Requirements relating to placement


Under paragraph 6.14(2) of the Main LR, one of the requirements in a back-to-back placement is that the listed issuer must give Bursa Securities a declaration from its existing shareholders involved in the back-to-back placement arrangement, that they will not derive any financial benefit from such an arrangement, directly or indirectly. When must such declaration be given to Bursa Securities?


The declaration must be submitted to Bursa Securities as part of the supporting documents for its listing application for new issue of securities.