Aspect Main Market Ace Market
Quantitative admission criteria
  1.  Profit test
  • Uninterrupted profit of 3 to 5 full financial years (“FY”), with aggregate after-tax profit of at least RM20 million;
  • After-tax profit of at least RM6 million for the most recent FY; and
  • Have been operating in the same core business over at least the profit track record prior to submission
  1.  Market capitalization test
  • A total market capitalization of at least RM500 million upon listing; and Incorporated and generated operating revenue for at least one full FY prior to submission
  • No minimum operating track record or profit requirement.
Public spread
  • At least 25% of the company’s total number of shares; and
  • Minimum of 1,000 public shareholders holding not less than 100 shares each.
  • At least 25% of the company’s total number of shares; and
  • Minimum of 200 public shareholders holding not less than 100 shares each
Bumiputera equity requirement
  • Allocation of 50% of the public spread requirement to Bumiputera investors at the point of listing
  • No requirement at the point of listing.
  • Allocation of 12.5% of the enlarged share capital to Ministry of International Trade and Industry (MITI)-recognized Bumiputera investors.
  • within 1 year after achieving Main Market profit track record, or 5 years after being listed on ACE Market,whichever is the earlier
Sponsorship
  • Not applicable
  • Engage a Sponsor to assess the suitability for listing.
  • Sponsorship is required for at least 3 full FY post listing and the Sponsor who submitted the listing application must act as the Sponsor for at least 1 full FY following upon admission.
Management continuity
  • Continuity of substantially the same management for at least 3 full FY prior to submission; or
  • For market capitalization test or infrastructure project corporation test, since the commencement of operations (if less than 3 full FY)
  • Continuity of substantially the same management for 3 full FY prior to submission or since its incorporation (if less than 3 full FY).
Transaction with related parties
  • Must be based on terms and conditions which are not unfavorable to the company.
  • All trade debts exceeding the normal credit period and all non-trade debts, owing by the interested persons to the company or its subsidiary companies must be fully settled prior to listing
  • Must be based on terms and conditions which are not unfavorable to the company.
  • All trade debts exceeding the normal credit period and all non-trade debts, owing by the interested persons to the company or its subsidiary companies must be fully settled prior to listing