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New equity guidlines: RTO

May 2010 - Finance. Legal Developments by Kadir, Andri & Partners.

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The new Equity Guidlines of the Malaysian Securities Commission (SC) came into effect on August 3 2009. As a result, the SC's prior approval under section 212 of the Capital Markets and Services Act 2007 will no longer be required for many corporate proposals, save for certain substantive corporate proposals in the main market of Bursa Malaysia Securities Berhad (the Malaysian stock exchange).

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