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Listing
Criteria
Local Companies : Quantitative Criteria
| Aspect |
Main Board |
Second Board |
MESDAQ Market |
| Three (3) Alternative Routes for Listing |
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- Profit Track Record Test
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Uninterrupted profit after tax (“PAT”) of 3 - 5 full financial years (“FY”),
with aggregate of at least RM30 million;
PAT of at least RM8 million for the most recent full FY
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Uninterrupted PAT of 3 - 5 full FY, with aggregate of at least RM12
million;
PAT of at least RM4 million for the most recent full financial year
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For technology based companies, no minimum period of business operation and profit
record
Technology incubator companies must have commenced its business operations for at least 12
months and must have its financial statements for the said 12 months audited
All other companies must have been in operations and have generated operating revenues from
their core business for at least 3 full FY |
- Market Capitalisation/Profit Test
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A total market capitalization of at least RM500 million upon listing
PAT of at least RM30 million for the most recent full FY |
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- Infrastructure Project Company test
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Must have the right to build and operate an infrastructure project in or outside
Malaysia:-
That contributes to the overall economic growth of Malaysia or which is in
accordance with national economic objectives and policies;
For which a concession or licence has been awarded by a government or a state
agency, in or outside Malaysia, with remaining concession of licence period of not less than 15
years; and
With project costs of not less than RM500 million |
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| Issued and paid-up |
Minimum RM60 million |
Minimum RM40 million |
For technology incubator company, minimum RM20 million
For all other companies, minimum RM2 million |
| IPO price |
Minimum RM0.50 each |
Minimum RM0.50 each |
Minimum RM0.50 each |
| Public Spread |
At least 25% of the Company’s share capital; and
Minimum of 1,000 public shareholders holding not less than 100 shares each |
At least 25% of the Company’s share capital; and
Minimum of 1,000 public shareholders holding not less than 100 shares each |
At least 25% of the Company’s share capital; and
Minimum of 1,000 public shareholders holding not less than 100 shares each
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| Equity Restrictions: Compliance with National Development Policy (NDP)
* |
Bumiputera equity participation of at least 30%. Bumiputera equity
participation can make up the 25% public spread |
Bumiputera participation of at least 30% within 5 years of listing or 1 year
following the company achieving the 2nd Board profit track record, whichever is earlier |
* Multimedia Super Corridor (MSC) companies are
exempted from NDP requirements.
Note:
Company which has predominantly foreign-based operations is
allowed to seek listing on the Mesdaq Market provided that the listing vehicle is incorporated in
Malaysia.
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