What is the definition of main board and second board?

Question

From Bursa Saham Malaysia Securities

Answer 1

Stocks can be traded on the main board or second board, but second boards usually have more lenient listing requirements, so if you can't meet the listing requirements of the main board, you may still be listed on the second board, which traditionally is made up of smaller companies with smaller market capitalisation and those family businesses newly gone public. As examples, differences in listing requirements can be :

1. Issued and paid-up capital
i. Main board – minimum RM60 million
ii. Second board – minimum RM40 million

2. Profit requirements
Uninterrupted profit record of 3 to 5 full financial years, with an aggregate after-tax profit of not less than RM30 million (Main Board) or RM12 million (Second Board) over the said 3 to 5 financial years and an after-tax profit of not less than RM8 million (Main Board) or RM4 million (Second Board) in respect of the most recent financial year.

3. Moratorium
Yes, on certain Main Board companies (i.e. those with core businesses in property development or construction, infrastructure project companies and companies applying for listing under the market capitalisation route) and for all Second Board listings.

You can click on the link for the Listing Requirements of Bursa Malaysia Securities Berhad (Main Board & Second Board)

Answer 2

main board is the bigger board to write something down
second board is a smaller board if there is no more space to write down if that makes sense. Cheers!

Answer 3

Mainboard Definition

Answer 4

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