Requirements for LEAP to ACE Market jump tweaked

The stock exchange operator said a transfer application must demonstrate that there is a clear and transparent price discovery mechanism in place.

KUALA LUMPUR: Bursa Malaysia has issued amendments to the ACE Market listing requirements with regard to the transfer of listing framework from the LEAP Market.

Under the new LEAP Market Transfer Framework, a public-listed company (PLC) must have been listed on the LEAP Market for at least two years to be assessed and considered suitable for listing on the ACE Market by a sponsor.

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