When entering into a transaction, a company listed on Bursa Malaysia Securities Berhad (“Bursa Malaysia”) may need to make announcement to Bursa Malaysia as provided under the Listing Requirements. In deciding whether any announcement is required, a company listed on Bursa Malaysia (“PLC”) needs to make the following assessment. Quantitative …

When a buyer enters into an agreement with a seller to acquire shares of a company from the seller (“Transaction”), the buyer and the seller may negotiate for some other deals involving the target company to be included in the sale and purchase agreement in respect of the Transaction. For …

A company which intends to undertake an initial public offering (“IPO”) and list on Bursa Malaysia Securities Berhad (“Applicant Company”) must undertake a due diligence exercise on the Applicant Company and its group of companies (collectively, “Group”). One of the objectives of the due diligence exercise is to ensure any …

Under the Listing Requirements issued by Bursa Malaysia Securities Berhad (“Bursa Securities”), a corporation which intends to be listed on Bursa Securities (“Applicant”) must ensure that at least one third of its board of directors are independent directors. The Malaysian Code on Corporate Governance (“MCCG”) issued by the Securities Commission …

The Prospectus Guidelines (“Guidelines”) are issued by the Securities Commission Malaysia (“SC”) under section 377 of the Capital Markets and Services Act 2007 to set out the additional disclosure requirements in respect of a prospectus and the information to be disclosed in an abridged prospectus. The SC revised the Guidelines …