Getting Listed

An entity whose securities are quoted on the financial market by APX is referred to as a listee. An entity that wishes to become a listee must satisfy certain requirements in the Listee’s Listing Standards, which are a set of rules governing admission to listing, the continuous obligations of listees, the enforcement of those obligations and suspension and cancellation of listing.

APX encourages discussion of the application process in the early stages, as this will enable better understanding of all of the requirements to successfully become a listee, the application process and all ongoing requirements.

Once listed, a listee must comply with all ongoing requirements under the Listee’s Listing Standards as interpreted and in accordance with their spirit, intention and purpose.

Listing rules are the set of conditions imposed by a stock exchange upon companies that want to be listed on that exchange. Such condition facilitates integrity, good corporate governance and transparency of the market.

Listing is the process of taking a privately-owned organisation and making the transition to a publicly-owned entity whose shares can be traded on a stock exchange.

The ability to have its shares traded on a stock exchange is central to an organisation’s decision to list. The fundamental role of a stock exchange is to bring together in one market place providers of capital and organisations that require capital. APX undertakes this role, acts as a hub at the centre of the Asian Pacific economy. Providers of capital earn a return on their investments through dividends and capital growth, while the organisation in which they invest provides jobs and drives economic development.

There are many reasons why an organisation may benefit from being listed, including:

• The possibility of an increase in the market capitalisation of the company
• Access to a larger capital market
• Exposure to retail and institutional investors, both domestic and international
• The ability to create an additional “currency” through the use of the listed security which has a transparent value (eg consideration for takeovers and reward to senior staff etc).