Bursa Malaysia - Media Releases

CLOSURE OF BURSA MALAYSIA BERHAD

2013-05-17T16:53:38+08:00

Bursa Malaysia and its subsidiaries will be closed on Friday, 24 May 2013 in conjunction with the Wesak Day holiday.

Bursa Malaysia and its subsidiaries will resume operations on Monday, 27 May 2013.

UNUSUAL MARKET ACTIVITY

2013-05-16T17:41:51+08:00

Bursa Malaysia Securities Berhad (Bursa Malaysia Securities) has issued an Unusual Market Activity (UMA) query to LUSTER INDUSTRIES BHD (stock short name: LUSTER and stock code: 5068) today due to the sharp rise in price and volume in the Company’s shares recently.

The UMA query has been posted on Bursa Malaysia’s website, www.bursamalaysia.com, under the classification of “Listing Circular”.

Investors are advised to take note of the Company’s reply to the UMA query which will be posted on Bursa Malaysia’s website under company announcements, www.bursamalaysia.com, when making their investment decision.

BURSA MALAYSIA SECURITIES PUBLICLY REPRIMANDS PETROL ONE RESOURCES BERHAD FOR BREACH OF LISTING REQUIREMENTS

2013-05-14T17:20:00+08:00

Bursa Malaysia Securities Berhad (Bursa Malaysia Securities) has publicly reprimanded Petrol One Resources Berhad (PETONE) for breaching paragraphs 9.03(1) and 9.04(l) of the Bursa Malaysia Securities Main Market Listing Requirements (Main LR) read together with paragraph 2.1(d) of Practice Note 1 (PN1) for failing to make an immediate announcement in respect of the default in payments by PETONE and its wholly-owned subsidiary, Arus Dermaga Sdn. Bhd. (ADSB).

Paragraphs 9.03(1) and 9.04(l) of the Main LR read together with paragraph 2.1(d) of PN1 states that a listed issuer is required to immediately announce to the Exchange, irrespective of whether a demand has been made to the listed issuer, its subsidiaries or associated companies, as the case maybe, of default in payments of either interest, principal sums or both in respect of a credit facility where the total amount outstanding of the defaulted credit facility is 5% or more of the net assets of the listed issuer based on the latest published or announced financial statements.

The public reprimand was imposed pursuant to paragraph 16.19(1) of the Main LR after taking into consideration all facts and circumstances of the matter including the fact that PETONE had previously breached the listing requirements and upon completion of due process.

While Bursa Malaysia Securities has not found any of PETONE’s directors to have caused or permitted the breach by the company, Bursa Malaysia Securities wishes to highlight that it is the duty of the directors to maintain appropriate standards of responsibility and accountability in ensuring compliance of the Main LR. The Board of Directors of PETONE at the material time was as follows:-

Lim Kian Boon
Lee Wei Hong
Koh Say Kok
Jason Minos Anak Peter
Cheah Teik Hoe
Lim Lai Huat
Mohamad Reezal Bin Siddiq
Mohamed Ridzuan Bin Nor Md
Seah Cheoh Wah
YM Raja Halinuddin Bin Raja Halid

Bursa Malaysia Securities views the contravention seriously and has reminded PETONE and its Board of Directors of their obligation to uphold appropriate standards of responsibility and accountability to shareholders and the investing public.

BACKGROUND

ADSB and PETONE had defaulted in the term loan facilities granted by RHB Bank (L) Ltd and RHB Bank Berhad (collectively known as RHB) on 31 March 2010 and 31 January 2011 respectively. However, PETONE only announced the default in payments on 13 June 2012. The total amount outstanding of the defaulted credit facilities to RHB as at 31 December 2011 was RM83,406,269 which represented 249.5% of the company’s net assets of RM28.323 million and 62% of the company’s total borrowing of RM134.456 million as at 30 September 2011.

PETONE represented that RHB had granted abeyance to ADSB and PETONE in respect of the loan repayments while PETONE tried to restructure the loan. However, the fact remains that ADSB and PETONE had defaulted in payments to RHB. The abeyance and/or negotiation to restructure the loan was merely a step taken to address the default and did not unwind the occurrence of an event of default where an immediate announcement was required in accordance with PN1.

NEW ADMISSION INTO PRACTICE NOTE 17 – HB GLOBAL LIMITED

2013-05-08T09:38:38+08:00

Bursa Malaysia Securities Berhad (Bursa Malaysia Securities) would like to announce that HB GLOBAL LIMITED (HBGLOB) has triggered the criteria pursuant to Practice Note No. 17 (PN17) of the Main Market Listing Requirements of Bursa Malaysia Securities (Listing Requirements).

HBGLOB had announced on 7 May 2013 that it is considered as a PN17 Company pursuant to Paragraph 2.1(d) of PN17.

Bursa Malaysia Securities would like to emphasize that it will continue to monitor the progress of HBGLOB in respect of its compliance with the Listing Requirements.

Information on companies under PN17

As at 8 May 2013, there are a total of 24 companies under PN17 which represent 2.63% of the total number of 914 companies listed on Bursa Securities.

List of companies under PN17:-

ADVENTA BERHAD
BINA GOODYEAR BERHAD
ECM LIBRA FINANCIAL GROUP BERHAD
GLOBAL CARRIERS BERHAD
GW PLASTICS HOLDINGS BERHAD
HAISAN RESOURCES BERHAD
HB GLOBAL LIMITED
HEXAGON HOLDINGS BERHAD
HO HUP CONSTRUCTION COMPANY BERHAD
HOCK LOK SIEW CORPORATION BHD
INTEGRATED RUBBER CORPORATION BERHAD
LFE CORPORATION BERHAD
MAA GROUP BERHAD (formerly known as MAA HOLDINGS BERHAD)
MAXTRAL INDUSTRY BERHAD
OCTAGON CONSOLIDATED BERHAD
PAN MALAYSIA CAPITAL BERHAD
PATIMAS COMPUTERS BERHAD
PETROL ONE RESOURCES BERHAD
SAAG CONSOLIDATED (M) BHD
SILVER BIRD GROUP BERHAD
SUMATEC RESOURCES BERHAD
THE AYER MOLEK RUBBER COMPANY BERHAD
VASTALUX ENERGY BERHAD
VTI VINTAGE BERHAD

CLOSURE OF BURSA MALAYSIA BERHAD

2013-04-29T15:36:04+08:00

Bursa Malaysia and its subsidiaries will be closed on Wednesday, 1 May 2013 in conjunction with the Labour Day holiday. Bursa Malaysia will resume operations on Thursday, 2 May 2013.

UNUSUAL MARKET ACTIVITY

2013-04-24T14:07:56+08:00

Bursa Malaysia Securities Berhad (Bursa Malaysia Securities) has issued an Unusual Market Activity (UMA) query to SOLUTION ENGINEERING HOLDINGS BERHAD (stock short name: SOLUTN and stock code: 0093) today due to the sharp rise in price and volume of the Company’s shares recently.

The UMA query has been posted on Bursa Malaysia’s website, www.bursamalaysia.com, under the classification of “Listing Circular”.

Investors are advised to take note of the Company’s reply to the UMA query which will be posted on Bursa Malaysia’s website under company announcements, http://announcements.bursamalaysia.com when making their investment decision.

PN17: DESTINI BERHAD OUT OF PRACTICE NOTE 17

2013-04-22T17:43:06+08:00

Bursa Malaysia Securities Berhad (Bursa Malaysia Securities) would like to announce that a Practice Note No. 17 company, DESTINI BERHAD (DESTINI) has regularised its financial condition and no longer triggers any of the criteria under Paragraph 2.1 of Practice Note 17 (PN17).

Bursa Malaysia Securities would like to emphasise that it will continue to monitor the progress of PN17 companies in respect of their compliance with the Listing Requirements.

Information on companies under PN17

With the upliftment of DESTINI from its PN17 status, there are a total of 23 companies under PN17 which represent 2.52% of the total number of 914 companies listed on Bursa Securities.

List of companies under PN17:-

ADVENTA BERHAD
BINA GOODYEAR BERHAD
ECM LIBRA FINANCIAL GROUP BERHAD
GLOBAL CARRIERS BERHAD
GW PLASTICS HOLDINGS BERHAD
HAISAN RESOURCES BERHAD
HEXAGON HOLDINGS BERHAD
HO HUP CONSTRUCTION COMPANY BERHAD
HOCK LOK SIEW CORPORATION BHD
INTEGRATED RUBBER CORPORATION BERHAD
LFE CORPORATION BERHAD
MAA GROUP BERHAD (formerly known as MAA HOLDINGS BERHAD)
MAXTRAL INDUSTRY BERHAD
OCTAGON CONSOLIDATED BERHAD
PAN MALAYSIA CAPITAL BERHAD
PATIMAS COMPUTERS BERHAD
PETROL ONE RESOURCES BERHAD
SAAG CONSOLIDATED (M) BHD
SILVER BIRD GROUP BERHAD
SUMATEC RESOURCES BERHAD
THE AYER MOLEK RUBBER COMPANY BERHAD
VASTALUX ENERGY BERHAD
VTI VINTAGE BERHAD

UNUSUAL MARKET ACTIVITY

2013-04-19T16:12:35+08:00

Bursa Malaysia Securities Berhad (Bursa Malaysia Securities) has issued an Unusual Market Activity (UMA) query to JOHAN HOLDINGS BERHAD (stock short name: JOHAN and stock code: 3441) today due to a sharp rise in price of the Company’s shares recently.

The UMA query has been posted on Bursa Malaysia’s website, www.bursamalaysia.com, under the classification of “Listing Circular”.

BURSA MALAYSIA REGISTERS PATAMI OF RM38.2 MILLION IN FIRST QUARTER OF 2013

2013-04-18T13:32:00+08:00

Key Financial & Market Highlights

(1Q2013 Vs 1Q2012)

* PATAMI at RM38.2 million, down 6%

* Operating revenue at RM101.7 million, up 1%

* Operating expenses at RM54.9 million, up 5%

* Average daily trading value for securities market at RM1.7 billion, down 13%

* Market capitalisation at end of March 2013 at RM1.5 trillion, up 9%

* Velocity at 28%, down 18%

* Average daily contracts traded for derivatives market at 45,188 contracts, up 46%

Bursa's Q-on-Q Results - comparison to corresponding quarter 1Q2012

For the first quarter of 2013, Bursa Malaysia registered a marginal increase in its operating revenue at RM101.7 million largely on the back of a strong performance by the derivatives market. However, the profit after tax and minority interest (PATAMI) of RM38.2 million, a 6% decrease as compared to the same period last year. This was primarily due to salary review and adjustments undertaken as part of Bursa Malaysia’s efforts to be a competitive employer in attracting and retaining good talent.

For the period under review, the derivatives market posted a commendable performance with an increase of 43% in trading revenue to RM18.4 million from RM12.9 million recorded in the same period last year. This was attributable to the higher open interest and contracts traded which saw the average daily contracts (ADC) increase by 46%, from 31,015 contracts to 45,188 contracts.

In the securities markets, we recorded an increase of 9% in its market capitalisation to RM1.5 trillion, but registered a 13% decrease in the average daily trading value (ADV) to RM1.7 billion. As a result of the lacklustre market sentiments, the securities market registered lower trading revenue for the period under review of RM43.2 million as compared to RM50.5 million in the corresponding period last year. The listing and issuer services revenue also decreased by 8% compared to the corresponding period last year as activities on primary and secondary market were impacted by market sentiment.

On the Islamic market front, the ADV of Bursa Suq-Al Sila grew by 136% as compared to the corresponding quarter last year due to the greater awareness and acceptance of BSAS amongst international institutions coupled with new trading members.

Performance of the other revenue streams was satisfactory with a marginal increase as compared to the corresponding period last year.

Bursa's Q-on-Q Results - comparison to preceding quarter 4Q2012

Bursa Malaysia’s performance in the first quarter of 2013 was stronger that the performance of the preceding quarter. For the period under review, Bursa Malaysia registered a 7% increase in its PATAMI, from RM35.8 million to RM 38.2 million, on the back of an 8% increase in total operating revenue, from RM94.5 million to RM101.7 million. The securities market posted an increase by 14% in the ADV to RM1.7 billion, whilst the derivatives market posted a 4% increase in the ADC to 45,188 contracts.

Outlook

On expectations for the year ahead, Bursa Malaysia Chief Executive Officer, Dato' Tajuddin Atan said, "Overall, outlook is expected to be marginally better in 2013 than it was in 2012, driven by Malaysia’s strong fundamentals and domestic demand as well as supported by catalytic initiatives under the Government Transformation Programme and Economic Transformation Programme.”

The financial results for the quarter ended 31 March 2013 are available on Bursa Malaysia's website (www.bursamalaysia.com).

FINANCIAL RESULTS	1Q2013	1Q2012	Percentage Change
	RM’mil	RM’mil	%
Operating revenue	101.7	100.5	1
Other income	8.7	9.4	(7)
Total revenue	110.4	109.9	1
Staff costs	(27.2)	(24.2)	12
Depreciation and amortisation	(8.7)	(8.0)	9
Other operating expenses	(19.0)	(20.0)	(5)
Profit before tax	55.5	57.7	(4)
Income tax expense	(15.2)	(15.7)	(3)
Profit after tax	40.3	42.0	(4)
Minority interest	(2.1)	(1.4)	52
PATAMI	38.2	40.6	(6)

BURSA MALAYSIA DERIVATIVES BRANCHING INITIATIVE TAKES OFF WITH THE FIRST FUTURES-ONLY BRANCH OFFICE IN JOHOR BAHRU

2013-04-12T16:44:36+08:00

Bursa Malaysia Derivatives Berhad (Bursa Malaysia Derivatives) today announced that their futures broking branching initiative will soon be operationalised through the establishment of the first futures-only branch office by one of their futures brokers, Phillip Futures Sdn Bhd, on 18 April 2013.

This initiative is to enable futures brokers, particularly the standalone brokers (futures brokers who are not investment banks, universal brokers or 1+1 brokers), to expand their business reach by setting up branch offices and trading kiosks in various locations in Malaysia apart from their existing principal office. Futures brokers will be able to better serve their existing clients and to provide more access points to attract new clients to trade on Bursa Malaysia Derivatives, thus, paving the way for greater retail participation in the derivatives market.

Mr Chong Kim Seng, Chief Executive Officer of Bursa Malaysia Derivatives said, “I would like to commend Phillip Futures on their efficient move in establishing their first futures-only branch office in Johor Bahru. I am confident that this branching concept will create higher presence visibility amongst our futures brokers to promote Malaysian derivatives”.

Mr Teyu Che Chern, Chief Executive Officer of Phillip Futures said, “This is the first milestone achieved under Phillip Futures’ branching strategy. We are looking at setting up more branch offices and trading kiosks throughout Malaysia and this will certainly expand our clients’ outreach especially amongst retail clients.”

The branching initiative is realised pursuant to its implementation by Bursa Malaysia Derivatives on 3 December 2012 which allows futures brokers to establish branch offices and trading kiosks anywhere in Malaysia.

BURSA MALAYSIA SECURITIES INTRODUCES ‘GREEN LANE POLICY’ TO ENHANCE EFFICIENCY OF DOING BUSINESS FOR EQUITIES BROKERS

2013-04-05T20:42:36+08:00

Bursa Malaysia Securities Berhad (Bursa Malaysia Securities) introduces the ‘Green Lane Policy’ where eligible equities brokers can commence their activities with only a notification process to Bursa Malaysia Securities. The new policy will take effect from 2 May 2013.

The policy will shorten the time to market for equities brokers to commence their new activities which includes the opening of new branches or Electronic Access facilities, the provision of margin financing and the commencement of proprietary trading.

This is part of the initiative by the Exchange to enhance efficiency of doing business for equity brokers as well as to encourage greater self-regulation. Equities brokers which have met the criteria of familiarity, supervisory controls and displayed high standards of business conduct will be eligible to adopt the policy. This will encourage equities brokers to enhance their self regulation so as to avail themselves of the incentives under the Green Lane Policy.

Bursa Malaysia Chief Executive Officer, Dato’ Tajuddin Atan said, “We hope that the introduction of this policy, coupled with the recently revamped Business Rules for securities brokers will enhance the attractiveness of our market as a place for intermediation as well as investments.”

Presently, all applications by the equities brokers to Bursa Malaysia Securities for the commencement of a new activity are processed either through the Self-Assessment Approach (SAA) or the Declaratory Approach (DA) where approvals from Bursa Malaysia Securities are required.

For more information on the Green Lane Policy, please visit http://www.bursamalaysia.com/market/regulation/rules/bursa-malaysia-rules/securities/rules-of-bursa-malaysia-securities

UNUSUAL MARKET ACTIVITY

2013-04-04T16:31:42+08:00

Bursa Malaysia Securities Berhad (Bursa Malaysia Securities) has issued an Unusual Market Activity (UMA) query to IRM GROUP BERHAD (stock short name: IRMGRP and stock code: 7220) today due to a sharp increase in volume of the Company’s shares recently.

The UMA query has been posted on Bursa Malaysia’s website, www.bursamalaysia.com, under the classification of “Listing Circular”.

Investors are advised to take note of the Company’s reply to the UMA query which will be posted on Bursa Malaysia’s website under company announcements, http://announcements.bursamalaysia.com when making their investment decision.

BURSA MALAYSIA APPLAUDS PUBLIC BANK AS THE FIRST ADOPTER OF eRIGHTS SERVICE

2013-04-02T16:36:00+08:00

Bursa Malaysia Berhad has entered into an agreement with Public Bank Berhad signifying the bank as the first adopter of eRights, the latest e-service by Bursa Malaysia to be introduced to the market towards creating a more facilitative trading environment. By being the first adopter of eRights will make Public Bank the first financial institution to provide investors the convenience of electronic subscription and payment of Rights issues via the bank’s ATM and Internet Banking facilities.

Dato’ Tajuddin Atan, Chief Executive Officer, Bursa Malaysia, said, “We applaud Public Bank for recognising the benefits in terms of efficiency and convenience eRights brings to its customers. At Bursa Malaysia we are committed to bringing new and innovative solutions to the marketplace, such as eRights, to ease the processes of market transactions for our investors.

“Therefore, to find support from a bank that has been voted as one of the best banks in the country, is a strong testament to our efforts and initiatives that are designed to serve the marketplace, as we work to build a more competitive and leading marketplace in the region”, continued Dato’ Tajuddin.

Tan Sri Dato’ Sri Tay Ah Lek, Managing Director, Public Bank Berhad, said, “At Public Bank, our customers are our priority and as such we are determined to continuously enhance our service value to meet increasingly sophisticated customer demands. eRights allows our customers the ease and flexibility to transact their eRights application via our Public Bank internet banking service – www.pbebank.com - or via any one of our 522 ATMs located nationwide. We laud Bursa Malaysia for their continuous efforts to enhance the marketplace and also for their keen understanding of what the market needs. We commend Bursa Malaysia’s approach to work with market players to identify and introduce more new initiatives for the benefit of all.”

eRights, which was launched on 28 March 2013, is one of the latest e-Service initiatives by Bursa Malaysia that delivers on the Exchange’s strategic intent that is to create a more facilitative trading environment. eRights complements the suit of e-Services launched prior, including e-Dividend and e-Share Application for electronic IPO applications.

“With globalisation and the advent of the ASEAN capital market integration, competition is now heightened and as such we constantly need to improve our way of doing business to meet the changing needs of our end users”, added Dato’ Tajuddin.

For more information on eRights, please visit www.bursamalaysia.com.

From left to right in the photo are:

1. Chua Kong Khai - Chief Market Operations Officer, Bursa Malaysia Berhad

2. Dato' Tajuddin Atan - Chief Executive Officer, Bursa Malaysia Berhad

3. Tan Sri Dato' Sri Tay Ah Lek - Managing Director, Public Bank Berhad

4. Dato' Chang Kat Kiam - Chief Operating Officer, Public Bank Berhad

ASEAN EXCHANGES CEOs ANNOUNCE NEXT ROLLOUT PHASE OF INVEST ASEAN 2013 FOLLOWING ITS DEBUT SUCCESS

2013-04-01T17:32:05+08:00

Vietnam to host Invest ASEAN 2013 for Capital Market Drivers and Regulators as the country prepares its market for cross border trade

At the 18^th ASEAN Exchanges CEOs meeting held here today the seven CEOs of ASEAN Exchanges announced the next rollout phase of Invest ASEAN 2013 following the success of its debut rollout, which was held this year at the three connected exchanges of the ASEAN Trading Link – The Stock Exchange of Thailand on 12^th January, Singapore Exchange on 2^nd February and Bursa Malaysia on 2^nd March.

Organised in collaboration with local broker partners, Invest ASEAN 2013, underscores the collaborative effort and on-going progress of ASEAN Exchanges towards the development of the ASEAN capital market as a highly investable asset class. The Invest ASEAN 2013 roadshow is one of the many efforts being undertaken to profile the exciting companies listed on the seven exchanges in ASEAN to both domestic and foreign investors.

The ASEAN Exchanges CEOs reported that the debut rollout of Invest ASEAN 2013 received enthusiastic response from local investors who attended the event to learn more about ASEAN investment opportunities and to gain insights to investing in ASEAN stocks directly from experts and corporate leaders.

Charamporn Jothikasthira, President of The Stock Exchange of Thailand said, “The enthusiastic turnout of local investors at Invest ASEAN 2013 debut roadshow is a strong validation of the collaborative efforts of ASEAN Exchanges to open up cross border trade in ASEAN. Indeed for retail investors, Invest ASEAN 2013 presents an exciting beginning to new investment opportunities in ASEAN and the turnout confirms investors’ readiness and desire to trade cross border. And this was reaffirmed by the positive feedback received from many of the 1,200 investors in total who attended Invest ASEAN 2013.”

Magnus Bocker, Chief Executive Officer of Singapore Exchange concurred, saying, “Invest ASEAN underscores the firm collaborative partnership of ASEAN Exchanges in its commitment to create an ASEAN asset class by providing investors a unique channel and access into the ASEAN market that is robust and growing. The interest shown by investors in Invest ASEAN is heartening and supports ASEAN Exchanges' ambition to grow intra-regional investment flows.”

Tajuddin Atan, Chief Executive Officer of Bursa Malaysia, added that the success of Invest ASEAN went beyond the goal to reach out to investors as it also garnered wider attention and interest from the international investment community.

Tajuddin said, “We are very pleased by the wider recognition and interest in ASEAN Exchanges stemming from our collaborative initiatives. Invest ASEAN has in fact further raised our profile particularly amongst the international investment and trade community. Recently, a western trade council approached us with their keen interest to work with ASEAN Exchanges. This is a strong endorsement of the collaborative efforts of ASEAN Exchanges in our effort to promote ASEAN as an asset class.

“On that note, cross border visibility and familiarity is paramount not only amongst investors but primarily, the regulators and capital market players. To this end, I applaud the steps taken by HoChiMinh Stock Exchange and Hanoi Stock Exchange to host Invest ASEAN in Vietnam”, added Tajuddin.

Following the successful debut rollout, the ASEAN Exchanges CEOs were united in their decision to rollout Invest ASEAN 2013, beginning with HoChiMinh Stock Exchange.

In Vietnam, Invest ASEAN 2013 will be rolled out to Regulators, Brokers and Fund Managers, in a move to align market players towards integration with other ASEAN capital markets in the future.

Dr. Tran Dac Sinh, Chairman of HoChiMinh Stock Exchange, said, “We are encouraged by the success of Invest ASEAN 2013, signifying the strong interest amongst investors to trade cross border in ASEAN. HoChiMinh Stock Exchange and Hanoi Stock Exchange are excited to bring about progress to our market to attain the level of market maturity necessary and, we hope to fast-track this process by bringing Invest ASEAN 2013 first to our Regulators, Brokers and Fund Managers.”

The Invest ASEAN 2013 debut roadshow profiled a total of 11 public listed companies including ASEAN Stars companies from Bursa Malaysia, Singapore Exchange and The Stock Exchange of Thailand. Company CEOs and executives were present to engage directly with the investors while the roadshow also garnered strong support from ASEAN Trading Link Participating Brokers who were present at the roadshows to educate investors about cross border trading.

Invest ASEAN 2013 is one of the many efforts being undertaken by ASEAN Exchanges to promote the exciting companies listed on the seven exchanges in ASEAN.

ASEAN Stars are the 180 ASEAN blue-chip stocks that represent the 30 most exciting companies of each ASEAN Exchanges country as ranked by investability in terms of market capitalisation and liquidity.

The roadshow is the latest collaborative initiative by ASEAN Exchanges following its successful rollout of the ASEAN Trading Link connecting the exchanges of Malaysia, Singapore and Thailand, providing investors easier accessibility to trade a total of over 2,200 counters listed on these three exchanges.

Investors can also gain up-to-date information about ASEAN markets and a single, integrated view of the ASEAN market through the website – www.aseanexchanges.org. The website is built around the ASEAN Stars which allows investors to gain access to aggregated ASEAN market data and analytics, market performance of the seven ASEAN exchanges individually, Broker research reports and FTSE/ASEAN Indices Weekly Report.

The seven ASEAN Exchanges have a combined market capitalisation of over USD2.0 trillion and more than 3,000 companies listed on their exchanges. Some of these companies are the largest and most dynamic companies in the world, including leaders in finance and banking, energy, telecommunications, commodities, automotive manufacturing and other industrial sectors.

BURSA MALAYSIA INTRODUCES NEW eRIGHTS SERVICE FOR INVESTORS

2013-03-28T18:06:00+08:00

Another Initiative by Bursa Malaysia to Create A More Facilitative Trading Environment

Bursa Malaysia today announced the launch of eRights, bringing greater convenience and ease to investors by facilitating the electronic subscription and payment system when subscribing for Rights issue. As a result, individual shareholders will be able to subscribe for Rights issue via ATM and internet banking facility of participating banks, similar to the current practice for electronic IPO applications via Electronic Share Application (ESA).

Bursa Malaysia also launched the Nominee Rights Subscription (NRS) e-services to facilitate the electronic Rights subscription and payment for nominees companies.

Bursa Malaysia Chief Executive Officer, Dato’ Tajuddin Atan said that eRights is another initiative by Bursa Malaysia to create a more facilitative trading environment. Dato’ Tajuddin said, “We are continuously taking steps to introduce new initiatives for the market with the objective to provide a more facilitative trading environment to attract more investors and Issuers, not only within our domestic market, but also the region.”

With eRights shareholders now have flexibility and mode of choice when applying for rights issue allocation while Issuers will gain from the efficient flow of payments and lower cost due to electronic processing.

“We are determined to elevate our marketplace to firmly position Bursa Malaysia as the leading marketplace in the region. Already we are leading as ASEAN’s Multinational Marketplace¹ and other unique and distinct market segments such as Palm Oil and Islamic, which clearly differentiates Bursa Malaysia from other exchanges”, added Dato’ Tajuddin.

Recent initiatives rolled out by Bursa Malaysia include the rule amendments to allow the listing of Business Trust and Foreign Collective Investment Schemes as well as the revamped business rules for securities brokers.

These initiatives are part of Bursa Malaysia’s four Strategic Intents that have been defined as vital enhancement programmes to steer the market to become Asia’s leading marketplace. The four Strategic Intents are Creating a More Facilitative Trading Environment; Facilitate More Tradable Alternatives; Reshape Market Structure and Framework; and Ensuring a Regional Marketplace with Global Access.

For more information on eRights, please visit Bursa Malaysia’s website at www.bursamalaysia.com.

Note:

¹ ASEAN’s Multinational Marketplace:

Nearly 40% of FBM KLCI constituents’ revenue are from abroad;
28% of FTSE ASEAN 40 are Malaysian PLCs;
3 of ASEAN’s top 5 Investment Banks (IB) are Malaysian companies i.e CIMB Investment Bank, Maybank Kim Eng, RHB OSK DMG.

BURSA MALAYSIA BERHAD ANNOUNCES APPOINTMENT AND RETIREMENT OF INDEPENDENT NON-EXECUTIVE DIRECTORS

2013-03-28T17:57:00+08:00

Bursa Malaysia Berhad announced the appointment of Datuk Karownakaran @ Karunakaran a/l Ramasamy, Mr. Chay Wai Leong and Encik Ghazali bin Darman to its Board of Directors line up, effective 28 March 2013. All 3 of them will also be appointed as members of the Audit Committee.

Bursa Malaysia Berhad also announced the retirement of Dato’ Dr. Thillainathan a/l Ramasamy, Mr. Cheah Tek Kuang, Encik Izham bin Yusoff, and Dato’ Wong Puan Wah @ Wong Sulong as Independent Non-Executive Directors in accordance with Article 69 of the Company’s Articles of Association at the close of the 36th Annual General Meeting held today. Dato’ Dr. Thillainathan a/l Ramasamy, Mr. Cheah Tek Kuang and Encik Izham bin Yusoff also cease to be members of the Audit Committee.

Bursa Malaysia Berhad’s Board of Directors as at 28 March 2013 is as follows:

1. Tun Mohamed Dzaiddin bin Haji Abdullah
    Chairman, Non-Executive Director and Public Interest Director

2. Dato’ Tajuddin bin Atan
    Chief Executive Officer, Non-Independent Executive Director

3. Datuk Dr. Md. Tap bin Salleh
    Non-Executive Director and Public Interest Director

4. Datuk Dr. Syed Muhamad bin Syed Abdul Kadir
    Non-Executive Director and Public Interest Director

5. Datuk Puteh Rukiah binti Abd Majid
    Non-Executive Director and Public Interest Director

6. Dato’ Saiful Bahri bin Zainuddin
    Independent Non-Executive Director

7. Tan Sri Ong Leong Huat @ Wong Joo Hwa
    Independent Non-Executive Director

8. Tan Sri Datuk Dr. Abdul Samad bin Haji Alias
    Independent Non-Executive Director

9. Datuk Karownakaran @ Karunakaran a/l Ramasamy
    Independent Non-Executive Director

10. Mr. Chay Wai Leong
     Independent Non-Executive Director

11. Encik Ghazali bin Darman
     Independent Non-Executive Director

CHANGE OF NAME: "BOLTON BERHAD" TO "SYMPHONY LIFE BERHAD"

2013-03-27T17:30:29+08:00

Bursa Malaysia Berhad (Bursa Malaysia) wishes to announce the change of name of a Company as follows:

New NameNew Stock Short Name

Old Name	Old Stock Short Name	New Name	New Stock Short Name
BOLTON BERHAD	BOLTON	SYMPHONY LIFE BERHAD	SYMLIFE

The Company’s shares will be traded and quoted under the new name with effect from 9:00 a.m., Friday, 29 March 2013. The Stock Number remains unchanged.

UNUSUAL MARKET ACTIVITY

2013-03-26T15:33:36+08:00

Bursa Malaysia Securities Berhad (Bursa Malaysia Securities) has issued an Unusual Market Activity (UMA) query to M N C WIRELESS BERHAD (stock short name: MNC and stock code: 0103) today due to a sharp rise in price and volume of the Company’s shares recently.

The UMA query has been posted on Bursa Malaysia’s website, www.bursamalaysia.com, under the classification of “Listing Circular”.

BURSA MALAYSIA FACILITATES LISTING OF BUSINESS TRUSTS AND FOREIGN COLLECTIVE INVESTMENT SCHEMES

2013-03-25T18:30:00+08:00

In line with the objective to promote market and product innovation, Bursa Malaysia today issued its amended rules to enable the listing of business trusts on the Main Market of Bursa Malaysia Securities Berhad (“the Exchange”).

Business trusts are business enterprises set up as a trust structure, managed by a trustee-manager which holds the assets on trust for unit holders of the business trust. It has hybrid structures with elements of both a company and a trust. Business enterprises with stable growth and cash flow may now consider business trusts as an alternative structure to raise capital through initial public offerings in Malaysia.

Bursa Malaysia’s Chief Executive Officer, Dato’ Tajuddin Atan said, “The introduction of a business trust framework on the Exchange will create a new asset class for investors and broaden their choice of investments. This will in turn add more depth and sophistication to Malaysian’s capital markets.”

Pursuant to the amendments made to the Main Market Listing Requirements, the provisions applicable to a corporate listed issuer are generally also applicable to a business trust, subject to the necessary modifications in light of its trust structure. These provisions include requirements on admission, public spread, composition of independent directors, and post listing obligations such as the requirements for disclosure including immediate announcement of specific events, quarterly reports and annual reports, requirements on related party transactions and financial condition. The Exchange is committed to ensure that investors in business trusts are accorded the same level of investor protection comparable to that available vis-à-vis a corporate issuer. Consequential amendments have also been made to the Rules of Bursa Depository.

Further to the above, in line with the legal framework for business trust which allows the listing of a business trust established outside Malaysia, the Exchange has also reviewed Chapter 4A of the Main Market Listing Requirements holistically, to extend the framework to listings of all eligible foreign collective investment schemes on the Exchange. Under the amendments, any foreign collective investment schemes which meet the SC's Guidelines for the Offering, Marketing and Distribution of Foreign Funds can now seek listing on the Exchange. Previously, only foreign corporations are allowed to be listed on the Main Market of the Exchange.

A summary of the changes to the Main Market Listing Requirements are attached as Appendix 1.

For more information on the relevant rules, which are effective immediately, please visit the Exchange’s website at www.bursamalaysia.com.

APPENDIX 1

SUMMARY OF THE SALIENT AMENDMENTS TO THE MAIN LR ON BUSINESS TRUST AND FOREIGN COLLECTIVE INVESTMENT SCHEMES

1. The salient amendments in relation to business trust are as follows:

(a) Clarifying that where applicable, the requirements in the Main LR shall apply to an applicant or a listed issuer which is a business trust subject to such adaptations or modifications, where necessary [paragraph 2.09 of the Main LR].

(b) Applying similar admission procedures and requirements applicable to a listed issuer, to a business trust applicant seeking listing of a business trust on the Main Market [new Part F in Chapter 4; Practice Notes 21 and 23 of the Main LR].

(c) Imposing similar public spread requirements applicable to an applicant which is a corporation, to a business trust applicant at admission and on a continuing basis [new paragraph 4.19, paragraph 8.02 and new paragraph 8.40A of the Main LR].

(d) Imposing similar requirements applicable to a listed issuer in relation to the composition of independent directors on the board and audit committee, to the board and audit committee of a trustee-manager at admission and on a continuing basis [new paragraphs 4.17 and 4.18 of the Main LR].

(e) Requiring the solvency statement and distribution policy to be included with the announcement of distribution made pursuant to paragraph 9.19(2) of the Main LR [new paragraph 9.52 of the Main LR].

(f) Prescribing specific events which require immediate announcements by a business trust [new paragraph 9.53 of the Main LR].

(g) Prescribing additional information to be included in the quarterly reports and annual reports of a business trust [new paragraph 9.54 and Part C of Appendix 9B; new paragraph 9.55 and Part C of Appendix 9C of the Main LR].

(h) Applying the requirements in Chapter 10 of the Main LR to a business trust or its subsidiaries which enters into transactions. For this purpose -

(i) a new definition of the business trust’s subsidiary is provided;

(ii) the definitions of “director”, “major shareholder”, “major unit holder”, “related party” and “person connected” are amended to cater for a business trust structure; and

(iii) the relevant interested persons such as the trustee-manager, its director, major shareholder and persons connected, as well as the major unit holder and its persons connected, are expressly excluded from voting on a resolution approving a related party transaction or a Recurrent Related Party Transaction,

[paragraph 1.01, paragraphs 10.02(c), (f) and (fA); paragraphs 10.08(7) and 10.09(2) of the Main LR].

(i) Allowing a business trust to undertake a unit buy-back [paragraph 12.01 and new paragraph 12.27 of the Main LR].

(j) Applying the requirements on dealings in listed securities within and outside the closed period in Chapter 14 of the Main LR to the director, chief executive, chief financial officer and any other employee of the trustee-manager who is privy to price sensitive information of the business trust [paragraphs 14.02(b)(ii) and (i)(ii); and paragraph 14.03(1) of the Main LR].

(k) Applying the existing PN17 framework to a business trust with the necessary modifications [paragraph 8.04 and Practice Note 17 of the Main LR].

(l) Streamlining the relevant terminologies used in the Main LR with the CMSA and the SC’s Business Trust Guidelines.

2. The key amendments relating to collective investment schemes are as follows:

Foreign Collective Investment Schemes

(a) Extending the requirements relating to foreign listing in Chapter 4A to -

(i) a collective investment scheme that is primarily regulated in a jurisdiction other than Malaysia, including a business trust established outside Malaysia (“foreign collective investment scheme”) seeking primary listing on the Main Market; and

(ii) a collective investment scheme, including a business trust seeking secondary listing on the Main Market.

[Chapter 4A; Practice Notes 21, 23, 24 and 25 of the Main LR].

Suspension and Delisting of Collective Investment Schemes

(b) Clarifying the circumstances in which the Exchange may suspend trading of listed units or delist a collective investment scheme (including a business trust) [new paragraphs 16.02(1)(iA) and 16.11(2)(c) & (d) of the Main LR].

UNUSUAL MARKET ACTIVITY

2013-03-21T17:24:31+08:00

Bursa Malaysia Securities Berhad (Bursa Malaysia Securities) has issued an Unusual Market Activity (UMA) query to TEBRAU TEGUH BERHAD (stock short name: TEBRAU and stock code: 1589) today due to a sharp rise in price of the Company’s shares recently.

The UMA query has been posted on Bursa Malaysia’s website, www.bursamalaysia.com, under the classification of “Listing Circular”.