Objectives of the Ace Listing Requirement & the New Market

To strengthen the position of Bursa Securities as aresponsibilities of the sponsors will therefore,
conducive capital raising destination, the enhancedsignificantly enhances accordingly by way of the ability
framework of the MESDAQ Market will be known asto assess the suitability of a company seeking listing on
Ace Market effective 3 August 2009.the Ace.
Under the enhanced framework of the Ace, there willObjectives of the Ace Listing Requirement are:
be certain streamlining of regulatory functions such as:
1. Enhance attractiveness of listing on the Ace;
1. Securities Commission ("SC") will continue to register2. Improve efficiency and time to market;
prospectuses of companies seeking listing in Ace3. Strengthen investor protection through enhanced
Market to ensure adequate disclosures to theprovisions for greater clarity, integrity and credibility of
investors;the company as well as the market.
2. SC's approval, however, is not required whereThe sponsorship regime has been significantly
companies are seeking listing on the Ace andenhanced in line with the Ace Market being a
subsequent proposals of listed corporations on thesponsor-driven alternative market, and therefore, must
Ace. All listing requirements within the Ace will becomply with the Ace Listing Requirement with effect
governed under the Ace Listing Requirement; andfrom 3 August 2009.
3. This enhanced framework empowers sponsorsFurther, a listed issuer must submit a valuation report in
with greater flexibility and certainty to advisecases where there is a transaction involving
prospective corporations on access to the capitalnon-related parties (percentage ratios is 25% or more)
market both at the time of listing and subsequentlyor related parties (percentage ratios is 5% or more).
through further fund-raising exercises. The roles and