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MAIN MARKET LISTING REQUIREMENTS
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ACE MARKET LISTING REQUIREMENTS
FAQ 8.19
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MAIN MARKET LISTING REQUIREMENTS
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TABLE OF CONTENTS
CHAPTER 1 - DEFINITIONS AND INTERPRETATION
CHAPTER 2 - GENERAL
APPENDIX 2A
APPENDIX 2B
CHAPTER 3 - ADMISSION
CHAPTER 4 - ADMISSION FOR SPECIFIC APPLICANTS
APPENDIX 4A
APPENDIX 4B
CHAPTER 4A - FOREIGN LISTING
CHAPTER 4B - LISTING OF SUKUK AND DEBT SECURITIES
APPENDIX 4B-A
CHAPTER 5 - STRUCTURED WARRANTS
APPENDIX 5A
CHAPTER 6 - NEW ISSUE OF SECURITIES
APPENDIX 6A
APPENDIX 6B
APPENDIX 6C
APPENDIX 6D
APPENDIX 6E
APPENDIX 6F
CHAPTER 7 - ARTICLES OF ASSOCIATION
CHAPTER 8 - CONTINUING LISTING OBLIGATIONS
APPENDIX 8A
APPENDIX 8B
APPENDIX 8C
APPENDIX 8D
APPENDIX 8E
CHAPTER 9 - CONTINUING DISCLOSURE
APPENDIX 9A
APPENDIX 9B
APPENDIX 9C
APPENDiIX 9D
APPENDIX 9E
CHAPTER 10 - TRANSACTIONS
APPENDIX 10A
APPENDIX 10B
APPENDIX 10C
APPENDIX 10D
CHAPTER 11 - TAKE-OVER & MERGERS
CHAPTER 12 - SHARE BUY-BACKS
APPENDIX 12A
APPENDIX 12B
APPENDIX 12C
APPENDIX 12D
CHAPTER 13 - ARRANGEMENTS AND RECONSTRUCTIONS
APPENDIX 13A
APPENDIX 13B
APPENDIX 13C
APPENDIX 13D
APPENDIX 13E
APPENDIX 13F
CHAPTER 14 - DEALINGS IN SECURITIES
CHAPTER 15 - CORPORATE GOVERNANCE
CHAPTER 16 - SUSPENSION, DE-LISTING AND ENFORCEMENT
APPENDIX 16A
PRACTICE NOTE 1
PRACTICE NOTE 2
PRACTICE NOTE 3
PRACTICE NOTE 4
PRACTICE NOTE 5
PRACTICE NOTE 6
PRACTICE NOTE 7
PRACTICE NOTE 8
PRACTICE NOTE 9
PRACTICE NOTE 10
PRACTICE NOTE 11
PRACTICE NOTE 12
PRACTICE NOTE 13
PRACTICE NOTE 14
PRACTICE NOTE 15
PRACTICE NOTE 16
PRACTICE NOTE 17
PRACTICE NOTE 18
PRACTICE NOTE 19
PRACTICE NOTE 20
PRACTICE NOTE 21
PRACTICE NOTE 22
PRACTICE NOTE 23
PRACTICE NOTE 24
PRACTICE NOTE 25
PRACTICE NOTE 26
PRACTICE NOTE 27
PRACTICE NOTE 28
PRACTICE NOTE 29
PRACTICE NOTE 30
PRACTICE NOTE 31
Page Content
PN17 Issuers
8.19
Paragraph 2.1(c) of Practice Note 17 sets out a criterion of a winding up of the listed issuer's subsidiary or associated company which accounts for at least 50% of the total assets employed of the listed issuer on a consolidated basis ("Criterion 2.1(c)").
(a)
If a winding-up order has been made against such subsidiary or associated company of a listed issuer but the winding-up order is either stayed or under appeal, will the listed issuer still be classified as a PN17 Issuer?
Yes, a stay order only has the effect of suspending the operation of the winding-up order. It does not change the fact that Criterion 2.1(c) has been triggered. Thus the classification as a PN17 Issuer will take effect. Similarly, if the winding-up order is pending appeal, the listed issuer will nonetheless be classified as a PN17 Issuer, pending the outcome of the appeal.
(b)
Will a winding-up order against a listed issuer, instead of such subsidiary or associated company of a listed issuer, trigger Criterion 2.1(c)?
No. However, pursuant to paragraph 16.11(2)(d) of the Main LR, Bursa Securities shall de-list a listed issuer where a winding up order has been made against the listed issuer itself.