for listing on the Main Market?
200
What is a requirement for the core business of a listing company on the Main Market?
Having majority ownership and management control
What is the duration of sponsorship required for listing on the Main Market?
At least 3 years
What is a requirement for management continuity for listing on the ACE Market?
Continuity of substantially the same management for at least 3 full financial years
What is a requirement for cash flow from operating activities for listing via profit test and market capitalisation test?
Positive cash flow from the operating activities
What is the minimum market capitalization required for listing on the Main market?
RM500 million
How many public shareholders are required to hold at least 100 shares each?
1,000
What is the minimum profit after tax (PAT) required for the most recent full financial year?
RM6 million
What is the minimum project cost required for the Infrastructure Project Corporation Test?
RM500 million
What percentage of the Company's share capital is required to be allocated to Bumiputera investors?
25%
How many full financial years of operating revenue are required prior to submission for listing on the Main market?
No requirement
What percentage of promoters' shareholdings must be retained for six months from the date of admission?
100%
What is the period over which further sell down is allowed after the initial six months?
Three years
What is the condition for transactions with related parties on the ACE Market?
Terms must not be unfavourable to the company
What must be fully settled prior to listing?
All trade debts and non-trade debts owing to the company or its subsidiary companies
What does the applicant file with the Exchange together with a Letter of compliance?
Its Constitution and a checklist showing compliance
What is the final step in the post-approval process?
The applicant files the final copy of prospectus for registration
What is the role of the principal adviser in the listing exercise?
To assist in the selection and appointment of relevant advisers and professionals
What is the purpose of the due diligence working group (DDWG)?
To assess the company's readiness for listing
What is the role of the Investment Bank in a listing exercise?
To act as an underwriter to the issuance of securities
What is the final step in the listing process?
The securities are admitted to the Official List and quoted on the Exchange
What is the purpose of the prospectus or introductory document?
To provide information to investors about the company and the listing exercise
What is the role of the Public Relations Company in a listing exercise?
To manage the company's public relations and investor communications
This quiz covers the quantitative criteria for listing on the ACE Market, including profit tests and market capitalization requirements.
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