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MSWG Weekly Newsletter 12 November 2017 (English)

PLEASE MARK YOUR CALENDAR

MSWG-ASEAN CORPORATE GOVERNANCE RECOGNITION 2017

AT THE MAJESTIC HOTEL, KUALA LUMPUR

ON WEDNESDAY, 6 DECEMBER 2017

Are you ready for our event of the year! It will be our greatest pleasure to showcase the findings and results of the governance level of the public listed companies at our annual CG Event followed by an award presentation ceremony to recognise companies that have demonstrated exemplary high standards of corporate governance practices.  Yang Berhormat, Datuk Seri Johari Abdul Ghani, Finance Minister II has agreed to grace the event and deliver the Keynote Address as well as present the awards to the winners.

Join us to celebrate with the winners of excellence corporate governance. It is a once-a-year opportunity for you to gain insights into their best corporate governance practices.

Three (3) more weeks to go! We look forward to your participation and support at the event.

MSWG Newsletter 04 November 2017 (English)

04 November 2017

MSWG’S QUICK TAKE ON-ONGOING CORPORATE DEVELOPMENTS

EKOVEST BERHAD (“EKOVEST”) / ISKANDAR WATERFRONT CITY BERHAD (“IWC”)

Ekovest had on 27 October 2017 received a proposal letter from Tan Sri Dato’ Lim Kang Hoo (“TSDLKH”), the major shareholder of the company in relation to a reorganisation exercise involving inter alia the acquisition by the company of all the ordinary shares in Iskandar Waterfront City Berhad (“IWC Shares”) held by the existing shareholders of IWC, excluding IWC Shares held by Iskandar Waterfront Holdings Sdn Bhd (who was proposed by TSDLKH not to accept the offer by the company for the acquisition of its shares in IWC), representing approximately 62% of the issued and paid-up share capital of IWC.

[Source: Ekovest’s announcement on Bursa Malaysia’s website on 31 October 2017]

MSWG’S COMMENTS:

The proposed takeover of IWC by Ekovest is an exercise of consolidation and rationalisation under Ekovest Bhd as an anchor company for Tan Sri Lim Kang Hoo. The earlier proposed merger exercise between IWC and Iskandar Waterfront Holdings Sdn. Bhd. (“IWH”) could no longer be viable in sense that both IWC and IWH need cash to ensure the proposed merger happen.

MSWG Weekly Newsletters 30 October 2017

30 October 2017

PLEASE MARK YOUR CALENDAR

MSWG-ASEAN CORPORATE GOVERNANCE RECOGNITION 2017
TO BE HELD AT THE MAJESTIC HOTEL, KUALA LUMPUR
ON WEDNESDAY, 6 DECEMBER 2017

The findings and results of the governance level of Malaysian public listed companies will be announced followed by an award presentation ceremony to recognise the companies that have demonstrated high level of corporate governance practices.

We look forward to your participation and support at the event.