CAPITAL MARKET STATISTICS


SC Scorecard Q2 2012
&
Statistics of Submissions Approved by the SC in Q2 2012



 


A. Corporate Submissions to the SC – Q2 2012


Table 1: Status of Substantive Applications as at 30 June 2012

























Applications


Total


Balance brought forward from Q1 2012


9


Add: Applications received in Q2 2012


56


Total applications


65


Less: Applications Considered in Q2 2012


(34)


Less: Applications Withdrawn in Q2 2012


(3)


Balance carried forward to Q3 2012


28



Table 2: Substantive Applications Considered/Withdrawn in Q2 2012






























































Type of Applications


Considered



Withdrawn


Total


Approved


Rejected


Returned

Initial Public Offering



  • Main Market

2



1


1


4

Reverse Take-Overs and Restructurings


1





1

Transfer from ACE Market to Main Market


1





1

Private Debt Securities


24



1


2


27

Cross listing of Malaysian Corporation


1





1

Others


3





3

TOTAL


32



2


3


37




Table 3: Processing Turnaround Time for Substantive Applications Considered in Q2 2012























Substantive Applications


Within Time Charter1


Exceed Time Charter2


Total


No.


%


No.


%


No.


%

33

97

1

3

34

100









(1)

The SC time charter for processing is computed from the date of receipt of complete information on 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 from the ACE Market to the Main Market of Bursa Malaysia: 32 working days; and
  • Private debt securities: Deemed approval and 14 working days.

(2)

Main reasons for exceeding time charter include incomplete submission from the applicant and/or SC’s request for further clarification on certain pertinent issues.



B. Corporate Applications Approved by the SC – Q2 2012


i) Applications Approved


Table 4: Number of Applications Approved














































Type of Applications


No. of Applications Approved


Q2 2012


Q1 2012


Q2 2011

Initial Public Offering



  • Main Market

2


1


9


Reverse Take-Overs and Restructurings


1


2


2


Transfer from ACE Market to Main Market


1



1


Cross Listing of Malaysian Corporation


1




Private Debt Securities (PDS)


24(1)


16(2)


26(3)


Others


3(4)


3


4


TOTAL


32


22


42















(1) 18 Ringgit-denominated issues and 6 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5, 6 & 7).
(2) 12 Ringgit-denominated issues and 4 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5, 6 & 7).
(3) 21 Ringgit-denominated issues and 5 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5, 6 & 7).
(4) Includes offering of equity securities by foreign corporation with no listing on Bursa Malaysia.


ii) Private Debt Securities (PDS)


Table 5: Approved Ringgit-Denominated issues
















































Type


Q2 2012


Q1 2012


Q2 2011


No. of issues


Size
(RM mil)


No. of issues


Size
(RM mil)


No. of issues


Size
(RM mil)

Conventional PDS

12

12,255.00

8

10,412.08

7

9,676.80

Sukuk

6

10,750.00

4

11,525.00

14

24,590.00

Combination(1)

Total

18

23,005.00

12

21,937.08

21

34,266.80


(1) Combination of sukuk and conventional notes.



Table 6: Approved foreign currency-denominated issues by foreign corporations





















































Type


Q2 2012


Q1 2012


Q2 2011


No. of issues


Size


No. of issues


Size


No. of issues


Size


Conventional PDS




1


SGD2.00 billion(2)


1


CNY3.00 billion(2)


Sukuk

3

USD4.15 billion(1)

3

USD4.15 billion(2)


2


USD1.05 billion(2)


Combination








Total


3


USD4.15 billion


1


SGD2.00 billion


1


CNY3.00 billion

3

USD4.15 billion


2


USD1.05 billion


(1) Comprise 1 multi-currency issue amounting to USD3.0 billion and 2 global offerings.
(2) Offerings in Malaysia were part of global offerings.



Table 7: Approved foreign currency-denominated issues by Malaysian Issuers
















































Type


Q2 2012


Q1 2012


Q2 2011


No. of issues


Size


No. of issues


Size


No. of issues


Size


Conventional PDS


3


USD8.00 billion(1)



2

USD2.50 billion


Sukuk


Combination


Total

3

USD8.00 billion

2

USD2.50 billion


(1) Multi-currency issues.



iii) Take-Overs & Mergers


Table 8: Number of Applications Considered under the Malaysian Code on Take-overs and Mergers 2010




































Type


Number of Submissions Considered

Q2 2012

Q1 2012

Q2 20112

Clearance of offer document1

8

7

2

Exemption from mandatory offer obligation

7

5

7

Clearance of independent advice circular

14

8

11

Others3

12

9

8

Total

41

29

28


Note:












1. Include clearance of documents relating to scheme of arrangement and selective capital repayment which are considered as take-over offers.
2. Certain comparable figures for Q2 2011 have been restated to conform to the current quarter’s presentation.
3. Include applications for extension of time, ruling, waiver from provisions of the Code, other ancillary applications and related decisions.


iv) Unit Trusts & Collective Investment Schemes


Table 9: Number of Submissions Relating to Unit Trusts and Other Collective Investment Schemes Approved




































Type


Number of Submissions Approved

Q2
2012

Q1
2012

Q2
2011

Establishment of new funds

21

14

31

Increase in fund size

28

43

21

Exemption/variation from Guidelines1

3

1

5

Other applications 2

18

20

17

Total

70

78

74


(1) Excludes applications submitted through the establishment of new schemes.
(2) Including applications for change of trustee, extension of time and renewal of trustee’s registration.



v) Applications for Licences


Table 10: Status of Licensing Applications as at 1 April – 30 June 2012 (Q2)












































New licence application


Received


Withdrawn


Returned


Considered


Approved


Pending


Representative


345


1


17


327


277


50


Corporation


1


0


0


1


0


1


Individual


0


0


0


0


0


0


Total


346


1


17


328


277


51



Table 11: Processing Turnaround Time for Licensing Applications, 1 April – 30 June 2012 (Q2)


























































New licence application


Within time charter


Exceeds time charter


Subtotal


Exception


Total approved


Total


%


Total


%


Total


%


Representative


276


99.64


1


0.36


277


0


0


277


Corporation


0


0


0


0


0


0


0


0


Individual


0


0


0


0


0


0


0


0


Total


276


99.64


1


0.36


277


0


0


277