Bursa Malaysia, the Malaysian stock exchange, operates three main boards:

Main Board: This is the premier board for established companies with a proven track record of profitability and financial stability. Companies listed on the Main Board are typically larger and more mature, often representing the backbone of the Malaysian economy. They are subject to stringent listing requirements, including minimum public float, market capitalization, and financial performance standards.

Second Board: Designed for smaller, more dynamic companies with growth potential, the Second Board offers a more flexible listing framework compared to the Main Board. Companies listed on the Second Board are generally expected to have a strong business plan and demonstrate potential for future growth.

ACE Market: This board caters specifically to small and medium-sized enterprises (SMEs) in Malaysia. It provides a platform for these companies to raise capital and expand their operations. The ACE Market has relaxed listing requirements to encourage SMEs to access the capital markets.

Each board has its own unique characteristics and requirements, allowing companies of different sizes and stages of development to find a suitable listing platform. This structure helps to foster a vibrant and diverse capital market in Malaysia.