For the purpose of Part D of Chapter 10 of the ACE LR, would an acquisition or disposal of property by a property development corporation be considered as being "in the ordinary course of business"?
No, Bursa Securities does not consider such transaction as being in the ordinary course of business of a property development corporation. However, where the property development corporation disposes of property which has been developed in the ordinary course of its business as a property developer, the listed corporation concerned would be excluded from complying with the provisions under Part D of Chapter 10. An example would be the sale of completed link houses, bungalows or bungalow lots by the property development corporation.