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Starting on 3 August 2009, there will  Four Major Changes at Bursa Malaysia:

1) The Main and Second Boards will be merged into a Single Unified Board and will be called the MAIN Market.

2) The MESDAQ Market will be transformed into an alternative market for emerging companies of all sizes and sectors and will be called the ACE Market.

3) Reduction of Tick Size to boost liquidity. (Tick size is the minimum price variation between the buy and sell price of a stock).

The table below shows the differences between the current and new tick sizes.

**Note: The bidding price for buying-in will remain at 10 ticks. The buying-in price will be based on the current tick sizes.

Refer here for New Minimum Bids Structure|Bursa Malaysia

4) Trading halt of stocks for the purpose of disseminating material announcements by listed companies will be shortened to one hour from the current one trading session.

(Trading halt is the temporary halt in trading upon the release of information that has material effect on share price).

Details are as follows:

Media Release by Bursa Malaysia:

MAIN AND ACE MARKETS TO COME ON-STREAM 3 AUGUST 2009 -29 Jul 2009

Bursa Malaysia today reminded that the new board structure, which is the Main Market and ACE Market, is on schedule to be implemented on 3 August 2009.

As part of a market-based approach, the streamlining of the boards structure entails a new regulatory framework for listing and equity fundraising which was announced by the Securities Commission (SC) and Bursa Malaysia on 8 May 2009. With this, Bursa Malaysia’s Listing Requirements has been revamped to cater for the new structure.

Under the new structure, Main and Second Boards will be merged into a single unified board for established companies and will be called the Main Market. The current MESDAQ Market, which is for technology-based and high growth companies, will also be transformed into an alternative market for emerging companies of all sizes and sectors and will be called the ACE Market.

The new board structure provides companies with a clearly defined platform to raise capital, which will enhance efficiency, access and certainty in the fund raising process as well as ensuring that investor protection remains intact.

Following from the change, the FTSE Bursa Malaysia Second Board index will retire while the FTSE Bursa Malaysia MESDAQ index will be renamed as the FTSE Bursa Malaysia ACE index. Eligible Second Board constituents will be absorbed into the Main Market indices. These changes will take effect on 3 August 2009.

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