|
Labuan, Wednesday, 16 March 2005 – The Labuan International Financial Exchange (LFX) announced the appointment of Avenue Securities Sdn Bhd as its 8 th Listing Sponsor and Advisor on the Exchange. Avenue Securities Sdn Bhd, a participating organisation of Bursa Malaysia Securities Berhad has been given the approval to carry out the relevant functions and responsibilities of a Listing Sponsor of LFX.
A Listing Sponsor of LFX is primarily responsible to provide advice, structure and arrange for the listing of both conventional and Islamic financial instruments on the LFX and; for any subsequent post-listing obligations arising from the listings of the instruments. The roles and responsibilities of a Listing Sponsor amongst others also include preparation of financial instruments for listing subject to the terms and rules of LFX’s listings, underwriting and placements of the financial instruments listed, undertaking the tasks of an issuing house and post-listing responsibilities and obligations.
Yusli Mohamed Yusoff, Chairman of LFX Board and CEO of Bursa Malaysia Berhad said, “This will be the first stockbroking company with Universal Broker (UB) status to be appointed as an LFX listing sponsor. Bursa Malaysia Berhad, the parent company of LFX, welcomes the appointment as it marks the entry of Malaysian stockbrokers into the offshore exchange and international offshore financial business sector.”
With the appointment of Avenue Securities Sdn Bhd as a Listing Sponsor, the Management of LFX would be able to attract and secure new listings of both conventional and Islamic structured deals and draw both national corporations and international issuers to list on LFX.
Avenue Securities Sdn Bhd was established in 1930 under the name of Charles Bradburne & Co. (1930) Limited, and has more than 70 years of history in the stockbroking business. Avenue Securities Sdn Bhd is categorised as a full-service stockbroking company and is able to provide a full range of capital market services which includes equity, derivatives and fixed-income securities trading; asset and unit trusts management services; and corporate finance and advisory services.
About Labuan International Financial Exchange (LFX):
LFX is an international offshore financial exchange based in Labuan, the international offshore financial centre of Malaysia. LFX is web-based at www.lfx.com.my and utilise international networking and electronic communication systems to facilitate exchange listing and trading facilities. LFX facilitates the listing of both conventional and Islamic multi-currency financial instruments and allows the issuer the flexibility to structure instruments for listing that best suit their funding needs. LFX is a company limited by shares and is wholly-owned by Bursa Malaysia Berhad. |
