CAPITAL MARKET STATISTICS

SC Scorecard Q1 2012
&
Statistics of Submissions Approved by the SC in Q1 2012

A. Corporate Submissions to the SC – Q1 2012

Table 1: Status of Substantive Applications as at 31 March 2012

Applications

Total

Balance brought forward from Q4 2011

12

Add: Applications received in Q1 2012

19

Total applications

31

Less: Applications Considered in Q1 2012

(22)

Less: Applications Withdrawn in Q1 2012

(-)

Balance carried forward to Q2 2012

9

Table 2: Substantive Applications Considered/Withdrawn in Q1 2012

Type of Applications

Considered

Withdrawn

Total

Approved

Rejected

Returned

Initial Public Offering

  • Main Market

1

1

Reverse Take-Overs and Restructurings

2

2

Transfer from ACE Market to Main Market

Private Debt Securities

16

16

Others

3

3

TOTAL

22

22

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q1 2012

Substantive Applications

Within Time Charter1

Exceed Time Charter

Total

No.

%

No.

%

No.

%

19

86

3

14

22

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 to the Main Market of Bursa Malaysia: 32 working days; and

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

B. Corporate Applications Approved by the SC – Q1 2012

i) Applications Approved

Table 4: Number of Applications Approved

Type of Applications

No. of Applications Approved

Q1 2012

Q4 2011

Q1 2011

Initial Public Offering

  • Main Market

1

2

1

Reverse Take-Overs and Restructurings

2

3

Transfer from ACE Market to Main Market

1

Private Debt Securities

16(1)

33(2)

17(3)

Others

3

4

3

TOTAL

22

43

21

(1)

16 applications comprising 12 Ringgit-denominated issues and 4 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5 & 6).

(2)

33 applications comprising 28 Ringgit-denominated issues and 8 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5 & 6).

(3)

17 applications comprising 14 Ringgit-denominated issues and 3 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5 & 6).

ii) Private Debt Securities (PDS)

Table 5: Approved Ringgit-Denominated issues

Type

Q1 2012

Q4 2011

Q1 2011

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

8

10,412.08

13

6,544.79

9(1)

5,918.29

Sukuk

4

11,525.00

15

41,698.10

5

7,770.00

Combination(2)

Total

12

21,937.08

28

48,242.89

14

13,688.29

(1)

Include 2 asset-backed securities (ABS) amounting to RM3,100.0 million.

(2)

Combination of sukuk and conventional notes.

Table 6: Approved foreign currency-denominated issues by foreign corporations(1)

Type

Q1 2012

Q4 2011

Q1 2011

No. of issues

Size

No. of issues

Size

No. of issues

Size

Conventional PDS

1

SGD2.0 billion

1

IDR1.5 trillion

Sukuk

3

USD2.4 billion(2)

7

USD200.0 million(3)

1

USD500.0 million

Combination

Total

1

SGD2.0 billion

1

IDR1.5 trillion

1

USD500.0 million

3

USD2.4 billion

7

USD200.0 million

(1) Offers in Malaysia were part of global offerings.
(2) 1 proposal has yet to finalise the offer size at the point of approval.
(3) 6 proposals have yet to finalise the offer size at the point of approval.

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

Type

Q1 2012

Q4 2011

Q1 2011

No. of issues

Size

No. of issues

Size

No. of issues

Size

Conventional PDS

2

USD1.3 billion

Sukuk

Combination

Total

2

USD1.3 billion

iii) Take-Overs & Mergers

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

Type

Number of Submissions Considered

Q1 2012

Q4 2011

Q1 2011^

Clearance of offer document

7

3

6

Exemption from mandatory offer obligation

5

6

5

Clearance of independent advice circular

8

7

8

Others*

9

13

6

Total

29

29

25

* Include extension of time, rulings, waiver from provisions of the Code, other ancillary applications and related decisions.
^ Certain comparable figures for Q1 2011 have been restated to conform to the current quarter’s presentation.

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

Q1
2012

Q4
2011

Q1
2011

Establishment of new funds

14

33

16

Increase in fund size

43

17

13

Exemption/variation from Guidelines(1)

1

1

4

Other applications(2)

20

9

13

Total

78

60

46

(1) Excludes applications submitted through the establishment of new schemes.
(2) Includes applications for extension of time and clearance of operation audit scope.

Table 10: Status of Licensing Applications as at 1 January – 31 March 2012 (Q1)

New licence application

Received

Withdrawn

Returned

Considered

Approved

Rejected

Pending

Representative

360

6

24

330

256

0

74

Corporation

6

2

4

0

0

0

0

Individual

0

0

0

0

0

0

0

Total

366

8

28

330

256

0

74

Table 11: Processing Turnaround Time for Licensing Applications, 1 January – 31 March 2012 (Q1)

New licence application

Within time charter

Exceeds time charter

Subtotal

Exception

Total approved

Total

%

Total

%

Total

%

Representative

240

94.12

15

5.88

255

1

0.39

256

Corporation

0

0

0

0

0

0

0

0

Individual

0

0

0

0

0

0

0

0

Total

240

94.12

15

5.88

255

1

0.39

256