On 30 August 2019, Bursa Malaysia Berhad ("the
Exchange") issued Consultation Paper No. 3/2019
("CP3/19") proposing amendments to the Main Market
Listing Requirements ("MMLR") and ACE Market Listing
Requirements ("ACE LR") (collectively "LR").
This article provides a summary of the proposed amendments.
New Issue of Securities: Announcements and
Circulars
To enhance the presentation of announcements and circulars
relating to new issues of securities, Appendices 6A and 6B of the
LR will be rearranged and categorised according to key areas. The
Exchange proposes to cluster the prescribed information in
Appendices 6A and 6B into 13 key areas, namely: (a) cover page; (b)
introduction; (c) details of the proposals; (d) rationale and
justification for the proposal; (e) utilisation of proceeds; (f)
effects of the proposal; (g) approvals required; (h) conditionality
of the proposal; (i) interest of directors, major shareholders,
chief executive and persons connected; (j)
