---
title: "Chapter 1 Definitions and Int… | Insights — Lyoen & Partners"
url: https://lyoenandpartners.com/insights/chapter-1-definitions-and-interpretation-main-market-listing-requirements-as-at-1-march-2025
description: "Read in full at 16 pages. A major shareholder holds 10 per cent or more of voting shares, or 5 per cent or more where that person is the largest sharehold…"
lang: en-US
---

Skip to content

Skip to main content

← Insights: https://lyoenandpartners.com/insights

Saturday, March 1, 2025rulebook

# Chapter 1 Definitions and Interpretation, Main Market Listing Requirements (as at 1 March 2025)

Read in full at 16 pages. A major shareholder holds 10 per cent or more of voting shares, or 5 per cent or more where that person is the largest shareholder, which catches a founder family that has diluted but still leads the register; a connected person includes anyone accustomed or obliged, formally or informally, to act on the said person's directions and anyone on whose directions the said person is accustomed to act, so informal influence is caught in both directions. The independent director definition ends the status by construction where a person "has not served as an independent director in any one or more of the said Corporations for a cumulative period of more than 12 years", and Chapter 10 paragraph 10.02 extends director and major shareholder status to anyone holding either role within the preceding six months of the transaction terms being agreed. Bursa PDF links carry a cache-busting query string.

Sources

Bursa Malaysia Securities Berhad (https://www.bursamalaysia.com/sites/5bb54be15f36ca0af339077a/content_entry5ce3b50239fba2627b2864be/5ce3b58c39fba2646fab55b3/files/MAIN_Chap1_RTO__1March2025_.pdf?1766137197)

Region: Southeast Asia: https://lyoenandpartners.com/insights/region/sea

## Structured data

```json
[
  {
    "@context": "https://schema.org",
    "@type": "WebSite",
    "name": "Lyoen & Partners",
    "url": "https://lyoenandpartners.com"
  },
  {
    "@context": "https://schema.org",
    "@type": "Organization",
    "name": "Lyoen and Partners Limited",
    "alternateName": "L&P",
    "url": "https://lyoenandpartners.com",
    "logo": "https://lyoenandpartners.com/apple-touch-icon.png",
    "description": "Fractional governance consulting and Board Operating System for mid-market CEOs and scale-up founders in Southeast Asia.",
    "foundingDate": "2024",
    "founder": {
      "@type": "Person",
      "name": "Sylvain Lyoen"
    },
    "address": {
      "@type": "PostalAddress",
      "addressLocality": "Wan Chai",
      "addressRegion": "Hong Kong"
    },
    "sameAs": [
      "https://www.linkedin.com/in/slyoen",
      "https://www.linkedin.com/company/lyoen-and-partners",
      "https://x.com/slyoen"
    ]
  },
  {
    "@context": "https://schema.org",
    "@type": "Article",
    "headline": "Chapter 1 Definitions and Interpretation, Main Market Listing Requirements (as at 1 March 2025)",
    "description": "Read in full at 16 pages. A major shareholder holds 10 per cent or more of voting shares, or 5 per cent or more where that person is the largest shareholder, which catches a founder family that has diluted but still leads the register; a connected person includes anyone accustomed or obliged, formally or informally, to act on the said person's directions and anyone on whose directions the said person is accustomed to act, so informal influence is caught in both directions. The independent director definition ends the status by construction where a person \"has not served as an independent director in any one or more of the said Corporations for a cumulative period of more than 12 years\", and Chapter 10 paragraph 10.02 extends director and major shareholder status to anyone holding either role within the preceding six months of the transaction terms being agreed. Bursa PDF links carry a cache-busting query string.",
    "datePublished": "2025-03-01",
    "url": "https://lyoenandpartners.com/insights/chapter-1-definitions-and-interpretation-main-market-listing-requirements-as-at-1-march-2025",
    "author": {
      "@type": "Organization",
      "name": "Lyoen & Partners Limited"
    },
    "publisher": {
      "@type": "Organization",
      "name": "Lyoen & Partners Limited",
      "url": "https://lyoenandpartners.com"
    }
  },
  {
    "@context": "https://schema.org",
    "@type": "BreadcrumbList",
    "itemListElement": [
      {
        "@type": "ListItem",
        "position": 1,
        "name": "Home",
        "item": "https://lyoenandpartners.com/"
      },
      {
        "@type": "ListItem",
        "position": 2,
        "name": "Insights",
        "item": "https://lyoenandpartners.com/insights"
      },
      {
        "@type": "ListItem",
        "position": 3,
        "name": "Chapter 1 Definitions and Interpretation, Main Market Listing Requirements (as at 1 March 2025)",
        "item": "https://lyoenandpartners.com/insights/chapter-1-definitions-and-interpretation-main-market-listing-requirements-as-at-1-march-2025"
      }
    ]
  }
]
```