KUALA LUMPUR: The Securities Commission (SC) received a total of 35 substantive applications in the first quarter of this year compared to 27 in the final quarter of 2010.
Four out of the 35 applications were for initial public offerings (IPOs) with a total potential market capitalisation of approximately RM3.72 billion.
In a statement Thursday, April 21, the SC said it approved an IPO application from a China-based company during the quarter with a potential market capitalisation of about RM1.1 billion.
Higher interest was seen in the bond market where 17 debt securities proposals were approved in this quarter, more than double the eight approvals in the same period last year, it said.
'Compared with 1Q last year, the Ringgit-denominated Sukuk market this quarter saw significant interest with the SC approving five sukuk issuances amounting to RM7.77 billion.
'This is a stark contrast to the two approved during the same period last year, which amounted to only RM590 million,' it said.
The SC said it maintained its high performance standards with 96% of corporate proposals and 99.84% of licensing applications processed within the time charters.
The regulator said a total of 1,390 licence applications were received in 1Q2011.
'The encouraging number of new entrants (206)''into the market at the start of the year sets the stage for vibrant growth of the market, both in terms of quantity and quality of the players.
'Capital market statistics released by the SC cover information on processing, approvals and rejections of submissions, including timing and reasons,' it said.
In addition to these scorecard indicators, the quarterly statistics of submissions approved by the SC for the first and the fourth quarters of 2010 were also reported, it said.
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Four out of the 35 applications were for initial public offerings (IPOs) with a total potential market capitalisation of approximately RM3.72 billion.
In a statement Thursday, April 21, the SC said it approved an IPO application from a China-based company during the quarter with a potential market capitalisation of about RM1.1 billion.
Higher interest was seen in the bond market where 17 debt securities proposals were approved in this quarter, more than double the eight approvals in the same period last year, it said.
'Compared with 1Q last year, the Ringgit-denominated Sukuk market this quarter saw significant interest with the SC approving five sukuk issuances amounting to RM7.77 billion.
'This is a stark contrast to the two approved during the same period last year, which amounted to only RM590 million,' it said.
The SC said it maintained its high performance standards with 96% of corporate proposals and 99.84% of licensing applications processed within the time charters.
The regulator said a total of 1,390 licence applications were received in 1Q2011.
'The encouraging number of new entrants (206)''into the market at the start of the year sets the stage for vibrant growth of the market, both in terms of quantity and quality of the players.
'Capital market statistics released by the SC cover information on processing, approvals and rejections of submissions, including timing and reasons,' it said.
In addition to these scorecard indicators, the quarterly statistics of submissions approved by the SC for the first and the fourth quarters of 2010 were also reported, it said.
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