Bursa Malaysia to be sole approving authority for ACE Market IPOs

KUALA LUMPUR: The Securities Commission and Bursa Malaysia Securities have announced that the exchange will be the sole approving authority for ACE Market initial public offerings (IPO), effective Jan 1, 2022.

Under the new regulatory framework, the exchange will become a one-stop centre for all ACE Market IPO approvals, including the registration of abridged prospectus for the purpose of secondary fund raising activities via rights issues by corporations listed on the ACE Market, the parties said in a joint statement .