CAPITAL MARKET STATISTICS

SC Scorecard Q4 2011 & Statistics of Submissions Approved by the SC in Q4 2011

A. Corporate Submissions to the SC – Q4 2011

Table 1: Status of Substantive Applications as at 31 December 2011

Applications    

Total

Balance brought forward from Q3 2011

21

Add: Applications received in Q4 2011

41

Total applications

62

Less: Applications Considered in Q4 2011

(45)

Less: Applications Withdrawn in Q4 2011

(5)

Balance carried forward to Q1 2012

12

Table 2: Substantive Applications Considered/Withdrawn in Q4 2011

Type of proposals

Considered

 

Withdrawn

Total

Approved

Rejected

Returned

Initial Public Offering

  • Main Market

2

1

3

Reverse Take-Overs  and Restructurings

3

3

Transfer from ACE Market to Main Market

1

1

Corporate Bonds and Sukuk

33

1

1

35

Others

4

1

3

8

TOTAL

43

2

5

50

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q4 2011

Substantive Applications

Within Time Charter1

Exceed Time Charter

Total

No.

%

No.

%

No.

%

43

96

2

4

45

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 IPO applications and transfer of listings to the Main Market of Bursa Malaysia: 32 working days; and

  • Corporate bonds and Sukuk applications: Deemed approval and 14 working days.

B. Corporate Submissions Approved by the SC – Q4 2011

i) Proposals Approved

Table 4: Number of Corporate Proposals Approved

Type of Proposals

No. of Proposals Approved

Q4 2011

Q3 2011

Q4 2010

Initial Public Offering

  • Main Market

2

2

9

Reverse Take-Overs  and Restructurings

3

Transfer from ACE Market to Main Market

1

2

Corporate Bonds and Sukuk

33(1)

15(2)

27(3)

Others

4

1

4

TOTAL

43

18

42

(1)

33 applications involving 28 Ringgit-denominated issues and 8 foreign currency-denominated issues of corporate bonds and Sukuk (Tables 5 & 6).

(2)

15 applications involving 19 Ringgit-denominated issues of corporate bonds and Sukuk (Tables 5 & 6).

(3)

27 applications involving 28 Ringgit-denominated issues and 4 foreign currency-denominated issues of corporate bonds and Sukuk (Tables 5 & 6).

ii) Corporate Bonds and Sukuk

Table 5: Approved Ringgit-Denominated issues

Type

Q4 2011

Q3 2011

Q4 2010

No. of Issues

Size
(RM mil)

No. of Issues

Size
(RM mil)

No. of Issues

Size
(RM mil)

Corporate Bonds

13

6,544.79

10

7,786.72

17

7,134.97(1)

Sukuk

15

41,698.10

8

4,845.00

11

20,565.00

Combination(2)

1

3,500.00

Total

28

48,242.89

19

16,131.72

28

27,699.97

(1)

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

(2)

Combination of corporate bonds and Sukuk.

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

Type

Q4 2011

Q3 2011

Q4 2010

No. of Issues

Size (mil)

No. of Issues

Size (mil)

No. of Issues

Size (mil)

Corporate Bonds

1

IDR1.5 trillion

1

IDR1.6 trillion

Sukuk

7

USD200.0 million(2)

3

USD750.0 million(3)

Combination

(1)

Offers in Malaysia were part of global offerings.

(2)

6 proposals have yet to finalise the offer size at the point of approval.

(3)

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

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

Type

Q4 2011

Q3 2011

Q4 2010

No. of Issues

Size (mil)

No. of Issues

Size (mil)

No. of Issues

Size (mil)

Conventional

Sukuk

Combination

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

Q4 2011

Q3 2011

Q4 2010^

Clearance of offer document

3

9

11

Exemption from mandatory offer obligation

6

8

6

Clearance of independent advice circular

7

10

10

Appointment of independent adviser#

12

Others*

13

13

4

Total

29

40

43

*

Includes extension of time, rulings, waiver from provisions of the Code and other ancillary applications.

#

Since the coming into effect of the Malaysian Code on Take-overs and Mergers 2010, an independent adviser shall declare its independence as opposed to obtaining the approval of the SC for its appointment.

^

Certain comparable figures for Q4 2010 have been restated to conform with 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

Q4
2011

Q3
2011

Q4
2010

Establishment of new funds

33

20

17

Increase in fund size

17

23

9

Exemption/variation from Guidelines(1)

1

4

1

Other applications (2)

9

6

10

Total

60

53

37

(1)

Excludes applications submitted through the establishment of new schemes.

(2)

Includes applications for extension of time and applications to act as E-Host and provide online activities.

Table 10:  Status of Licensing Applications as at Q4 2011

New licence application

Received

Withdrawn

Returned

Considered

Approved

Rejected

Pending

Representative

356

0

14

342

292

0

50

Corporation

6

0

0

6

0

0

6

Individual

0

0

0

0

0

0

0

Total

362

0

14

348

292

0

56












Table 11: Processing Turnaround

Time for Licensing Applications

New licence application

Within time charter

Exceeds time charter

Subtotal

Exception

Total approved

Total

%

Total

%

Total

%

Representative

284

97.26

8

2.74

292

0

0

292

Corporation

0

0

0

0

0

0

0

0

Individual

0

0

0

0

0

0

0

0

Total

284

97.26

8

2.74

292

0

0

292