The new shares market: regulatory intervention, forecast errors and challenges

A new issue is defined under Malaysian laws as the sale of unissued ordinary shares out of a previously closely held firm's authorised number of shares. Offers of existing issued shares are defined as sale of shares. Private placements, which are direct sale of unissued shares to designated inv...

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Main Author: Ramadilli Mohd, Shamsher Mohamad
Format: Inaugural Lecture
Language:English
Published: 2003
Online Access:http://psasir.upm.edu.my/id/eprint/1115/1/LG_173_S45_S981_no.630001.pdf
http://psasir.upm.edu.my/id/eprint/1115/
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spelling my.upm.eprints.11152017-11-16T02:31:23Z http://psasir.upm.edu.my/id/eprint/1115/ The new shares market: regulatory intervention, forecast errors and challenges Ramadilli Mohd, Shamsher Mohamad A new issue is defined under Malaysian laws as the sale of unissued ordinary shares out of a previously closely held firm's authorised number of shares. Offers of existing issued shares are defined as sale of shares. Private placements, which are direct sale of unissued shares to designated investors, are permitted in limited cases and account for 5 to 10percent of funds per year in the market. Therefore, the phrase 'new issues' has a restricted meaning in this country, and is consistent with the meaning of initial public offerings (or IPOs) of private companies and government-linked enterprises. 2003-04-26 Inaugural Lecture NonPeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/1115/1/LG_173_S45_S981_no.630001.pdf Ramadilli Mohd, Shamsher Mohamad (2003) The new shares market: regulatory intervention, forecast errors and challenges. [Inaugural Lecture]
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description A new issue is defined under Malaysian laws as the sale of unissued ordinary shares out of a previously closely held firm's authorised number of shares. Offers of existing issued shares are defined as sale of shares. Private placements, which are direct sale of unissued shares to designated investors, are permitted in limited cases and account for 5 to 10percent of funds per year in the market. Therefore, the phrase 'new issues' has a restricted meaning in this country, and is consistent with the meaning of initial public offerings (or IPOs) of private companies and government-linked enterprises.
format Inaugural Lecture
author Ramadilli Mohd, Shamsher Mohamad
spellingShingle Ramadilli Mohd, Shamsher Mohamad
The new shares market: regulatory intervention, forecast errors and challenges
author_facet Ramadilli Mohd, Shamsher Mohamad
author_sort Ramadilli Mohd, Shamsher Mohamad
title The new shares market: regulatory intervention, forecast errors and challenges
title_short The new shares market: regulatory intervention, forecast errors and challenges
title_full The new shares market: regulatory intervention, forecast errors and challenges
title_fullStr The new shares market: regulatory intervention, forecast errors and challenges
title_full_unstemmed The new shares market: regulatory intervention, forecast errors and challenges
title_sort new shares market: regulatory intervention, forecast errors and challenges
publishDate 2003
url http://psasir.upm.edu.my/id/eprint/1115/1/LG_173_S45_S981_no.630001.pdf
http://psasir.upm.edu.my/id/eprint/1115/
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