CAPITAL MARKET STATISTICS

SC Scorecard Q2 2011
&
Statistics of Submissions Approved by SC in Q2 2011

 

A. Corporate Submissions to the SC – Q2 2011

Table 1: Status of Substantive Applications as at 30 June 2011

Applications

Total

Balance brought forward from Q1 2011

18

Add: Applications received in Q2 2011

451

Total applications

63

Less: Applications Considered/Withdrawn in Q2 2011

(44)

Balance carried forward to Q3 2011

19

  • 1 Including one previously deferred application that was reconsidered.

Table 2: Substantive Applications Considered/Withdrawn in Q2 2011

Type of proposals

Considered

 

Withdrawn

Total

Approved

Rejected

Returned

Initial public offering

  • Main Market

9

1

10

Reverse Take-Overs and Restructurings

2

2

Transfer to Main Market

1

1

Private debt securities

26

1

27

Others

4

4

TOTAL

42

1

1

44


Table 3: Processing Turnaround Time for Substantive Applications Considered in Q2 2011

Substantive Applications

Within Time Charter1

Exceed Time Charter

Total

No.

%

No.

%

No.

%

44

100

44

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 Q2 2011

Type of licence application

Received

Withdrawn

Returned

Considered

Approved

Rejected

Pending

Representative

 

 

 

 

 

 

 

New

327

1

21

305

248

0

57

Renewal

1,188

0

2

1,186

1,182

0

4

Corporation

 

 

 

 

 

 

 

New

10

0

0

10

3

0

7

Renewal

33

0

1

32

23

0

9

Individual

 

 

 

 

 

 

 

New

0

0

0

0

0

0

0

Renewal

1

0

0

1

1

0

0

Total

1,559

1

24

1,534

1,457

0

77

 

Table 5: Processing Turnaround Time for Licensing Applications in Q2 2011

Type of licence application

Within time charter

Exceeds time charter

Subtotal

Exception

Total approved

Total

%

Total

%

Total

%

Representative

 

 

 

 

 

 

 

 

New

245

99.19

2

0.81

247

1

0.40

248

Renewal

1,181

100

0

0

1,181

1

0.08

1,182

Corporation

 

 

 

 

 

 

 

 

New

3

100

0

0

3

0

0

3

Renewal

21

100

0

0

21

2

8.70

23

Individual

 

 

 

 

 

 

 

 

New

0

0

0

0

0

0

0

0

Renewal

1

100

0

0

1

0

0

1

Total

1,451

99.86

2

0.14

1,453

4

0.27

1,457


B. Corporate Submissions Approved by the SC – Q2 2011
i) Proposals Approved

Table 6: Number of Corporate Proposals Approved

Type of Proposals

No. of Corporate Proposals Approved

Q2 2011

Q1 2011

Q2 2010

Initial public offering

  • Main Market

9

1

3

Reverse Take-Overs and Restructurings

2

Transfer to Main Market

1

1

Private debt securities

26

17

15

Others

41

3

3

TOTAL

42

21

22

1 Includes offering of equity securities by foreign corporations with no listing on Bursa Malaysia.

ii) Private Debt Securities

Table 7: Approved RM-Denominated PDS

Type

Q2 2011

Q1 2011

Q2 2010

No. of proposals

Approved size (RM mil)

No. of proposals

Approved size
(RM mil)

No. of proposals

Approved size
(RM mil)

Conventional

7

9,676.80

9(1)

5,918.29

5

3,640.00

Sukuk

14

24,590.00

5

7,770.00

7

6,873.00

Combination(2)

Total

21

34,266.80

14

13,688.29

12

10,513.00

(1) Includes two asset-backed securities (ABS) amounting RM3.1 billion.
(2) Combination of conventional and sukuk.

 

Table 8: Approved Foreign Currency-Denominated PDS by Foreign Corporations(1)

Type

Q2 2011

Q1 2011

Q2 2010

No. of proposals

Approved size (mil)

No. of proposals

Approved size (mil)

No. of proposals

Approved size (mil)

Conventional

1

CNH3,000.00

1

USD500.00

Sukuk

2(2)

USD400.00

1

USD500.00

2

USD850.00

Combination

Total

1

CNH3,000.00

1

USD500.00

3

USD1,350.00

2

USD400.00

(1) Offers in Malaysia were part of global offering.
(2) Includes one which had yet to finalise the offer size at the point of approval.

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

Type

Q2 2011

Q1 2011

Q2 2010

No. of proposals

Approved size (USD mil)

No. of proposals

Approved size
(USD mil)

No. of proposals

Approved size
(USD mil)

Conventional

2

2,500.00

2

1,300.00

Sukuk

Combination

Total

2

2,500.00

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

Q2 2011

Q1 2011

Q2 2010

Clearance of offer document

2

6

5

Application for exemption from mandatory offer obligation

7

4

10

Others

31

28

32

Total

40

38

47

 

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

Q2
2011

Q1
2011

Q2
2010

Establishment of new funds

31

16

20

Increase in fund size

21

13

15

Exemption/variation from Guidelines1

5

4

6

Other applications 2

17

13

14

Total

74

46

55

(1)

Excludes applications submitted through the establishment of new schemes.

(2)

Includes applications for extension of time, change of management company, renewal of trustee’s registration and application to act as E-Host and provide online activities.