CAPITAL MARKET STATISTICS

 

SC Scorecard Q4 2010
&
Statistics of Submissions Approved by the SC in Q4 2010

 

A. Corporate Submissions to the SC – Q4 2010

Table 1: Status of Substantive Applications as at 31 December 2010

Total

Balance brought forward from Q3 2010

25

Add: Applications received during Q4 2010

27

Add: Applications deferred and resubmitted during Q4 2010

Total applications

52

Less: Applications Considered during Q4 2010

(43)

Less: Applications Withdrawn/Returned during Q4 2010

(2)

Balance carried forward to Q1 2011

7

 

Table 2: Substantive Applications Considered/Withdrawn/Returned in Q4 2010

Type of proposals

Approved

Rejected

Deferred

Withdrawn/
Returned1

Total

Initial public offering

  • Main Market

 

9

 

 

1

 

1

 

11

Reverse Take-Overs and Restructurings

1

1

Transfer from ACE Market to Main Market

2

2

Private debt securities

27

27

Others

4

4

TOTAL

42

1

2

45

1

The main reasons for the withdrawn/returned application were, amongst others, poor standards of submissions, such as non-compliance to Equity Guidelines, and the applicant’s decision to relook at their entire application.


Table 3: Processing Turnaround Time for Substantive Applications Considered in Q4 2010

Substantive Applications

Within Time Charter1

Exceeds Time Charter

Total

No.

%

No.

%

No.

%

41

98

1

2

42

100

1

The SC’s time charter for processing, computed from the date of receipt of complete application to date to decision letter, is as follows:

  • 52 working days for applications involving initial public offerings (IPOs) on the Main Market of Bursa Malaysia and acquisitions of assets resulting in a significant change in the business direction/policy of a listed company;

  • 32 working days for applications involving large capitalisation IPOs and transfer of listing to the Main Market of Bursa Malaysia; and

  • 14 working days for applications involving private debt securities.

 

Table 4: Status of Licensing Applications as at 1 October – 31 December 2010 (Q4)

Type of licence application

Received

Withdrawn

Returned

Considered

Approved

Rejected

Pending

Representative

 

 

 

 

 

 

New

261

1

28

232

185

0

47

Renewal

1,003

0

6

997

973

0

24

Corporation

 

 

 

 

 

New

11

0

0

11

3

0

8

Renewal

69

0

3

66

48

0

18

Individual

 

 

 

 

 

 

 

New

0

0

0

0

0

0

0

Renewal

1

0

0

1

1

0

0

Total

1,345

1

37

1,307

1,210

0

97

 

Table 5: Processing Turnaround Time for Licensing Applications, 1 October – 31 December 2010 (Q4)

Type of licence application

Within time charter

Exceeds time charter

Subtotal

Exception

Total Reported

Total

%

Total

%

Total

%

Representative

 

 

 

 

 

 

 

 

New

184

99.46

1

0.54

185

0

0.00

185

Renewal

971

99.90

1

0.10

972

1

0.10

973

Corporation

New

3

0.00

0

0.00

3

0

0.00

3

Renewal

46

97.87

1

2.13

47

1

2.08

48

Individual

New

0

0.00

0

0.00

0

0

0.00

0

Renewal

1

0.00

0

0.00

1

0

0.00

1

Total

1,205

99.75

3

0.25

1,208

2

0.17

1,210

 

B. Statistics of Applications Approved by the SC – Q4 2010

i) Corporate Proposals

Table 6: Number of Corporate Proposals Approved

Type of Proposals

No. of Corporate Proposals Approved

Q4 2010

Q3 2010

Q4 2009

Initial public offerings

  • Main Market

9

5

2

Reverse Take-Overs and Restructurings

1

Transfer to Main Market

2

1

2

Private debt securities

271

113

64

Others

42

1

TOTAL

42

18

11

1

27 proposals comprising 23 RM-denominated PDS and 4 foreign currency-denominated PDS.

2

4 proposals comprising 3 offering of shares proposals and 1 cross listing proposal.

3

11 proposals comprising 10 RM-denominated PDS and 1 foreign currency-denominated PDS.

4

6 proposals comprising 5 RM-denominated PDS issues and 1 foreign currency-denominated PDS.

ii) Private Debt Securities

Table 7: Approved RM-denominated PDS

Type

Q4 2010

Q3 2010

Q4 2009

No. of proposals

Approved size (RM mil)

No. of proposals

Approved size (RM mil)

No. of proposals

Approved size
(RM mil)

Conventional

151

7,134.97

6

3,894.27

4

1,964.68

Sukuk

8

20,565.00

3

10,300.00

1

20,000.00

Combinatio2

1

2,000.00

Total

23

27,699.97

10

16,194.27

5

21,964.68

1

Include 1 asset-backed securities (ABS) amounting RM400.0 million.

2

Combination of conventional and sukuk.

Table 8: Approved Foreign Currency-denominated PDS by Foreign Corporations

Type

Q4 2010

Q3 2010

Q4 2009

No. of proposals

Approved size
(USD mil)

No. of proposals

Approved size
(USD mil)

No. of proposals

Approved size
(USD mil)

Conventional

11

176.89

Sukuk

31

750.002

1

3,500.00

11

750.00

Combination

Total

4

926.89

1

3,500.00

11

750.00

1

Offers in Malaysia were part of a global offering.

2

2 proposals had yet to finalise the offer size at the point of approval.

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

Type

Q4 2010

Q3 2010

Q4 2009

No. of proposals

Approved size
(USD mil)

No. of proposals

Approved size
(USD mil)

No. of proposals

Approved size
(USD mil)

Conventional

Sukuk

Combination

Total

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

Q4 2010

Q3 2010

Q4 2009

Clearance of offer document

11

6

4

Application for exemption from mandatory offer obligation

6

11

16

Others

29

36

33

Total

46

53

53

 

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

Q4
2010

Q3
2010

Q4
2009

Establishment of new funds

17

28

30

Increase in fund size

9

8

11

Exemption/variation from Guidelines1

1

4

1

Other applications2

10

16

12

Total

37

56

54

1

Excluding applications submitted through the establishment of new schemes.

2

Including, amongst others, applications for extension of time, change of fund name and application to act as E-Host and provide online activities.