Listing Criteria for ACE Market

What percentage of the enlarged issued and paid-up share capital is allocated to Bumiputera investors within a specific timeframe?

5%
12.5% (correct)
20%
25%

What is the minimum number of public shareholders required for listing on the Main Market?

1000
100
500
200 (correct)

What is a requirement for the core business of a listing company on the Main Market?

Operating in multiple countries
Having majority ownership and management control (correct)
Holding investment in other listed companies
Having a diverse range of products

What is the duration of sponsorship required for listing on the Main Market?

At least 3 years (D) Signup and view all the answers

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 (A) 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?

Positive cash flow from the operating activities (A) Signup and view all the answers

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

RM500 million (B) Signup and view all the answers

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

1,000 (C) Signup and view all the answers

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

RM6 million (C) Signup and view all the answers

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

RM500 million (A) Signup and view all the answers

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

25% (D) 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?

No requirement (B) Signup and view all the answers

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

100% (C) Signup and view all the answers

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

Three years (C) Signup and view all the answers

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

Terms must not be unfavourable to the company (A) Signup and view all the answers

What must be fully settled prior to listing?

All trade debts and non-trade debts owing to the company or its subsidiary companies (B) Signup and view all the answers

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

Its Constitution and a checklist showing compliance (C) Signup and view all the answers

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

The applicant files the final copy of prospectus for registration (C) Signup and view all the answers

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

To assist in the selection and appointment of relevant advisers and professionals (C) Signup and view all the answers

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

To assess the company's readiness for listing (D) Signup and view all the answers

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

To act as an underwriter to the issuance of securities (D) Signup and view all the answers

What is the final step in the listing process?

The securities are admitted to the Official List and quoted on the Exchange (C) Signup and view all the answers

What is the purpose of the prospectus or introductory document?

To provide information to investors about the company and the listing exercise (C) Signup and view all the answers

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

To manage the company's public relations and investor communications (B) Signup and view all the answers