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Under the new LEAP Market Transfer Framework, a public-listed company must have been listed on the LEAP Market for at least two years to be assessed and considered suitable for listing on the ACE Market by a sponsor.
Additionally, a transfer applicant must retain the services of a sponsor for two full financial years following its admission to the ACE Market. Pursuant to a newly introduced recognised approved adviser framework, an approved advisor that has completed three initial listings on the LEAP Market with at least one qualified person may seek the Exchange’s approval to act as a recognised approved adviser.
Bursa Malaysia chief regulatory officer Julian Hashim said the amendments will open up opportunities for SMEs to have greater access to the capital market and provide a clearer roadmap for LEAP companies aiming to list on the ACE Market.
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