English

09.02.2018

VOICE OF MSWG

The local capital markets received a boost this week when a slew of new measures to stimulate market vibrancy were announced.

These included liberalising margin financing rules, allowing intraday short selling to ALL investors and introducing a new category of traders who trade on their account, known as 'Trading Specialists', the idea being of course to boost market participation.

There were also other measures, including the introduction of a volume-based incentive programme and giving new investors a fee waiver on trading and clearing fees for six months, both also designed to encourage more participation.

The PM also announced the establishment of the Malaysia-Singapore Connect, enabling stock market investors on either side of the divide to trade in the other’s capital markets seamlessly.

02.02.2018

MSWG’S QUICK TAKE ON-ONGOING CORPORATE DEVELOPMENTS

Chin Teck Plantations Berhad (“CTPB”)

CTPB held its 59th Annual General Meeting (AGM) on 30 January 2018. MSWG’s representatives attended the meeting. The meeting was opened by the Chief Financial Officer (CFO) cum Company Secretary.

MSWG’S COMMENTS:

MSWG’S QUICK TAKE ON-ONGOING CORPORATE DEVELOPMENTS

Since 1 December 2016, CTPB’s Company Secretary was also the CFO. The role of a company secretary is an important role – so important, that the requirement to have a company secretary is mandated by the Companies Act 2016. The role of a CFO is also an important role – as chief financial officer of the Company, the CFO is deemed as a director for certain provisions of the Companies Act 2016. Also, changes to the CFO are disclosure items for public dissemination under Bursa Malaysia’s Listing Requirements. Combining both these roles in a single person dilutes the relative importance of these distinctly different and challenging roles.