CAPITAL MARKET STATISTICS


SC Scorecard Q1 2011
&
Statistics of Submissions Approved by SC in Q1 2011


 


A. Corporate Submissions to the SC – Q1 2011


Table 1: Status of Substantive Applications as at 31 March 2011






















Applications


Total


Balance brought forward from Q4 2010


7


Add: Applications received in Q1 2011


351


Total applications


42


Less: Applications Considered/Withdrawn in Q1 2011


(24)


Balance carried forward to Q2 2011


18


1 Including one re-application which was deferred in the previous quarter.



Table 2: Substantive Applications Considered/Withdrawn in Q1 2011























































Type of proposals


Considered


 


Withdrawn


Total


Approved


Rejected


Returned1


Initial public offering



  • Main Market

 


1


 



 


1


 



 


2


Reverse Take-Overs and Restructurings





1


1


Transfer to Main Market







Private debt securities


17



1



18


Others2


3





3


TOTAL


21



2


1


24










1


Main reasons for the returned applications were poor standards of submissions, such as non-compliance with guidelines.


2


Offering of equity securities by foreign corporations with no listing on Bursa Malaysia.



Table 3: Processing Turnaround Time for Substantive Applications Considered in Q1 2011























Substantive Applications


Within Time Charter1


Exceed Time Charter


Total


No.


%


No.


%


No.


%


22


96


1


4


23


100






1

The SC time charter for processing is computed from the date of receipt of complete information of the application up to the date of the decision letter, and this is applicable to the following proposals:




  • Initial public offerings (IPOs) and acquisition of assets resulting in a significant change in the business direction/policy of a listed company: 52 working days;



  • Large capitalisation IPOs applications and transfer of listing to the Main Market of Bursa Malaysia: 32 working days; and



  • Private debt securities applications: Deemed approval and 14 working days.



Table 4: Status of Licensing Applications in Q1 2011







































































































Type of licence application


Received


Withdrawn


Returned


Considered


Approved


Rejected


Pending


Representative


 


 


 


 


 


 


 


New


266


5


13


248


203


0


45


Renewal


1,069


0


4


1,065


1,050


0


15


Corporation


 


 


 


 


 


 


 


New


9


0


0


9


3


0


6


Renewal


46


1


2


43


37


0


6


Individual


 


 


 


 


 


 


 


New


0


0


0


0


0


0


0


Renewal


0


0


0


0


0


0


0


Total


1,390


6


19


1,365


1,293


0


72


 


Table 5: Processing Turnaround Time for Licensing Applications in Q1 2011






















































































































Type of licence application


Within time charter


Exceeds time charter


Subtotal


Exception


Total Reported


Total


%


Total


%


Total


%


Representative


 


 


 


 


 


 


 


 


New


199


99.50


1


0.50


200


3


1.48


203


Renewal


1,049


99.90


1


0.10


1.050


0


0


1,050


Corporation


New


3


0


0


0


3


0


0


3


Renewal


32


100


0


0


32


5


13.51


37


Individual


New


0


0


0


0


0


0


0


0


Renewal


0


0


0


0


0


0


0


0


Total


1,283


99.84


2


0.16


1,285


8


0.62


1,293



B. Corporate Submissions Approved by the SC – Q1 2010
i) Proposals Approved


Table 6: Number of Corporate Proposals Approved









































Type of Proposals


No. of Corporate Proposals Approved


Q1 2011


Q4 2010


Q1 2010


Initial public offering



  • Main Market

1


9


10


Reverse Take-Overs and Restructurings





Transfer to Main Market



2


1


Private debt securities


17


27


8


Others


31


4



TOTAL


21


42


19


1 Offering of equity securities by foreign corporations with no listing on Bursa Malaysia.



ii) Private Debt Securities


Table 7: Approved RM-Denominated PDS Issues
















































Type


Q1 2011


Q4 2010


Q1 2010


No. of issuers


Size of issues
(RM’mil)


No. of issuers


Size of issues
(RM’mil)


No. of issuers


Size of issues
(RM’mil)


Conventional


91


5,918.29


152


7,134.97


53


8,586.00


Sukuk


5


7,770.00


8


20,565.00


2


590.00


Combination4








Total


14


13,688.29


23


27,699.97


7


9,176.00


1 Include 2 asset-backed securities (ABS) amounting to RM3,100.0 million.
2 Include 1 ABS amounting to RM400.0 million.
3 Include 2 ABS amounting to RM1,400.0 million.
4 Combination of conventional and sukuk.



Table 8: Approved Foreign Currency-Denominated PDS Issues by Foreign Corporations
















































Type


Q1 2011


Q4 2010


Q1 2010


No. of offers


Size of offers
(‘mil)


No. of offers


Size of offers
(‘mil)


No. of offers


Size of offers
(‘mil)


Conventional




11


176.89




Sukuk


11


2


31


750.003


11


450.00


Combination








Total


1



4


926.89


1


450.00


1 Offers in Malaysia were part of a global offering.
2 Offer size had yet to be finalised at the point of approval.
3 Include 2 proposals which had yet to finalise the offer size at the point of approval.



Table 9: Approved Foreign Currency-Denominated PDS Issues by Malaysian Issuers
















































Type


Q1 2011


Q4 2010


Q1 2010


No. of offers


Size of offers
(‘mil)


No. of offers


Size of offers
(‘mil)


No. of offers


Size of offers
(‘mil)


Conventional


2


1,300.00






Sukuk








Combination








Total


2


1,300.00






 


iii) Take-Overs & Mergers


Table 10: Number of Approved Submissions Relating to the Malaysian Code on Take-Overs and Mergers































Type


Number of Submissions Approved


Q1 2011


Q4 2010


Q1 2010


Clearance of offer document


6


11


5


Application for exemption from mandatory offer obligation


4


6


10


Others


28


29


19


Total


38


46


34



iv) Unit Trusts & Collective Investment Schemes


Table: 11: Number of Submissions Relating to Unit Trusts and Other Collective Investment Schemes Approved





































Type


Number of Submissions Approved


Q1
2011


Q4
2010


Q1
2010


Establishment of new funds


16


17


24


Increase in fund size


13


9


16


Exemption/variation from Guidelines1


4


1


4


Other applications 2


13


10


13


Total


46


37


57


1 Excluding applications submitted through the establishment of new schemes.
2 Including applications for extension of time and change of management company.