Kuala Lumpur, 9 July 2022 – Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”)  has onboarded Malacca Securities Sdn Bhd (“Malacca Securities”) as the first Islamic  Participating Organisation (“Islamic PO”) to offer Shariah Discretionary Trading (“Shariah  DT”) service to its clients, effective 1 July 2022. 

Malacca Securities’ offering comes following the issuance of a Shariah Pronouncement on  Shariah DT by the Shariah Committee of Bursa Malaysia Islamic Services Sdn Bhd, which now permits Islamic POs to carry out Shariah DT for their clients based on Shariah principles.

Kuala Lumpur, 2 July 2022 – Following the announcement made in December 2021 on the conditional business sale & purchase agreement of its stockbroking business, Alliance Bank Malaysia Berhad (“Alliance Bank” or the “Bank”) announced that its subsidiary, Alliance Investment Bank Berhad (“AIBB”), has received the Vesting Order from the High Court of Malaya to transfer the business to Phillip Capital Sdn Bhd (formerly known as Phillip Futures Sdn Bhd) (“Phillip Capital”) with effect from 30 July 2022. 

Phillip Capital had recently announced its name change in line with this transfer to reflect the company’s business expansion to include Stocks and Exchange Traded Funds (“ETFs”) in its suite of product offerings beyond derivatives like Futures, Options and Contracts for Difference (“CFDs”). This is another step by Phillip Capital towards providing a more comprehensive investment platform to investors as they become more sophisticated over time, and markets of different asset classes evolve to be more interrelated.

Bursa Malaysia Securities Berhad ("Bursa Securities") would like to announce that with the  completion of Idimension Consolidated Berhad’s (“IDMENSN”) Regularisation Plan, IDMENSN  has regularised its financial condition and level of operations and no longer triggers any of  the criteria under Paragraph 2.1 of Guidance Note 3 ("GN3") of the ACE Market Listing  Requirements. Pursuant thereto, the upliftment of IDMENSN from being classified as a GN3  company will be effective from 9.00 a.m., Friday, 1 July 2022. 

As part of the Regularisation Plan, IDMENSN will be de-listed from the Official List of the  ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") and EVD Berhad (“EVD”)  will be admitted to the Official List of the ACE Market of Bursa Securities in place of  IDMENSN. Pursuant thereto, EVD’s entire issued and paid-up share capital after the  Securities Exchange comprising: