SC to debut streamlined transfer mechanism to Main Market

Securities Commission chairman Datuk Seri Dr Awang Adek Hussin.

KUALA LUMPUR: The Securities Commission Malaysia (SC) is seeking to introduce a streamlined transfer mechanism that will enable qualifying ACE Market companies to transfer to the Main Market beginning in 2024, said its chairman, Datuk Seri Dr Awang Adek Hussin.

He said SC together with Bursa Malaysia is working to improve efficiency in the public markets to facilitate a start-up’s initial public offering (IPO), with measures such as reducing time-to-market for companies seeking to list on the stock exchange.