Transfer of listed corporation to the Main Market


Under the existing procedures for transfer of a listed corporation to the Main Market, 2 applications must be filed. Has this procedure been changed?

Under the enhanced transfer processes, a listed corporation is no longer required to submit 2 applications to Bursa Securities. Instead, the listed corporation needs to submit only one application (in a template as set out in Practice Note 22) and all the requisite documents and/or confirmations required for a quotation application under the existing transfer processes will be procured in the form of undertakings when the listed corporation submits its transfer application.