CAPITAL MARKET STATISTICS


 


SC Scorecard Q4 2010
&
Statistics of Submissions Approved by the SC in Q4 2010


 


A. Corporate Submissions to the SC – Q4 2010


Table 1: Status of Substantive Applications as at 31 December 2010



























Total

Balance brought forward from Q3 2010

25

Add: Applications received during Q4 2010

27

Add: Applications deferred and resubmitted during Q4 2010

Total applications

52

Less: Applications Considered during Q4 2010

(43)

Less: Applications Withdrawn/Returned during Q4 2010

(2)

Balance carried forward to Q1 2011

7


 


Table 2: Substantive Applications Considered/Withdrawn/Returned in Q4 2010





















































Type of proposals


Approved


Rejected


Deferred


Withdrawn/
Returned1


Total

Initial public offering



  • Main Market

 


9

 


 


1

 


1

 


11

Reverse Take-Overs and Restructurings

1

1

Transfer from ACE Market to Main Market

2

2

Private debt securities

27

27

Others

4

4

TOTAL

42

1

2

45







1


The main reasons for the withdrawn/returned application were, amongst others, poor standards of submissions, such as non-compliance to Equity Guidelines, and the applicant’s decision to relook at their entire application.




Table 3: Processing Turnaround Time for Substantive Applications Considered in Q4 2010























Substantive Applications


Within Time Charter1


Exceeds Time Charter


Total


No.


%


No.


%


No.


%


41


98


1


2


42


100






1

The SC’s time charter for processing, computed from the date of receipt of complete application to date to decision letter, is as follows:




  • 52 working days for applications involving initial public offerings (IPOs) on the Main Market of Bursa Malaysia and acquisitions of assets resulting in a significant change in the business direction/policy of a listed company;



  • 32 working days for applications involving large capitalisation IPOs and transfer of listing to the Main Market of Bursa Malaysia; and



  • 14 working days for applications involving private debt securities.


 


Table 4: Status of Licensing Applications as at 1 October – 31 December 2010 (Q4)







































































































Type of licence application


Received


Withdrawn


Returned


Considered


Approved


Rejected


Pending


Representative


 


 


 


 


 


 



New


261


1


28


232


185


0


47


Renewal


1,003


0


6


997


973


0


24


Corporation



 


 


 


 


 



New


11


0


0


11


3


0


8


Renewal


69


0


3


66


48


0


18


Individual


 


 


 


 


 


 


 


New


0


0


0


0


0


0


0


Renewal


1


0


0


1


1


0


0


Total


1,345


1


37


1,307


1,210


0


97


 


Table 5: Processing Turnaround Time for Licensing Applications, 1 October – 31 December 2010 (Q4)






















































































































Type of licence application


Within time charter


Exceeds time charter


Subtotal


Exception


Total Reported


Total


%


Total


%


Total


%


Representative


 


 


 


 


 


 


 


 


New


184


99.46


1


0.54


185


0


0.00


185


Renewal


971


99.90


1


0.10


972


1


0.10


973


Corporation


New


3


0.00


0


0.00


3


0


0.00


3


Renewal


46


97.87


1


2.13


47


1


2.08


48


Individual


New


0


0.00


0


0.00


0


0


0.00


0


Renewal


1


0.00


0


0.00


1


0


0.00


1


Total


1,205


99.75


3


0.25


1,208


2


0.17


1,210


 


B. Statistics of Applications Approved by the SC – Q4 2010


i) Corporate Proposals


Table 6: Number of Corporate Proposals Approved









































Type of Proposals


No. of Corporate Proposals Approved


Q4 2010


Q3 2010


Q4 2009

Initial public offerings



  • Main Market

9


5


2

Reverse Take-Overs and Restructurings




1

Transfer to Main Market


2


1


2

Private debt securities


271


113


64

Others


42


1


TOTAL


42


18


11
















1


27 proposals comprising 23 RM-denominated PDS and 4 foreign currency-denominated PDS.


2


4 proposals comprising 3 offering of shares proposals and 1 cross listing proposal.


3


11 proposals comprising 10 RM-denominated PDS and 1 foreign currency-denominated PDS.


4


6 proposals comprising 5 RM-denominated PDS issues and 1 foreign currency-denominated PDS.



ii) Private Debt Securities


Table 7: Approved RM-denominated PDS
















































Type


Q4 2010


Q3 2010


Q4 2009


No. of proposals


Approved size (RM mil)


No. of proposals


Approved size (RM mil)


No. of proposals


Approved size
(RM mil)


Conventional

151

7,134.97

6

3,894.27

4

1,964.68


Sukuk

8

20,565.00

3

10,300.00

1

20,000.00


Combinatio2

1

2,000.00


Total

23

27,699.97

10

16,194.27

5

21,964.68










1


Include 1 asset-backed securities (ABS) amounting RM400.0 million.


2


Combination of conventional and sukuk.



Table 8: Approved Foreign Currency-denominated PDS by Foreign Corporations
















































Type


Q4 2010


Q3 2010


Q4 2009


No. of proposals


Approved size
(USD mil)


No. of proposals


Approved size
(USD mil)


No. of proposals


Approved size
(USD mil)


Conventional


11


176.89





Sukuk

31

750.002


1


3,500.00


11


750.00

Combination








Total


4


926.89


1


3,500.00


11


750.00










1


Offers in Malaysia were part of a global offering.


2


2 proposals had yet to finalise the offer size at the point of approval.



Table 9: Approved Foreign Currency-denominated PDS by Malaysian Issuers
















































Type


Q4 2010


Q3 2010


Q4 2009


No. of proposals


Approved size
(USD mil)


No. of proposals


Approved size
(USD mil)


No. of proposals


Approved size
(USD mil)


Conventional







Sukuk

Combination








Total









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


Q4 2010


Q3 2010


Q4 2009

Clearance of offer document

11

6

4

Application for exemption from mandatory offer obligation

6

11

16

Others

29

36

33


Total


46


53


53


 


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

Q4
2010

Q3
2010

Q4
2009

Establishment of new funds

17

28

30

Increase in fund size

9

8

11

Exemption/variation from Guidelines1

1

4

1

Other applications2

10

16

12

Total

37

56

54









1

Excluding applications submitted through the establishment of new schemes.

2

Including, amongst others, applications for extension of time, change of fund name and application to act as E-Host and provide online activities.