• 1. What type of information must a listed company/issuer disclose?
    • Timely Disclosure:
      • information that may have impacts on price or trading of issuer's securities, and when those information occurred, they shall be disclosed immediately.
    • Periodic Report:
      • reports that are prepared for a specific reporting period, including monthly, quarterly, semi-annual and annual report.
    • Special Disclosure:
      • information such as stock buy-back and cancellation, tender offer, merger and acquisition, and takeover.
    • Requested Disclosure:
      • any information which the SECC requires issuer to disclose.
  • 2. When shall a listed company/issuer disclose information?
    • Timely Disclosure:
      • Issuer shall submit information to the SECC immediately if any event, as mentioned in article 5 in Prakas on Corporate Disclosure, occurred one hour before or during trading hours.
      • In case any events occurred not during trading hours but in working hours, information shall be submitted in working hours of the day that such events occurred.
      • In case of any other events, information shall be submitted at least 1 (one) hour before trading hour of the next business day.
    • Periodic Report:
      Issuer shall submit report to SECC as below:
        • Annual report within 90 (ninety) days after the end of financial years.
        • Semi-annual report within 45 (forty-five) days after the end of semi-annual.
        • Quarterly report within 45 (forty-five) days after end of quarter.
    • Special Disclosure:
      Before the events:
      • Stock buy-back & Cancellation and Tender Offer: issuer shall submit information to the SECC within 3 (three) working days after the resolution of the board of directors or after making the decision.
      • Takeover and Merger & Acquisition: issuer shall submit information and attached documents to the SECC immediately after the resolution of the board of directors.

        • After the events:
      • Issuer shall submit the report on result of stock buy-back and cancellation, merger and acquisition, and takeover to the SECC within 3 (three) working days after its completion.
      • In case of failure to complete, the issuer shall submit information to the SECC immediately.
    • Requested Disclosure:
      • Issuer shall submit the information immediately upon request by the Director General of the SECC.
  • 3. How shall a listed company/issuer disclose information?
    Issuer shall follow the steps below:
    • Appoint at least one disclosure officer.
    • Classify the type of information as "For Public Release" or "NOT For Public Release".
    • The disclosure information shall be reviewed by the Director General of SECC before sending to permitted securities market to distribute to investors and public immediately.
    • Issuer may disclose information to the permitted securities market and public through their website and/or other newspapers after obtaining approval from the Director General of SECC.
  • 4. Diagram of Information Disclosure