News
Shareholders Agreement Between Bursa Malaysia And RAM Holdings Berhad
BackDec 22, 2023
| Type | Announcement |
| Subject | OTHERS |
| Description | Bursa Malaysia Berhad ("Bursa Malaysia", or "Company") Shareholders Agreement between Bursa Malaysia and RAM Holdings Berhad |
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The terms used herein shall, unless the context otherwise states, have the same meaning as those defined in the previous announcement, where applicable.
Further to the Company's announcements dated 22 December 2022 and 6 June 2023, the Company wishes to announce the following:- 1. Bursa Malaysia RAM Capital Sdn Bhd (formerly known as BM RAM Capital Sdn Bhd) ("BR Capital") was incorporated on 27 December 2022, with Bursa Malaysia holding a 51% equity interest and RAM Holdings Berhad ("RAM") holding the remaining 49% equity interest, and will be the vehicle to operate the debt fundraising platform as previously announced. 2. The approval-in-principle from the Securities Commission Malaysia ("SC") in relation to BR Capital's application under the SC Guidelines on Recognized Markets was received on 2 June 2023. 3. Subsequent to item 2 above, the Company has on 21 December 2023 received SC's concurrence to Go Live. 4. BR Capital plans to launch the platform today (22 December 2023). 5. With the successful launch of the BR Capital platform, there will be no further announcement to be made in regard to this matter. The joint press release on the above is attached for information. This announcement is dated 22 December 2023. |
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Please refer attachment below.
Announcement Info
| Company Name | BURSA MALAYSIA BERHAD |
| Stock Name | BURSA |
| Date Announced | 22 Dec 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-21122023-00054 |
Attachments