Bursa Malaysia Seeks Public Feedback On Listing Amendments

KUALA LUMPUR, May 29 (Bernama) -- Bursa Malaysia Securities Bhd has issued a consultation paper seeking public feedback on the proposed amendments to the Main Market, ACE Market, and LEAP Market Listing Requirements (LR), including updates to the corporate rescue mechanism framework and exempted related party transactions.

In a statement, the exchange said that following the Companies (Amendment) Act 2024, two additional forms of corporate rescue mechanisms – judicial management (JM) and corporate voluntary arrangement (CVA) – have been extended to listed issuers.

“Accordingly, the exchange proposes to require all listed issuers to immediately announce to the market all material information on the JM application and CVA proposal, to keep investors apprised of any pertinent event affecting the listed issuer, and for greater transparency,” it said.

Separately, the exchange proposes to exempt transactions involving a joint venture (JV) partner to a major shareholder arising from a minor JV from being considered as a related party transaction.

The proposed exemption is subject to prescribed conditions and appropriate safeguards to ensure investor protection is not compromised whilst improving business efficacy.

"These proposed enhancements are part of the exchange’s ongoing commitment to ensure that the LR remains fit for purpose, in line with ongoing developments in the corporate and capital market landscape, through a balanced and appropriate regulatory framework," it added.

Further details on the consultation paper and the proposed amendments to the LR are available at https://www.bursamalaysia.com/regulation/public_consultation.

Bursa Malaysia welcomes views and feedback from the public on the proposed amendments. Interested parties are invited to submit their comments to Bursa Malaysia using the Table of Comments available in the link above by July 10, 2025.

-- BERNAMA