CAPITAL MARKET STATISTICS

SC Scorecard Q2 2012
&
Statistics of Submissions Approved by the SC in Q2 2012

 

A. Corporate Submissions to the SC – Q2 2012

Table 1: Status of Substantive Applications as at 30 June 2012

Applications

Total

Balance brought forward from Q1 2012

9

Add: Applications received in Q2 2012

56

Total applications

65

Less: Applications Considered in Q2 2012

(34)

Less: Applications Withdrawn in Q2 2012

(3)

Balance carried forward to Q3 2012

28

Table 2: Substantive Applications Considered/Withdrawn in Q2 2012

Type of Applications

Considered

Withdrawn

Total

Approved

Rejected

Returned

Initial Public Offering

  • Main Market

2

1

1

4

Reverse Take-Overs and Restructurings

1

1

Transfer from ACE Market to Main Market

1

1

Private Debt Securities

24

1

2

27

Cross listing of Malaysian Corporation

1

1

Others

3

3

TOTAL

32

2

3

37


Table 3: Processing Turnaround Time for Substantive Applications Considered in Q2 2012

Substantive Applications

Within Time Charter1

Exceed Time Charter2

Total

No.

%

No.

%

No.

%

33

97

1

3

34

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 from the ACE Market to the Main Market of Bursa Malaysia: 32 working days; and
  • Private debt securities: Deemed approval and 14 working days.

(2)

Main reasons for exceeding time charter include incomplete submission from the applicant and/or SC’s request for further clarification on certain pertinent issues.

B. Corporate Applications Approved by the SC – Q2 2012

i) Applications Approved

Table 4: Number of Applications Approved

Type of Applications

No. of Applications Approved

Q2 2012

Q1 2012

Q2 2011

Initial Public Offering

  • Main Market

2

1

9

Reverse Take-Overs and Restructurings

1

2

2

Transfer from ACE Market to Main Market

1

1

Cross Listing of Malaysian Corporation

1

Private Debt Securities (PDS)

24(1)

16(2)

26(3)

Others

3(4)

3

4

TOTAL

32

22

42

(1) 18 Ringgit-denominated issues and 6 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5, 6 & 7).
(2) 12 Ringgit-denominated issues and 4 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5, 6 & 7).
(3) 21 Ringgit-denominated issues and 5 foreign currency-denominated issues of conventional PDS and sukuk (Tables 5, 6 & 7).
(4) Includes offering of equity securities by foreign corporation with no listing on Bursa Malaysia.

ii) Private Debt Securities (PDS)

Table 5: Approved Ringgit-Denominated issues

Type

Q2 2012

Q1 2012

Q2 2011

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

No. of issues

Size
(RM mil)

Conventional PDS

12

12,255.00

8

10,412.08

7

9,676.80

Sukuk

6

10,750.00

4

11,525.00

14

24,590.00

Combination(1)

Total

18

23,005.00

12

21,937.08

21

34,266.80

(1) Combination of sukuk and conventional notes.

Table 6: Approved foreign currency-denominated issues by foreign corporations

Type

Q2 2012

Q1 2012

Q2 2011

No. of issues

Size

No. of issues

Size

No. of issues

Size

Conventional PDS

1

SGD2.00 billion(2)

1

CNY3.00 billion(2)

Sukuk

3

USD4.15 billion(1)

3

USD4.15 billion(2)

2

USD1.05 billion(2)

Combination

Total

3

USD4.15 billion

1

SGD2.00 billion

1

CNY3.00 billion

3

USD4.15 billion

2

USD1.05 billion

(1) Comprise 1 multi-currency issue amounting to USD3.0 billion and 2 global offerings.
(2) Offerings in Malaysia were part of global offerings.

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

Type

Q2 2012

Q1 2012

Q2 2011

No. of issues

Size

No. of issues

Size

No. of issues

Size

Conventional PDS

3

USD8.00 billion(1)

2

USD2.50 billion

Sukuk

Combination

Total

3

USD8.00 billion

2

USD2.50 billion

(1) Multi-currency issues.

iii) Take-Overs & Mergers

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

Type

Number of Submissions Considered

Q2 2012

Q1 2012

Q2 20112

Clearance of offer document1

8

7

2

Exemption from mandatory offer obligation

7

5

7

Clearance of independent advice circular

14

8

11

Others3

12

9

8

Total

41

29

28

Note:

1. Include clearance of documents relating to scheme of arrangement and selective capital repayment which are considered as take-over offers.
2. Certain comparable figures for Q2 2011 have been restated to conform to the current quarter’s presentation.
3. Include applications for extension of time, ruling, waiver from provisions of the Code, other ancillary applications and related decisions.


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

Q2
2012

Q1
2012

Q2
2011

Establishment of new funds

21

14

31

Increase in fund size

28

43

21

Exemption/variation from Guidelines1

3

1

5

Other applications 2

18

20

17

Total

70

78

74

(1) Excludes applications submitted through the establishment of new schemes.
(2) Including applications for change of trustee, extension of time and renewal of trustee’s registration.

v) Applications for Licences

Table 10: Status of Licensing Applications as at 1 April – 30 June 2012 (Q2)

New licence application

Received

Withdrawn

Returned

Considered

Approved

Pending

Representative

345

1

17

327

277

50

Corporation

1

0

0

1

0

1

Individual

0

0

0

0

0

0

Total

346

1

17

328

277

51

Table 11: Processing Turnaround Time for Licensing Applications, 1 April – 30 June 2012 (Q2)

New licence application

Within time charter

Exceeds time charter

Subtotal

Exception

Total approved

Total

%

Total

%

Total

%

Representative

276

99.64

1

0.36

277

0

0

277

Corporation

0

0

0

0

0

0

0

0

Individual

0

0

0

0

0

0

0

0

Total

276

99.64

1

0.36

277

0

0

277