Under Paragraph 8.04A(2)(b) of the MMLR and Rule 8.03A(2)(b) of the ACE LR, an issuer is deemed to have ‘ insignificant business or operations’ if its business or operations generate revenue on a consolidated basis that is 5% or less of (a) its share capital (excluding redeemable preference shares and treasury shares) or (b) in the case where the issuer is a unit trust, real estate investment trust or business trust listed on the Main Market, its unit holder capital, in each case based on its latest annual audited or unaudited financial statements.Īn issuer listed on the Main Market or the ACE Market that triggers the ‘ insignificant business or operations’ criterion (“ 8.04A(2)(b)/8.03A(2)(b) Suspended Criterion”) between 1 July 2021 and 31 December 2021 will be given 12 months relief from the date that it triggers the 8.04A(2)(b)/8.03A(2)(b) Suspended Criterion from complying with the obligations under the MMLR/ACE LR that arise from the triggering of the 8.04A(2)(b)/ 8.03A(2)(b) Suspended Criterion.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |