1.5

​​Definition of "public" in relation to a business trust

(ii)

The facts in relation to Illustration 1 below are as follows:

A Sdn Bhd is a trustee-manager of C Trust, a business trust listed on the Main Market.

A Sdn Bhd has a wholly-owned subsidiary, B Sdn Bhd, a management company who manages a collective investment scheme, CIS M.

Mr. K is a director of A Sdn Bhd and B Sdn Bhd.

Corporation K and CIS M are subsidiary entities of C Trust as defined under the SC's Business Trust Guidelines.

Mr. L is a director in Corporation K.

Both A Sdn Bhd and B Sdn Bhd hold less than 5% in C Trust.

​​Based on the facts above and Illustration 1 below, who are excluded from the definition of "public" under paragraph 1.01(e) of the Main LR in relation to C Trust, the listed business trust?

FAQ 1.5(ii)-illustration.PNG

​The following are excluded from the definition of public in relation to C Trust, the listed business trust:

FAQ 1.5(ii)-illustration2.PNG