Listing Criteria for ACE Market
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Listing Criteria for ACE Market

This quiz covers the quantitative criteria for listing on the ACE Market, including profit tests and market capitalization requirements.

Created by
@MajesticCurium

Questions and Answers

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?

<p>At least 3 years</p> Signup and view all the answers

What is a requirement for management continuity for listing on the ACE Market?

<p>Continuity of substantially the same management for at least 3 full financial years</p> Signup and view all the answers

What is a requirement for cash flow from operating activities for listing via profit test and market capitalisation test?

<p>Positive cash flow from the operating activities</p> Signup and view all the answers

What is the minimum market capitalization required for listing on the Main market?

<p>RM500 million</p> Signup and view all the answers

How many public shareholders are required to hold at least 100 shares each?

<p>1,000</p> Signup and view all the answers

What is the minimum profit after tax (PAT) required for the most recent full financial year?

<p>RM6 million</p> Signup and view all the answers

What is the minimum project cost required for the Infrastructure Project Corporation Test?

<p>RM500 million</p> Signup and view all the answers

What percentage of the Company's share capital is required to be allocated to Bumiputera investors?

<p>25%</p> Signup and view all the answers

How many full financial years of operating revenue are required prior to submission for listing on the Main market?

<p>No requirement</p> Signup and view all the answers

What percentage of promoters' shareholdings must be retained for six months from the date of admission?

<p>100%</p> Signup and view all the answers

What is the period over which further sell down is allowed after the initial six months?

<p>Three years</p> Signup and view all the answers

What is the condition for transactions with related parties on the ACE Market?

<p>Terms must not be unfavourable to the company</p> Signup and view all the answers

What must be fully settled prior to listing?

<p>All trade debts and non-trade debts owing to the company or its subsidiary companies</p> Signup and view all the answers

What does the applicant file with the Exchange together with a Letter of compliance?

<p>Its Constitution and a checklist showing compliance</p> Signup and view all the answers

What is the final step in the post-approval process?

<p>The applicant files the final copy of prospectus for registration</p> Signup and view all the answers

What is the role of the principal adviser in the listing exercise?

<p>To assist in the selection and appointment of relevant advisers and professionals</p> Signup and view all the answers

What is the purpose of the due diligence working group (DDWG)?

<p>To assess the company's readiness for listing</p> Signup and view all the answers

What is the role of the Investment Bank in a listing exercise?

<p>To act as an underwriter to the issuance of securities</p> Signup and view all the answers

What is the final step in the listing process?

<p>The securities are admitted to the Official List and quoted on the Exchange</p> Signup and view all the answers

What is the purpose of the prospectus or introductory document?

<p>To provide information to investors about the company and the listing exercise</p> Signup and view all the answers

What is the role of the Public Relations Company in a listing exercise?

<p>To manage the company's public relations and investor communications</p> Signup and view all the answers

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