MSWG Weekly Newsletter 27 September 2024 (English)
No, You Can’t Have It All
Two recent corporate developments highlighted the critical roles of company directors and how their personal dealings may pose conflict of interest concern.
No, You Can’t Have It All
Two recent corporate developments highlighted the critical roles of company directors and how their personal dealings may pose conflict of interest concern.
What’s brewing in Globetronics?
A series of events has driven Globetronics’ share prices to the lowest point in over a decade. However, minority shareholders are kept in the dark about the developments within the Company.
Can’t help or blatant disregard of Listing Requirements?
Despite the 12-year tenure limit for independent directors introduced by Bursa Malaysia last year, some long serving independent directors stay on. Suffice it to say, it is bewildering to see some PLCs simply shrug off these new requirements and carry on their businesses as usual.
GCE’s voluntary withdrawal - A done deal for minority shareholders?
Shareholders of Grand Central Enterprises Bhd (GCE) will congregate on 13 September 2024 to decide the fate of the Proposed Withdrawal of GCE’s listing from the Bursa Malaysia. If successful, this deal would be another “not fair but reasonable” privatisation offer, echoing similar sentiments from previous privatisation exercises.