ACE to MAIN Market Transfer Readiness Workshop
Moving from Bursa's ACE Market to the MAIN Market got harder on 3 June 2026. Under the revised SC Equity Guidelines a company must have been listed on ACE for at least two full financial years before it can transfer, and it must meet the full MAIN Market profit or market capitalisation test, including the new profit thresholds of RM30 million over three full financial years and RM15 million in the latest year. It needs clean audited accounts with no modified opinion or going-concern uncertainty, no accumulated losses where it relies on the profit test, sufficient working capital for at least twelve months from the transfer, and substantially the same management for the most recent three full financial years. The SC's look-back on unusual market activity now covers three years.
This one-day workshop is for the boards, CFOs, company secretaries and advisers of ACE companies that want to be on MAIN within the next few years. Rather than surveying the rules, it tests your own company against each condition, identifies the disqualifiers early, and builds a twenty-four month plan with owners and evidence. The wider changes in the revision are covered in SC Equity Guidelines 2026 Revision.
HRD Corp SBL-Khas Claimable
Programme Agenda
9:00 AM - 9:15 AM
Welcome and Programme Overview
Introduction to the session, objectives, and housekeeping.
9:15 AM - 10:15 AM
The Transfer Pathway Under the 2026 Rules
What changed for transfers on 3 June 2026, the sponsor-driven role of the ACE Market, and the sequence and timing of a transfer application.
10:15 AM - 10:30 AM
Break
10:30 AM - 11:30 AM
Eligibility Tests One by One
Two full financial years on ACE, the profit or market capitalisation test, clean audit opinions and going concern, no accumulated losses, twelve months of working capital, and continuity of substantially the same management over three financial years.
11:30 AM - 12:30 PM
Disqualifiers and Red Flags
The issues that quietly rule a company out: a qualified opinion two years ago, a change of CEO or CFO, a loss-making subsidiary, related-party trading, unusual share price activity inside the three-year look-back, and the risk of the SC appointing an independent expert at your cost.
12:30 PM - 1:30 PM
Lunch
1:30 PM - 2:20 PM
Building the Evidence
Board papers, audit committee oversight, management accounts, forecasts and the working capital statement, and the documents advisers will need, prepared well before the application window.
2:20 PM - 3:15 PM
Workshop Part One: Self-Assessment
Participants test their own company against every condition and rate each as met, at risk or not met.
3:15 PM - 3:30 PM
Break
3:30 PM - 4:45 PM
Workshop Part Two: The 24-Month Plan
Turning the self-assessment into a dated plan with owners, adviser involvement and board milestones, and a one-page summary for the board.
4:45 PM - 5:00 PM
Wrap-Up and Q&A
Key takeaways, next steps, and close.
Key Outcomes
- Explain the ACE to MAIN transfer conditions under the revised Equity Guidelines
- Test your company against every eligibility condition
- Identify disqualifiers and red flags early enough to fix them
- Prepare the evidence a transfer application will need
- Build a 24-month transfer readiness plan with owners and milestones
- Brief the board on the realistic transfer timetable
Training Mode Physical / Online / Hybrid / e-learning
HRD Corp SBL-Khas Claimable
Level Foundation. For directors, CFOs, company secretaries, investor relations and advisers of ACE Market companies.
Duration 1 Day (8 Hours) | 9:00 AM to 5:00 PM
Venue In-house at the client's premises, or delivered via the client's preferred platform (Microsoft Teams, Zoom, or equivalent)
Assessment A completed self-assessment and 24-month readiness plan for the participant's company
Certificate Certificate of Completion issued to all participants upon full attendance