Bursa Malaysia: Bursa Malaysia Securities Bhd has issued a consultation paper seeking public feedback on the proposed amendments to the Main Market, ACE Market, and LEAP Market Listing Requirements (LR), including updates to the corporate rescue mechanism framework and exempted related party transactions.

According to BERNAMA News Agency, the exchange stated that following the Companies (Amendment) Act 2024, two additional forms of corporate rescue mechanisms – judicial management (JM) and corporate voluntary arrangement (CVA) – have been extended to listed issuers.

The exchange proposes to require all listed issuers to immediately announce to the market all material information on the JM application and CVA proposal. This measure aims to keep investors informed of any pertinent event affecting the listed issuer and to enhance transparency. Additionally, the exchange suggests exempting transactions involving a joint venture partner to a major shareholder, arising from a minor joint venture, from being considered as a related party transaction.

The proposed exemption includes prescribed conditions and safeguards to ensure investor protection is maintained while improving business efficacy. The exchange emphasized that these enhancements are part of its ongoing commitment to ensure that the LR remains suitable, aligned with developments in the corporate and capital market landscape, through a balanced regulatory framework.

Further details on the consultation paper and the proposed amendments to the LR are available at the Bursa Malaysia website. Bursa Malaysia invites the public to provide feedback on the proposed amendments. Interested parties are encouraged to submit their comments to Bursa Malaysia using the Table of Comments available in the provided link by July 10, 2025.