Statistics of Submissions Approved by CODT in Q4 2017

CAPITAL MARKET STATISTICS

CODT Scorecard Q4 217 & Statistics of Submissions Approved by CODT in Q4 217

 

A. Corporate Submissions to the CODT - Q4 217

Table 1: Status of Substantive Applications as at 31 December 217

 

Total

Balance brought forward from Q3 217

25

Add: Applications received during Q4 2017

41

Total applications

66

Less: Applications Considered during Q4 2017

47

Less: Applications Withdrawn/Returned during Q4 2017

2

Balance carried forward to Q1 2009

17

1. Substantive Applications exclude other applications such as extension of time, waiver from guidelines, appeal against CODT's decision, etc

 

Table 2: Substantive Applications Considered/Withdrawn/Returned in Q4 2017

Type of proposals

Approved

Rejected

Deferred

Withdrawn/
Returned

Total

Initial public offerings

  • Main Board
  • Second Board

 

1
-

 

-
-

 

-
-

 

1
-

 

2
-

Mergers & Acquisitions

3

-

-

1

4

Restructurings

2

1

-

-

3

Equity capital-raising

10

-

-

-

10

Private debt securities

20

-

-

-

20

Others*

9

-

-

-

9

TOTAL

46

1

-

2

49

* Includes transfer to Main Board, proposals by unlisted public company, etc.

 

Table 3: Processing Turnaround Time for Substantive Applications Considered in Q4 2017

Substantive Applications

Within Time Charter1

Exceeds Time Charter

Total

No.

%

No.

%

No.

%

47

100

-

-

47

100

1. CODT time charter is 60 working days for applications involving initial public offerings (IPOs) and acquisitions/disposals of assets resulting in a significant change in the business direction/policy of a listed company. The 21 working days are for applications involving large capitalisation IPOs and equity raising proposals. The 28 and 14 working days each are for Asset-Backed and private debt securities respectively. For stand-alone rights proposal and private placements up to 10% of the paid-up share capital, the time charter is 5 working days and 1 working day respectively. The processing times are computed from the date of receipt of complete application to date of decision letter.

 

Table 4: Processing Turnaround Time for Licensing Applications in Q4 2017

Type of licence application

Within
time charter

Exceeds
time charter

Total

%

Total

%

Representative

 

 

 

 

New

273

91.30

26

8.7

Renewal

800

100

0

0

Corporation

 

 

 

 

New

5

100

0

0

Renewal

31

100

0

0

Individual

New

0

0

0

0

Renewal

0

0

0

0

Total

1,109 (97.70%)

26 (2.3%)

B. Statistics of Applications Approved by the CODT - Q4 2017

i) Corporate Proposals

Table 6: Number of Corporate Proposals Approved

Type of Proposals

No. of Corporate Proposals Approved

Q4 2017

Q3 2017

Q4 2007

Initial public offerings

2

11

3

Mergers & Acquisitions

3

8

5

Restructurings

2

1

-

Equity capital-raising

10

9

30

Private debt securities

20

23

29

Others

9

13

19

TOTAL

46

65

86

ii) Private Debt Securities

Table 7: Approved Foreign Currency-denominated PDS Issues by Foreign Corporations

Type

Q4 2017

Q3 2017

Q1-Q4 2017

Q1-Q4 2007

No. of offers

Size of offers

No. of offers

Size of offers

No. of offers

Size of offers

No. of offers

Size of offers

Conventional

-

-

-

-

-

-

1

1,000.00

Bond

11

-

-

-

22

5,000.00

103

8,637.00

Combination4

-

-

-

-

-

-

2

3,000.00

Total

1

-

-

-

2

5,000.00

13

12,637.00

1 Offer size has yet to be finalised at the point of approval.
2 Include one, which has yet to finalise the offer size at the point of approval.
3 Include adjustments to reflect updated figures.
4 Combination of conventional and Bond.