Bursa Malaysia Berhad ('the Exchange')
issued a media release on 23 February 2021 to
announce amendments to the Main Market Listing Requirements
('Main LR') and the ACE Market Listing
Requirements ('Ace LR') (collectively
'LR') in relation to applications for a
lower public security holding spread. These amendments to the LR
will take effect on 1 March 2021.
The LR require a listed issuer to have at least 25% of its
listed securities in the hands of the public ('public
spread'). This requirement was not cast in stone as
the Exchange had in exceptional cases allowed listed issuers with
large market capitalisation to have a lower public spread, ranging
between 15% and 25%, if such lower public spread is sufficient for
liquidity in the listed issuers' securities. To enhance
transparency and provide regulatory clarity, the Exchange has now
amended the LR to codify the policy considerations for the
acceptance of a lower public spread based on a balanced assessment
of
