English

MiTech’s Journey to Achieve at Least 30% Women on Board

Not many PLCs speak at length about their gender diversity. An exception is Mi Technovation (MiTech).

During its recent AGM, we received detailed responses from the Company to our questions on its gender diversity at the board level.

While the current women's representation at the MiTech’s board stands at 25%, it is committed to pursuing the 30% target. A few initiatives were introduced to achieve the target of at least 30% women on board.

Property Market Boom: Caution Amid JS-SEZ and Data Centre Frenzy

The remarkable ascent in the property index and share prices of property counters are attributed to the announcement of the Johor-Singapore Special Economic Zone (JS-SEZ) and, subsequently, burgeoning interest from tech and data centre players in Johor.

Amid this optimism, investors must balance their enthusiasm with prudence. One must exercise caution in this current bullish property stock sentiment.

Ajiya’s RM250 million loans to Chin Hin – A strategic investment or risky bet?

In the realm of financial intrigue, the unfolding saga involving Ajiya Berhad (Ajiya) and Chin Hin Group Berhad (CHGB) presents a fascinating case where liquidity, expansion, and potential conflicts of interest intertwine.

Ajiya’s recently announced RM250 million loan to CHGB is dubbed as a strategic investment, carrying a 7.5% interest rate per annum. This rate is higher than some of CHGB’s current borrowing costs, which range from 3.48% to 8.07%. This raises questions about the attractiveness of the returns to Ajiya, given CHGB’s risk profile.

MSWG Weekly  Newsletter 7 June 2024 (English)

Recently, we have seen a number of PLCs targeted for M&A as controlling shareholders seek to reposition their businesses in an evolving market.

MSWG suggests minority shareholders conduct thorough analyses before reacting to takeover offers. They should do comprehensive analyses by looking into the details of the proposals from both the offer documents/Circular as well as that of the independent advice circular/letter.

31.05.2024

Risk diversification - Don’t put all eggs in one basket

From Guan Chong to InNature, their challenges have adequately illustrated the criticality of sound and robust risk management.

Risks are constantly evolving. They may stem from multiple sources, including financial uncertainties, legal liabilities, technology issues, strategic management errors, accidents and natural disasters.

It has become imperative for PLCs to be cognisant of wide-ranging disruptive factors, from the sourcing of raw materials to the manufacturing and selling of the finished products.