KLSE Main and Second boards will be unified on 3rd August 2009 which will known as Mesdaq. Mesdaq will be renamed as ACE Market.
The Main Market will be for established companies, and will have uniform listing requirements and comprehensive market-based regulation.
The ACE Market is designed to offer emerging companies early access to equity funding. ACE Market will become an alternative market open to companies of all sizes and from all economic sectors. There will no longer be any requirement on minimum issued and paid-up capital.
Hey, we cannot say 'second-liners' anymore, it will be just 'lower-liners' (referring to low priced counters).
Changes in entry requirements after board unification:
Read some opinion on this: Starbiz
