CAPITAL MARKET STATISTICS
SC Scorecard Q2 2008
&
Statistics of Submissions Approved by SC in Q2 2008
A. Corporate Submissions to the SC – Q2 2008
Table 1: Status of Substantive Applications as at 30 June 2008
Total |
|
Balance brought forward from Q1 2008 |
27 |
Add: Applications received during Q2 20081 |
64 |
Add: Applications resubmitted as at end of Q2 2008 |
1 |
Total applications |
92 |
Less: Applications Considered during Q2 20082 |
54 |
Less: Applications Withdrawn/Returned during Q2 2008 |
1 |
Balance carried forward to Q3 2008 |
37 |
| 1 | Substantive Applications exclude other applications such as extension of time, waiver from guidelines, appeal against SC’s decision, etc. |
| 2 | Include two applications where their considerations have been deferred. |
Table 2: Substantive Applications Considered/Withdrawn/Returned in Q2 2008
Type of proposals |
Approved |
Rejected |
Deferred |
Withdrawn/ |
Total |
Initial public offerings
|
2 |
- |
2* |
- |
4 |
Mergers & Acquisitions |
2 |
- |
- |
- |
2 |
Restructurings |
6 |
- |
- |
- |
6 |
Equity capital-raising |
8 |
- |
- |
- |
8 |
Private debt securities |
21 |
- |
- |
- |
21 |
Others |
10 |
- |
- |
- |
10 |
TOTAL |
52 |
- |
2 |
1 |
55 |
| * | Deferred pending further information/developments |
Table 3: Processing Turnaround Time for Substantive Applications Considered in Q2 2008
Substantive Applications |
Within Time Charter1 |
Exceeds Time Charter |
Total2 |
|||
No. |
% |
No. |
% |
No. |
% |
|
52 |
100 |
- |
- |
52 |
100 |
|
| 1 | SC time charter is 60 working days for applications involving initial public offerings (IPOs) and acquisitions/disposals of assets resulting in a significant change in the business direction/policy of a listed company. The 21 working days are for applications involving large capitalisation IPOs and equity. The 28 and 14 working days each are for asset backed and private debt securities respectively. For a stand-alone rights proposal and private placements up to 10% of the paid-up share capital, the time charter is 5 working days and 1 working day respectively. The processing time are computed from the date of receipt of complete application to date of decision letter. |
| 2 | Exclude two applications where their considerations have been deferred. |
Table 4: Status of Licensing Applications in Q2 2008
Type of licence application |
Received |
Withdrawn |
Returned |
Considered |
Approved |
Rejected |
Pending |
Representative |
|||||||
New |
296 |
3 |
27 |
266 |
197 |
0 |
69 |
Renewal |
2,289 |
0 |
2 |
2,287 |
2,200 |
0 |
87 |
Corporation |
|||||||
New |
11 |
0 |
0 |
11 |
6 |
0 |
5 |
Renewal |
41 |
0 |
1 |
40 |
34 |
0 |
6 |
Individual |
|||||||
New |
1 |
0 |
0 |
1 |
0 |
0 |
1 |
Renewal |
2 |
0 |
0 |
2 |
2 |
0 |
0 |
Total |
2,640 |
3 |
30 |
2,607 |
2,439 |
0 |
168 |
Table 5: Processing Turnaround Time for Licensing Applications in Q2 2008
Type of licence application |
Within time charter |
Exceeds time charter |
||
Total |
% |
Total |
% |
|
Representative |
||||
New |
194 |
98.47 |
3 |
1.53 |
Renewal |
2,189 |
99.5 |
11 |
0.5 |
Corporation |
||||
New |
6 |
100 |
0 |
0 |
Renewal |
34 |
100 |
0 |
0 |
Individual |
||||
New |
0 |
0 |
0 |
0 |
Renewal |
2 |
100 |
0 |
100 |
Total |
2,425 (99.42%) |
14 (0.58%) |
||
B. Statistics of Applications Approved by the SC – Q2 2008
i) Corporate Proposals
Table 6: Number of Corporate Proposals Approved
Type of Proposals |
No. of Corporate Proposals Approved |
||
Q2 2008 |
Q1 2008 |
Q2 2007 |
|
Initial public offerings |
5 |
13 |
3 |
Mergers & Acquisitions |
2 |
8 |
4 |
Restructurings |
6 |
2 |
9 |
Equity capital-raising |
8 |
21 |
36 |
Private debt securities |
21 |
28 |
20 |
Others |
10 |
16 |
27 |
TOTAL |
52 |
88 |
99 |
ii) Private Debt Securities
Table 7: Approved RM-denominated PDS Issues
Type |
Q2 2008 |
Q1 2008 |
Q2 2007 |
|||
No. of issues |
Size of issues |
No. of issues |
Size of issues |
No. of issues |
Size of issues |
|
Conventional |
182 |
30,391.72 |
143 |
26,465.00 |
15 |
5,007.02 |
Sukuk |
7 |
5,870.00 |
13 |
5,850.00 |
105 |
6,627.00 |
Combination1 |
- |
- |
24 |
6,000.00 |
2 |
60,000.00 |
Total |
25 |
36,261.72 |
29 |
38,315.00 |
27 |
71,634.02 |
| 1 | Combination of Conventional and Sukuk. |
| 2 | Include one asset-backed securities (ABS) issue amounting to RM1 billion, one multi-currency PDS issue amounting to RM4 billion, one PDS issue by an agency of a foreign government pursuant to PN2A amounting to RM3.5 billion and two PDS issues by foreign multinational corporations pursuant to PN2B amounting to RM5 billion. |
| 3 | Include one ABS issue amounting to RM650 million, two PDS issues by multilateral development banks/multilateral financial institutions pursuant to Practice Note 2 (PN2) amounting RM7.8 billion, one PDS issue by an agency of a foreign government pursuant to Practice Note 2A (PN2A) amounting to RM1.35 billion and four PDS issues by foreign multinational corporations pursuant to Practice Note 2B (PN2B) amounting to RM9 billion. |
| 4 | Multi-currency PDS issues by agencies of foreign government pursuant to PN2A. |
| 5 | Include one ABS issue amounting to RM2.3 billion. |
Table 8: Approved Foreign Currency-denominated PDS Issues by Foreign Corporations
Type |
Q2 2008 |
Q1 2008 |
Q2 2007 |
|||
No. of offers |
Size of offers |
No. of issues |
Size of issues |
No. of issues |
Size of issues |
|
Conventional |
- |
- |
- |
- |
- |
|
Sukuk |
- |
- |
11 |
USD5,000.00 |
51 |
USD5,300.00 |
Combination |
- |
- |
- |
- |
11 |
USD3,000.00 |
Total |
- |
- |
1 |
USD5,000.00 |
6 |
USD8,300.00 |
| 1 | Offer in |
Table 9: Approved Foreign Currency-denominated PDS Issues by Malaysian Issuers
Type |
Q2 2008 |
Q1 2008 |
Q2 2007 |
|||
No. of offers |
Size of offers |
No. of offers |
Size of offers |
No. of issues |
Size of issues |
|
Conventional |
- |
- |
21 |
USD300.00 |
- |
- |
SGD425.00 |
||||||
Sukuk |
- |
- |
- |
- |
- |
- |
Total |
- |
- |
2 |
USD300.00 |
- |
- |
SGD425.00 |
||||||
| 1 | PDS issues by a local issuer pursuant to Practice Note 1 (PN1). |
Table 10: Approved Program Issuance of Structured Products
Type |
Q2 2008 |
Q1 2008 |
Q2 2007 |
|||
No. of issues |
Size of issues |
No. of issues |
Size of issues |
No. of issues |
Size of issues |
|
Conventional |
2 |
4,000.00 |
1 |
5,000.00 |
5 |
50,150.00 |
Sukuk |
- |
- |
- |
- |
2 |
6,000.001 |
Total |
2 |
4,000.00 |
1 |
5,000.00 |
7 |
56,150.001 |
| 1 | Include adjustments to reflect updated figures for Q2 2007. |
iii) Take-overs & Mergers
Table 11: Number of Approved Submissions Relating to the Malaysian Code on Take-overs and Mergers
| Type | Number of Submissions Approved |
||
Q2 |
Q1 |
Q2 |
|
Clearance of offer document |
8 |
7 |
24 |
Application for exemption from mandatory offer obligation |
21 |
20 |
15 |
Others |
45 |
51 |
70 |
| Total | 74 |
78 |
109 |
iv) Unit Trusts & Collective Investment Schemes
Table: 12: Number of Submissions Relating to Unit Trust and Other Collective Investment Schemes Approved
Type |
Number of Submissions Approved |
||
Q2 |
Q1 |
Q2 |
|
Establishment of new funds |
31 |
30 |
44 |
Increase in fund size |
12 |
6 |
34 |
Exemption/variation from Guidelines1 |
2 |
4 |
10 |
Other applications 2 |
26 |
15 |
37 |
Total |
71 |
55 |
125 |
| 1 | Excluding applications submitted through the establishment of new schemes. |
| 2 | Including applications for extension of time, change of trustee and application to act as E-Host and provide online activities. |
