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BURSA MALAYSIA ANNOUNCES COMPREHENSIVE REVISION OF LISTING FEES.
BackApr 25, 2006
25 Apr 2006
BURSA MALAYSIA ANNOUNCES COMPREHENSIVE REVISION OF LISTING FEES
Bursa Malaysia Berhad ("Bursa Malaysia") today announced a comprehensive revision of the listing fee structure for the Main Board, Second Board and MESDAQ market of Bursa Malaysia Securities Bhd. Approved by the Securities Commission, the revision of the listing fee structure covers Initial Listing Fee, Additional Listing Fee and Annual Listing Fee.
Yusli Mohamed Yusoff, Chief Executive Officer of Bursa Malaysia said that the review indicates a firm commitment to enhance and improve the securities industry. "The new fee structure will better reflect the value of a listing on Bursa Malaysia and the current cost of delivering services. Notwithstanding the revision in the listing fee, Bursa Malaysia will still remain an attractive listing avenue vis-?-vis other exchanges."
The revised listing fee structure will be implemented in two phases:
First Phase - Implement with a 50% rebate on the fee increase effective 1 January 2007.
Second Phase - Implement with the new fees applied in full effective 1 January 2008.
The key features of the revision are:
- The formation of a single listing fee structure for both the Main Board and Second Board, in view of the nature of work required for the listing on the Main Board and Second Board is the same. In cognisance of Bursa Malaysia's role in promoting growth and technology companies, a lower fee structure will be adopted for MESDAQ Market. This is also to ensure the competitiveness of MESDAQ Market vis-?-vis other similar markets in the region.
- The change in the basis of computation of listing fee from nominal value to market value of the respective companies and securities. The change is reflective of the value and profile accorded to listed issuers.
- A higher minimum and maximum fee. The increase in the minimum and maximum fee imposed on the initial and annual listing fee is, amongst others, to reflect the increase in the minimum capital requirements of RM40 million and RM60 million for Main Board and Second Board respectively.
CURRENT AND REVISED LISTING FEES
| Main Board and Second Board | ||||
|---|---|---|---|---|
| Existing Structure | Revised Structure | |||
| Main Board | Second Board | Main Board and Second Board | ||
| Initial Listing | RM500 per million RM of nominal value of issued capital:
|
RM250 per million RM of nominal value of issued capital:
|
0.01% of total market value of issued capital:
|
|
| Additional Listing | RM500 per million RM of nominal value of issued capital:
|
RM250 per million RM of nominal value of issued capital:
|
0.01% of total market value of additional issued capital:
|
|
| Nominal Value of Issued Capital | Monthly Fee | |||
| Annual Listing | <=RM2 million <=RM50 million <=RM100 million >RM100 million |
RM100 RM250 RM500 RM750 |
RM200 per million RM of nominal value of issued capital
|
0.0025% of total market value of issued capital:
|
| Mesdaq Market | ||
|---|---|---|
| Existing Structure | Revised Structure | |
| Initial Listing | RM2,500 | 0.01% of total market value of issued capital:
|
| Additional Listing | RM2,500 | Fixed rate of RM10,000 |
| Annual Listing | RM2,500 |
|