Requirements in relation to bonus issue
6.32
Rule 6.32 of the ACE LR requires a listed corporation which makes a bonus issue by way of capitalization of reserves arising from revaluation of real estate to submit 2 copies of the valuation report on the real estate to Bursa Securities immediately after the listed corporation announces the bonus issue or as soon as the valuation report is ready. Must the listed corporation submit the valuation report to the SC as well?
No, a valuation report required under Rule 6.32 of the ACE LR must be submitted to Bursa Securities only. A listed corporation need not submit the report to the SC.