Under the new regulatory framework, the exchange will become a one-stop centre for all ACE Market IPO approvals, including the registration of abridged prospectus for the purpose of secondary fund raising activities via rights issues by corporations listed on the ACE Market, the parties said in a joint statement .
According to the statement, during the transition period, the SC will continue to register ACE Market prospectuses that have been submitted to the SC prior to Jan 1, 2022. “More importantly, corporations seeking listing on the ACE Market would benefit from a seamless listing process while upholding the same level of investor protection,” SC chairman Datuk Syed Zaid Albar.
"“The ACE Market facilitates eligible corporations, especially the small and medium-sized corporations to meet their funding needs through IPOs in an efficient, sustainable and cost-effective manner,” he added.
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