Coraza IPO and the New Bursa Malaysia-Only ACE Market Approval System

Most people that applied for the recent IPO in January must have been concentrated on the ballot results of Coraza Integrated Technology Berhad IPO. IN spite of things there has been an update that relates to the change of Malaysia IPO since the beginning of the year. 

After a meeting with TheStar, The securities commission along with the ''Bursa'' securities  announced that the exchange will be based on a sole approving authority for the ACE market IPOs(Initial Public Offerings) which was taken into effect on January one, 2022.

There were a few SC handlings on all the ACE Markets and Main Market IPO approvals with each registrations drafted. But Bursa is now becoming a one stop junction for all ACE Market IPO approvals . 

You would  not be seeing any new prospectus draft of the ACE Market on the SC website again.

The new location for the prospectus draft is now Bursa Malaysia- Prospectus Exposure.

As at 17th of January 2022, there has been a sole prospectus draft of the ACE Market IPO that has now changed it name to Infoline Tech Group Berhad (''Infoline Tech'')

The new page has the name features with the SC prospectus exposure, meaning that there is no impact to people that want to view the prospectus exposure of the IPO, but for now it still responsible to the main market IPO.

Big Achievement to those who were very lucky to have Coraza Integrated Technology Berhad's share via the IPO balloting.

As the Price of Coraza Integrated Technology is just RM0.28, I would suggest that Coraza would be another well performing  IPO in Malaysians' shares market.