Bursa Malaysia Securities Berhad has made numerous amendments relating to the listing of foreign companies in Malaysia, structured warrants and related party transactions in its Listing Requirements (LR) and Listing Requirements for the MESDAQ Market (MMLR).
The changes are aimed at enhancing market diversity and accessibility in addition to improving efficiency, Bursa Securities said in a statement. All the amendments are effective immediately.
“The amendments, particularly in relation to listing of foreign companies and structured warrants, are aimed at increasing the pool of high quality stocks on Bursa Securities as well as diversifying the market’s listed offerings,” a spokesperson said in the statement.
The amendments relating to the listing of foreign companies in Malaysia which are provided under the LR are as follows:
– Foreign companies seeking or which have a primary listing on Bursa Securities must comply fully with the LR and specific obligations imposed.
– Companies seeking or which have a secondary listing on Bursa Securities must comply fully with the rules of their home exchange and specific obligations imposed under the LR.