$JPG (5323.MY)$ ===> per Chatgpt findings ===>min criteria f...
$JPG (5323.MY)$ ===> per Chatgpt findings ===>min criteria for this company to IPO in Bursa===>To list an IPO on the Main Market of Bursa Malaysia, a company must meet specific criteria set by the Securities Commission Malaysia (SC) and Bursa Malaysia. Here are the key requirements:
### Financial Requirements:
1. **Profit Test**:
- The company must have an aggregate profit after tax of at least RM20 million for the past three to five full financial years.
- The company must have a profit after tax of at least RM6 million for the most recent full financial year.
2. **Market Capitalization Test**:
- If the company does not meet the profit test, it can alternatively have a market capitalization of at least RM500 million upon listing.
- The company must have been incorporated and have a revenue-generating business for at least three full financial years.
### Operational Requirements:
1. **Business Operations**:
- The company must demonstrate it has been carrying on the same core business over the past three to five financial years.
- There should be no significant change in its core business during the period.
2. **Continuity of Management**:
- The company should show continuous management over the past three full financial years.
### Public Spread and Shareholding:
1. **Public Shareholding Spread**:
- At least 25% of the company’s total number of shares must be held by a minimum of 1,000 public shareholders holding not less than 100 shares each.
### Other Requirements:
1. **Corporate Governance**:
- The company must comply with the corporate governance requirements of Bursa Malaysia.
2. **Approvals**:
- The company must obtain the necessary approvals from the Securities Commission Malaysia (SC) and Bursa Malaysia.
3. **Sponsor**:
- The company must appoint a sponsor, usually an investment bank, to assist with the IPO process.
These requirements ensure that companies listing on the Main Market of Bursa Malaysia have a proven track record of profitability, operational stability, and a broad shareholder base, which are crucial for investor confidence and market integrity.
For more detailed information, you can refer to Bursa Malaysia's official listing requirements and the Securities Commission Malaysia guidelines:
- [Bursa Malaysia Listing Requirements](https://www.bursamalaysia.com/listing/listing_resources)
- [Securities Commission Malaysia Guidelines](https://www.sc.com.my/regulation/guidelines)
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