Prescribed events which require immediate announcement


Does a listed issuer need to inform Bursa Securities when a listed issuer wants to utilise the balance of its initial public offerings proceeds which have been allocated for a project as disclosed in the prospectus, for another project?

Pursuant to paragraph 9.19(32) of the Main LR, a listed issuer must announce to Bursa Securities any change to the utilisation of proceeds raised from issuance of securities (including arising from initial public offerings) that deviates by 5% or more from the original utilisation of proceeds.