Computation of Listing Fees
3.
ABC Berhad has an existing issued and paid-up capital of RM100,000,000 comprising of 100,000,000 shares of RM1.00 each. ABC Berhad is to be listed on the Main Market of Bursa Securities on 1 March 2010 with an initial public offering of 150,000,000 ordinary shares of RM1.00 each. The issue price of the said shares has been fixed at RM3.00 per share.
(a)
Based on paragraph 2.1 of the Fees and Charges, what is the initial listing fee payable by ABC Berhad?
Based on paragraph 2.1 of the Fees and Charges, the initial listing fee will be calculated based on the market value of the enlarged issued and paid-up capital of ABC Berhad upon listing. The calculation is as follows:
Initial listing fee
= 0.01% of total market value of issued capital of ABC Berhad
= 0.01% x [RM3.00 x (100,000,000 + 150,000,000)]
= RM75,000.