FAQs
FAQs on Issuer of LEAP
- Why would SMEs and companies list on the LEAP Market?
The LEAP Market is an alternative avenue for SMEs and companies to raise funds through the capital market by connecting them with Sophisticated Investors who believe in their business and ideas. Other benefits of listing on the LEAP Market are as follows:
- Facilitative rules & regulations and lower cost of compliance.
- Enhanced visibility / profiling.
- Early exposure to prepare for a potential listing on the ACE / Main Market.
- Potentially unlock shareholder value.
- Price discovery will make it easier to undertake mergers and acquisitions.
- What are the requirements for SMEs and companies to list on the LEAP Market?
There is no profit track record requirement for SMEs and companies wishing to list on the LEAP Market. However, the following criteria will apply:
- a public company incorporated in Malaysia;
- has a clearly identifiable core business;
- 10% public shareholding spread at the point of admission only; and
- meets the suitability assessment by an approved Adviser.
SMEs and companies will have to appoint an Adviser to guide them throughout the listing process. The list of Advisers is available on www.bursamalaysia.com.
- Can foreign SMEs and companies apply, and is the process the same?
At the moment, the LEAP Market is only for locally incorporated SMEs and companies. Locally incorporated SMEs and companies with foreign operations are eligible to list on the LEAP Market.
- If I currently have other sources of funding, am I still eligible for listing on the LEAP Market?
Yes, provided the other sources of funding are not from the ACE / Main Market.
- Can I cross-list on another Exchange after I have listed my SME on the LEAP Market?
Yes. Cross-listing on another Exchange is allowed.