Out of the eight applications for equity proposals considered, three were approved (consisting of two IPOs and one share offering) while five were rejected owing to non-compliance with the SC’s Equity Guidelines (consisting of three IPOs, one restructuring proposal and one proposed transfer from the ACE Market to the Main Market).

The two IPOs approved during the quarter are expected to have a combined potential market capitalisation of RM190.10 million and to raise a total amount of funds of RM59.03 million.

All 15 applications for PDS proposals considered in Q3 were approved. The total amount of funds to be raised from ringgit-denominated PDS issues approved in Q3 is RM15.9 billion.

20 applications for the establishment of new collective investment schemes were approved in Q3, of which 13 were for unit trust funds and 7 were for wholesale funds.

Capital market statistics released by the SC cover information on processing, approvals and rejections of submissions, including timing and reasons. In addition to these scorecard indicators, the quarterly statistics of submissions approved by the SC for the third quarter of 2011 were also reported.

SECURITIES COMMISSION MALAYSIA