In a move to provide greater clarity on listing requirements for the ACE Market, the stock exchange said that companies that were loss-making or showing low profitability could still get listed if they displayed certain qualitative characteristics.
In a presentation to the media, Bursa Malaysia chief regulatory officer Selvarany Rasiah explained that loss-making or companies with low profitability could be approved to list if they were an innovative company in IT or research and development, had taken steps to improve their financial performance, or had a strategy to revive their business.
“And there needs to be acceptable justifications on the prospects of the applicant’s business,” Selvarany said.
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In a presentation to the media, Bursa Malaysia chief regulatory officer Selvarany Rasiah explained that loss-making or companies with low profitability could be approved to list if they were an innovative company in IT or research and development, had taken steps to improve their financial performance, or had a strategy to revive their business.
“And there needs to be acceptable justifications on the prospects of the applicant’s business,” Selvarany said.
Click Here To Register For Free Trial Services OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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