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


Ramadilli Mohd, Shamsher Mohamad (2003) The new shares market: regulatory intervention, forecast errors and challenges. [Inaugural Lecture]


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.

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Additional Metadata

Item Type: Inaugural Lecture
Call Number: LG173 S45S981 no.63
Divisions: Faculty of Economics and Management
Keywords: Market share; Firms; Shares
Depositing User: Yusfauhannum Mohd Yunus
Date Deposited: 09 Jun 2009 08:29
Last Modified: 16 Nov 2017 02:31
URI: http://psasir.upm.edu.my/id/eprint/1115
Statistic Details: View Download Statistic

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