Rules governing Sponsored Corporations in dealing with Sponsors
4.14
What are some examples of the types of transactions referred to under Rule 4.26(1)(a) of the ACE LR?
Rule 4.26(1)(a) of the ACE LR requires Sponsored Corporations to consult their Sponsors in relation to proposals or transactions which, if undertaken, will require a listed corporation, at the minimum, to announce the proposal or transaction to Bursa Securities. This includes for example -
(i)
transactions which fall under Rules 10.06 and 10.07 of the ACE LR i.e. non-related party transactions where the percentage ratio is 5% or 25% respectively;
(ii)
related party transactions which are subject to Rule 10.08 of the ACE LR; and
(iii)
transactions which fall under Rule 10.13 of the ACE LR.