Published: 2009/07/29
BURSA Malaysia said the new board structure encompassing the Main Market and ACE Market is on schedule for implementation on Aug 3. 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, meanwhile will be transformed into an alternative market for emerging companies of all sizes and sectors and will be called the ACE Market.
ACE stands for Access, Certainty and Efficiency. 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.
Bursa said in a statement today that following 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 and these changes will take effect on Aug 3, it said. - Bernama