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 Stock Exchange Listing, How to be listed?

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TSKt3
post Jan 15 2008, 02:02 PM, updated 18y ago

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I'm curious to know how does a company get listed in a stock exchange like KLSE and SGX?

What are the rules and guidelines in order for the company to be listed?

Can anyone provide me a link to the information on these?

I'm particularly interested in the SGX listing.

Your help is much appreciated.
panasonic88
post Jan 15 2008, 02:18 PM

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i am not sure about the in-depth steps, but i know it involved money, money & money!

i did some googling and found this article (how to get listed in Nasdaq)

let me summarize it:

- A company must meet the minimum standards required. For example, the company must pay a $5,000 application fee before its stock can even be considered for listing, and it can expect to pay at least $100,000 in listing fees if successful.

- The company must have at least 1.1 million public shares outstanding worth a total of at least $8 million and a share price of at least $5 per share.

- On Nasdaq the company must maintain 750,000 public shares outstanding worth at least $5 million. Anything less could result in a delisting from the Nasdaq.


This post has been edited by panasonic88: Jan 15 2008, 02:20 PM
wheimeng
post Jan 15 2008, 02:22 PM

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hm.. if you have good prospect, hire a panel of merchant bank in helping you getting listed.

if you have more than 10mil revenue, it should meet the min requirement.

listing in singapore will face stricter regulation.
panasonic88
post Jan 15 2008, 02:23 PM

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next i could think of is - issueing IPO (Initial Public Offerings)...

TopGunn
post Jan 15 2008, 02:27 PM

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QUOTE(Kt3 @ Jan 15 2008, 02:02 PM)
I'm curious to know how does a company get listed in a stock exchange like KLSE and SGX?

What are the rules and guidelines in order for the company to be listed?

Can anyone provide me a link to the information on these?

I'm particularly interested in the SGX listing.

Your help is much appreciated.
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Listing requirement for KLSE.
http://www.klse.com.my/website/bm/rules_an...uirements/mbsb/

Didn't check SGX. Possible check be found at SGX webpage.
http://www.sgx.com/
TSKt3
post Jan 15 2008, 02:27 PM

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Thanks for your replies.

QUOTE
i am not sure about the in-depth steps, but i know it involved money, money & money!

i did some googling and found this article (how to get listed in Nasdaq)

let me summarize it:

- A company must meet the minimum standards required. For example, the company must pay a $5,000 application fee before its stock can even be considered for listing, and it can expect to pay at least $100,000 in listing fees if successful.

- The company must have at least 1.1 million public shares outstanding worth a total of at least $8 million and a share price of at least $5 per share.

- On Nasdaq the company must maintain 750,000 public shares outstanding worth at least $5 million. Anything less could result in a delisting from the Nasdaq.



Yeah, that's usually the standard for being listed just that the monetary value will differ from stock exchange to stock exchange.

What about financial results? Does it have to be quarterly for all listed companies? And usually when do people post their annual report? If it's later than the previous year, how late can it be before any action is taken against the company?

This post has been edited by Kt3: Jan 15 2008, 02:29 PM
panasonic88
post Jan 15 2008, 02:35 PM

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QUOTE(TopGunn @ Jan 15 2008, 02:27 PM)
Listing requirement for KLSE.
http://www.klse.com.my/website/bm/rules_an...uirements/mbsb/

Didn't check SGX. Possible check be found at SGX webpage.
http://www.sgx.com/
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ahh thanks for the KLSE link
i was finding for it high & low tongue.gif

TSKt3
post Jan 15 2008, 02:37 PM

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Haha, so was I.

So what about financial results? Does it have to be quarterly for all listed companies? And usually when do people post their annual report? If it's later than the previous year, how late can it be before any action is taken against the company?

Does anybody know about this?

This post has been edited by Kt3: Jan 15 2008, 02:40 PM
cherroy
post Jan 15 2008, 03:28 PM

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QUOTE(Kt3 @ Jan 15 2008, 02:37 PM)
Haha, so was I.

So what about financial results? Does it have to be quarterly for all listed companies? And usually when do people post their annual report? If it's later than the previous year, how late can it be before any action is taken against the company?

Does anybody know about this?
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They can't exceed 3 months time for every Q ended their financial calendar.
TSKt3
post Jan 15 2008, 03:38 PM

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I see.
Does the 3 months period apply to the annual report as well?
Meaning to say that after my financial calendar ends, I cannot exceed 3 months to produce the annual report in addition to the year end financial statements?
cherroy
post Jan 15 2008, 03:42 PM

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QUOTE(Kt3 @ Jan 15 2008, 03:38 PM)
I see.
Does the 3 months period apply to the annual report as well?
Meaning to say that after my financial calendar ends, I cannot exceed 3 months to produce the annual report in addition to the year end financial statements?
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The main criteria is reporting their audited financial report. Annual report = financial report.

You means the annual report 'book or CD' sent out? It is the same.
TSKt3
post Jan 15 2008, 04:36 PM

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Thanks for the clarification
tkwfriend
post Jan 15 2008, 09:33 PM

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for what i know u need to know here and there about politic,
minimum requirement from bursa 5 year stright earn money and cannot have lost. then other then that i need to ask my dad
dEviLs
post Jan 16 2008, 02:43 PM

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Bursa Listing Requirements

Main and 2nd Board:
http://www.bursamalaysia.com/website/bm/ru...ads/LR_MBSB.pdf

Mesdaq
http://www.bursamalaysia.com/website/bm/ru...loads/LR_MM.pdf

SGX Listing Manual:
http://info.sgx.com/SGXRuleb.nsf/VwCPForm_...sidenav=Issuers

This post has been edited by dEviLs: Jan 16 2008, 02:45 PM
TSKt3
post Jan 16 2008, 11:54 PM

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QUOTE(tkwfriend @ Jan 15 2008, 09:33 PM)
for what i know u need to know here and there about politic,
minimum requirement from bursa 5 year stright earn money and cannot have lost. then other then that i need to ask my dad
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Hi, don't think knowledge about politics is a requirement.
And I believe that should the company be already listed in Bursa it does not always need to be in the profit for 5 years straight.
What I understand is although the basic is a profit of a certain amount stipulated,
sometimes exceptions can be made should the company suffer losses.

For example, a case would be the nature of the company's business is on a downward phase.
In other words, all the companies that have the same nature of business (that do not diversify to other things) are also suffering losses due to the market demand.

 

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