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Less: Applications Considered/Withdrawn in Q1 2011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Table 2: Substantive Applications Considered/Withdrawn in Q1 2011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Withdrawn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Withdrawn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.