Withdrawal of listing


What are the types of corporate proposals envisaged in paragraph 16.07(b) of the Main LR where a listed issuer may withdraw its listing upon 100% of its listed shares or listed units being held by a shareholder or unit holder either individually or jointly with the associates, and the listed issuer has announced the offeror’s intention not to maintain the listed issuer’s listing status?

The corporate proposals in paragraph 16.07(b) of the Main LR include, among others, a scheme of arrangement, compromise, amalgamation or selective capital reduction under the Take-Overs and Mergers Code, and a Major Disposal.