[ As at 1 April 2015]​

BURSA MALAYSIA SECURITIES BERHAD

PRACTICE NOTE 25
LISTING PROCEDURES FOR NEW ISSUE OF SECURITIES BY ISSUERS WITH SECONDARY LISTING

 

DetailsCross References
Effective date:3 August 2009Paragraph 4A.24
Revision date:

25 March 2013,

1 April 2015

 

1.0Introduction
​​​​​​1.1This Practice Note sets out the following requirements in relation to a listing application by an issuer with a secondary listing on the Main Market under paragraph 4A.24 (i.e. for listing of a new issue of securities):
(a)the procedures for new issue of securities; and
(b)the listing and quotation application forms and supporting documents.
2.0Procedures relating to listing of a new issue of securities 
2.1The following procedures apply to the listing of a new issue of securities by an issuer with secondary listing on the Main Market, with the necessary modifications, as may be applicable:
(a)listed issuer immediately announces the new issue of securities to the Exchange upon the approval of its board of directors;
(b)listed issuer submits an application to the following parties if required under the applicable laws and rules –
(i)relevant authorities at the place of incorporation; and
(ii)the other stock exchange where the new issue of securities are admitted and quoted ("Stock Exchange"),
(i) and (ii) above referred to collectively in this Practice Note as "Relevant Authorities";
(c)the Relevant Authorities  approve the issuance and listing of the securities;
(d)listed issuer files with the Exchange a listing application for the new issue of securities together with supporting documents;
(e)Exchange grants approval-in-principle for the listing of the new issue of securities;
(f)listed issuer obtains shareholder approval, if required, under the applicable laws and rules;
(g)listed issuer fixes relevant books closing and entitlement dates, where applicable, and immediately announces such dates to the Exchange;
(h)listed issuer issues and allots the securities;
(i)listed issuer files with the Exchange a quotation application together with supporting documents at least 2 market days before the securities are admitted and quoted on the Stock Exchange; and
(j)securities are admitted to the Official List and quoted on the Exchange at the same time as they are admitted and quoted on the Stock Exchange if the quotation application together with the supporting documents are found to be complete in all respects.
2.2If the listed issuer fails to make an application to the Relevant Authorities and the Exchange by the date specified in the announcement under paragraph 2.1 above, it must immediately announce to the Exchange the fact of such failure, its reasons and when it expects to make the application.
3.0Listing and quotation application
3.1An issuer with a secondary listing on the Main Market must file with the Exchange a listing application for a new issue of securities which consists of the following:
(a)the application, in the form of Part A of Annexure PN25-A.pdf, duly signed by the  listed issuer;
(b)the supporting documents specified in Part B of Annexure PN25-A.pdf; and
(c)the proposed admission and quotation date of the new securities on the Stock Exchange.
3.2A listed issuer must also file with the Exchange a quotation application for a new issue of securities which is accompanied by -
(a)a confirmation of the admission and quotation date of the new securities on the Stock Exchange;
(b) the documents specified in Part C of Annexure PN25-A.pdf;
(c)such applicable documents set out in paragraph 3.1 above which were not submitted; and
(d)other documents as may be specified in the approval-in-principle granted by the Exchange

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Annexure PN25-A.pdf