The Malaysian Securities Commission (SC) has given companies which have yet to meet the minimum paid capital requirements of the Kuala Lumpur Stock Exchange (KLSE) another six months to comply. They will now have until end-June 2004. Companies which fail to meet the minimum capital requirement will thereafter be classified as “undercapitalized” in a new sector of the KLSE. The minimum paid-up capital for a KLSE Main Board company is MYR 60 million, and MYR 40 million for the Second Board. At present, 88 companies are undercapitalized – down from 140 a year ago.
Malaysian Authorities Give Under-Capitalised Listed Companies Another Six Months To Shape Up
The Malaysian Securities Commission (SC) has given companies which have yet to meet the minimum paid capital requirements of the Kuala Lumpur Stock Exchange (KLSE) another six months to comply. They will now have until end June 2004. Companies which
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