Page 218 - SC SCAR 2023 ENGLISH Flipbook

PART 6 MARKET STATISTICS
CORPORATE PROPOSALS EQUITY
In 2023, the SC approved 18 equity applications, of which 7 were for IPO1 on the Main Market of Bursa Malaysia with a total market capitalisation of RM9.04 billion. The estimated amount of funds raised from these IPOs is RM2.81 billion (Table 1). The remaining applications approved were 11 transfers of listing from the ACE Market to the Main Market.
There were a total of 32 new listings in 2023, of which 7 were on the Main Market, 24 were on the ACE Market and the remaining 1 was on the LEAP Market with a total market capitalisation of RM13.63 billion. The total amount of funds raised from these new listings was approximately RM3.58 billion.
TABLE 1
Equity applications approved by type of proposals
CORPORATE BONDS AND SUKUK
The Malaysian corporate bonds and sukuk market reported total issuances of RM118.33 billion in 2023, representing a 22.82% decrease from RM153.32 billion issued in 2022.
Ringgit-denominated corporate bonds and sukuk issues continued to form the majority of the proposals approved by/lodged with the SC with a total nominal value of RM171.48 billion, of which 57.30% or RM98.26 billion were sukuk (Table 2).
Type of proposals
2023
2022
No. of proposals approved
Estimated amount to be raised (RM million)
No. of proposals approved
Estimated amount to be raised (RM million)
IPO on Main Market:
– Domestic companies
7
2,808.29
6
3,075.57
Restructuring / Mergers and acquisitions
-
-
2
-
Transfer from ACE Market to Main Market
11
-
8
-
TOTAL
18
2,808.29
16
3,075.57
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SECURITIES COMMISSION MALAYSIA ANNUAL REPORT 2023
1
Includes approval of a business trust for listing on the Main Market of Bursa Malaysia.