FAQ 8.32

Appointment of Adviser for proposals

8.32	Pursuant to Rule 8.06 of the ACE LR, a listed corporation must engage the services of an Adviser where it undertakes such corporate proposals or activities prescribed by Bursa Securities as requiring the services of an Adviser.

	(a)	What are such corporate proposals or activities that require the services of an Adviser?

		The corporate proposals or activities which have been prescribed by Bursa Securities as requiring the services of an Adviser are set out in paragraph 2.0 of Guidance Note 19. In addition, the corporate proposals or activities which do not require the services of an Adviser are set out in paragraph 3.0 of Guidance Note 19.

	(b)	Who can be the Adviser?

		The Adviser must be a person registered on the Register of Sponsors of the ACE Market.

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