Bursa enhances ACE Market rules, gives clearer listing requirements

Streamlining the regulations: Selvarany and Bursa Malaysia director, securities market, Ong Li Lee at the media briefing on the enhancements to the ACE Market listing.

KUALA LUMPUR: In a move to provide greater clarity on listing requirements for the ACE Market, the stock exchange said that companies that were loss-making or showing low profitability could still get listed if they displayed certain qualitative characteristics.

In a presentation to the media, Bursa Malaysia chief regulatory officer Selvarany Rasiah explained that loss-making or companies with low profitability could be approved to list if they were an innovative company in IT or research and development, had taken steps to improve their financial performance, or had a strategy to revive their business.