Bursa Malaysia launches listing e-services for the marketplace

by **Cals** Tue 28 Apr 2015, 02:13

Bursa Malaysia launches listing e-services for the marketplace

KUALA LUMPUR (April 27): Malaysia’s stock exchange operator Bursa Malaysia Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) announced today that it has launched its new Listing Information Network System (Bursa LINK) and an online listing enquiry service named [email=AskListing@Bursa]AskListing@Bursa[/email] for the marketplace.
“Both are part of the exchange’s e-services which will serve as channels for the exchange to move all inquiries from listed issuers’ online, as well as digitise the disclosure and submission processes,” it said in a statement this evening.
“The services provide improved and digitised functionalities that are aimed at providing greater efficiency in processes and turnaround time between the exchange and listed issuers, external company secretaries, as well as investment banks,” it said.
Specifically, Bursa Malaysia (fundamental: 2.3; valuation: 1.3) said the enhanced Bursa LINK specifically comes with a new feature that allows electronic submission for applications such as initial public offerings (IPOs) and secondary fund raising activities.
“This automated process will help improve time to market, increase efficiency for all stakeholders, and ultimately promote a paperless operating environment,” it added.
According to Bursa Malaysia's chief executive officer Datuk Tajuddin Atan, the launch of [email=AskListing@Bursa]AskListing@Bursa[/email] will cater to the needs of stakeholders for a more effective approach to managing enquiries, especially pertaining to the interpretation and compliance with the Listing Requirements.
“Moving forward, all enquiries will now be channelled online to a dedicated team within the listing division,” he added.
The stock ended 0.9% lower at RM8.81 today, with 85,600 shares done, giving it a market capitalisation of RM4.7 billion.
(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations)