tag:blogger.com,1999:blog-6833372664905554734.post6022599810282448363..comments2024-03-23T03:41:27.086+08:00Comments on Corporate Governance in Malaysia: China Stationery: too many red flags and what does "demised" mean?M.A. Windhttp://www.blogger.com/profile/16833927103193297126noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-6833372664905554734.post-67716245685841535872013-11-10T10:20:36.212+08:002013-11-10T10:20:36.212+08:00Hi Market Watcher, Fyi, i had written to both burs...Hi Market Watcher, Fyi, i had written to both bursa ( aduan@bursamalaysia.com ) and sc ( aduan@seccom.com.my ) last week. Ms Nisha Kamilla from Bursa is currently spearheading the investigation. LHChttps://www.blogger.com/profile/05120885697863443577noreply@blogger.comtag:blogger.com,1999:blog-6833372664905554734.post-45739236784960427922013-11-07T14:12:29.926+08:002013-11-07T14:12:29.926+08:00I think there's some privacy protection in act...I think there's some privacy protection in action preventing my posting of email address.<br /><br />But here I try again:<br /><br />tangengkean (at) bursamalaysia.com<br />Market Watcherhttps://www.blogger.com/profile/01336749422110908946noreply@blogger.comtag:blogger.com,1999:blog-6833372664905554734.post-12779838327544244592013-11-03T13:36:34.897+08:002013-11-03T13:36:34.897+08:00Good luck, I hope you keep us informed about progr...Good luck, I hope you keep us informed about progress. I think BM/SC should take some stern action.M.A. Windhttps://www.blogger.com/profile/16833927103193297126noreply@blogger.comtag:blogger.com,1999:blog-6833372664905554734.post-40128888210641316962013-11-03T09:26:08.425+08:002013-11-03T09:26:08.425+08:00Thanks Market Watcher...i will definately write to...Thanks Market Watcher...i will definately write to Mr Tang ( can't see the email address ) and will try to get like minded minority shareholders to write in to pressure our SC to do something.LHChttps://www.blogger.com/profile/05120885697863443577noreply@blogger.comtag:blogger.com,1999:blog-6833372664905554734.post-11372998660618172132013-10-31T15:16:48.592+08:002013-10-31T15:16:48.592+08:00Thanks Market Watcher, I will write a posting in t...Thanks Market Watcher, I will write a posting in the future about what minority investors can do, first have to do some more homework where all the appropriate legal stuff is hidden. Probably partly BM & SC (for listed companies), M&A, CCM (for all companies) etc. M.A. Windhttps://www.blogger.com/profile/16833927103193297126noreply@blogger.comtag:blogger.com,1999:blog-6833372664905554734.post-80168792805802444882013-10-31T15:10:04.629+08:002013-10-31T15:10:04.629+08:00Hi LHC,
I think the ability of minority sharehold...Hi LHC,<br /><br />I think the ability of minority shareholder to question a company directly is very limited. <br /><br />However the company's obligation of continuous disclosure under Part E, Chapter 9 of the listing requirement, the company have an obligation to provide clarification to any material rumours or report, a link to the rule is provided below.<br /><br />http://www.bursamalaysia.com/misc/system/assets/5949/regulation_rules_main_market_bm_mainchapter9.pdf<br /><br />However it is up to the regulator to enforce the listing requirement. The relevant person monitoring this company is Mr.Tang Eng Kean, his email address is .<br /><br />I've written to him to draw his attention to this puzzling report, but in his autoreply - he is away on leave till 8/11/2013. I hope there's better disclosure upon his return but I urge all concern minority shareholder write to him, perhaps with 100 email from minority shareholder - they will be compelled to do something.<br /><br />Rgds.Market Watcherhttps://www.blogger.com/profile/01336749422110908946noreply@blogger.comtag:blogger.com,1999:blog-6833372664905554734.post-50219977291696106312013-10-31T14:59:27.920+08:002013-10-31T14:59:27.920+08:00M.A.Wind...thanks very much. Your info is very hel...M.A.Wind...thanks very much. Your info is very helpful. I have follow your blog and i find it very professionally written. Tks again.LHChttps://www.blogger.com/profile/05120885697863443577noreply@blogger.comtag:blogger.com,1999:blog-6833372664905554734.post-46042376139682050562013-10-31T11:20:23.750+08:002013-10-31T11:20:23.750+08:00No, one can not ask for the bank statements.
One...No, one can not ask for the bank statements. <br /><br />One can complain to the authorities (BM, SC and SSM) and/or MSWG. Also, one can ask questions at AGMs and EGMs, bring the matter up, the BoD has the obligation to answer the questions in a proper way. One can also bring the matter up with the director in charge of communicating with investors.<br /><br />Problem is, without the documents, it is very hard to come up with the proof. <br /><br />SC though has investigating powers, so if you can convince them, they can do something, like a raid, confiscating all documents and digital files.It happens rarely, and often too late (when the fraud is clear and the company has collapsed). No idea how much SC can do in China based companies.M.A. Windhttps://www.blogger.com/profile/16833927103193297126noreply@blogger.comtag:blogger.com,1999:blog-6833372664905554734.post-73573786383039182352013-10-31T11:13:25.778+08:002013-10-31T11:13:25.778+08:00M,A.Wind...do you know if there is anything a mino...M,A.Wind...do you know if there is anything a minority shareholder can do like asking for copies of the bank statement to authenticate the bank/cash balance? Thank you. LHChttps://www.blogger.com/profile/05120885697863443577noreply@blogger.com