Thursday June 5 2025
News Source: Global Exchanges
Focus: Listing Rules
Type: General
Country: Malaysia
On 29th May 2025, Bursa Malaysia Securities Berhad (Bursa Malaysia) proposed amendments to the MAIN Market, ACE Market, and LEAP Market Listing Requirements (LR) in relation to the corporate rescue mechanism framework and exempted related party transactions.
Following the Companies (Amendment) Act 2024, two other forms of corporate rescue mechanism, i.e., the judicial management (JM) and corporate voluntary arrangement (CVA), have been extended to listed issuers. Accordingly, the Exchange proposes to require all listed issuers to immediately announce to the market all material information pertaining to the JM application and CVA proposal, to keep investors apprised of any pertinent event affecting the listed issuer, and for greater transparency.
These proposed enhancements form part of the Exchange’s ongoing commitment to ensure that the LR remain fit for purpose, in line with ongoing developments in the corporate and capital market landscape, through a balanced and appropriate regulatory framework.
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