THE Securities Commission Malaysia (SC) and Bursa Malaysia provides additional relief measures under the PEMERKASA Strategic Programme, which includes 12-month waiver and rebate on listing-related fees.
In doing so, the bourse will reduce the fundraising cost for companies and provide further financial relief to listed issuers.
Details of the measures include:
- A 12-month waiver on listing-related fees for IPOs effective March 17, 2021. A 100% waiver on processing fee, including prospectus registration fee for companies seeking to list on ACE and LEAP Market, as well as those with less than RM500 mil market capitalisation on Main Market.
It will also include a 100% waiver on initial fees and annual listing fee for companies with less than RM500 mil market capitalisation and a 50% waiver on initial fee and annual listing fee for companies of RM500 mil market capitalisation and above.
- A 50% rebate of annual listing fees for the year 2021 for listed issuers that meet the following criteria: Market capitalisation below RM500 mil as of Dec 31, 2020 and report financial losses as measured by group loss after tax in their quarterly report for a quarter ended on any date between Feb 1 to 30 April 2021 (inclusive) notwithstanding the date of submission of the same.
- A waiver on processing, perusal and listing fees on regularisation proposals received by Dec 31, 2021.
- From listed issuers that have been classified as a PN17/GN3 company;
- Cash company as set out in para 8.03 of the Main Market Listing Requirements and ACE Market Listing Requirements;
- Companies with an inadequate level of operations as set out in para 8.03A of the Main Market Listing Requirements and ACE Market Listing Requirements.
The SC and Bursa Malaysia will continue to monitor ongoing developments and assess if further measures will be required to support listed issuers during this challenging period. – March 19, 2021
