A director of a company listed on Bursa Malaysia reports a dealing under two texts at once. Section 219 of the Companies Act 2016 requires a director to give the company written notice of interests in its shares, debentures, options and related contracts, and of any change in them, including any consideration received. The notice period is fourteen days, cut to five days when the shares are quoted on a stock exchange.

Chapter 14 of the Bursa Malaysia Main Market Listing Requirements runs faster. Outside a closed period, the director or principal officer must notify the company secretary within 3 market days after the dealing, and the company must announce it to the exchange immediately, stating the date, the consideration and the number of securities, both in absolute terms and as a percentage of the class. At each board meeting the company secretary tables a summary of the dealings notified since the previous one.

Who Chapter 14 covers, and the 30-day closed period

The listing rules apply to directors and principal officers of the listed issuer and of its major subsidiaries. A principal officer is a chief executive who is not a director, the chief financial officer, or any other employee with access to price sensitive information. Nobody in that group may deal while holding such information, whatever the date.

The closed period runs from 30 calendar days before the targeted date of a quarterly report until its announcement. Dealing inside it needs advance notice: the director writes to the company, the company announces the current holding and the intention to deal, and the trade can only take place after 1 full market day. The dealing itself must then be notified within 1 full market day and announced at once. On the announcements board these filings are titled as dealings during or outside closed period.

Substantial shareholders at 5%

Section 136 of the Companies Act 2016 defines a substantial shareholder as a person with an interest in at least 5% of the voting shares. For a company quoted on a stock exchange, section 137 gives that person three days after crossing the threshold to notify the company, and section 138 sets the same three days for each later change in the interest.

What a Malaysian record shows here

The Malaysia feed on this site is per-trade and is built from the section 219 Changes in Director's Interest announcements. Each change carries a date, a quantity, whether shares were acquired or disposed of, whether the interest is direct or indirect, and the consideration in ringgit, which is converted into euros for comparison across markets. Substantial shareholder notices are not part of this feed. The other Asian markets covered are listed on the markets page.