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Listing
Criteria
Local Companies : Qualitative Criteria
| Aspect |
Main Board & Second Board |
MESDAQ Market |
| Core Business/Business Activity & Independence of Business |
An identifiable core business which it has majority ownership and management
control Core business should not be holding of investment in other listed companies |
An identifiable and focused core business which it has majority ownership and
management control Must be involved in:-
Technology-based business activities;
The business of a technology incubator; or
Other high growth business activities
Core business should not be holding of investment in other listed companies |
| Financial Position & Liquidity |
Healthy financial position with positive cashflow from the operating
activities and sufficient level of working capital |
| Business Model and Prospects |
The core business must be viable and have healthy growth prospects |
The core business must be viable and have healthy growth prospects.
The company should demonstrate:-
A clear business model;
A feasible 3-year business development plan; and
The necessary resources to implement and achieve the business plan |
| Lock-up Period |
Promoters’ entire shareholdings for six (6) months from the date of admission |
Promoters’ shareholdings of 45% for 1 (one) year from the date of admission |
| Conflict of Interest |
Must resolve, eliminate or mitigate all situations of
conflict of interest The company is required to:-
assess all aspects of its business to determine whether there are conflict of
interest situations; and
declare the nature and extent of the conflicts of interest (if any) and submit
a proposal to resolve, eliminate or mitigate such conflicts |
| Transaction with related parties |
Must be based on terms and conditions which are not unfavourable to
the company |
| Corporate governance |
The company should have:-
Independent directors
Restrictions on directorship
Audit Committee & System of internal control |
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