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26.10.2018 

PLEASE MARK YOUR CALENDER

2^nd ASEAN CORPORATE GOVERNANCE AWARDS CEREMONY TO BE HELD AT

KUALA LUMPUR CONVENTION CENTRE ON WEDNESDAY, 21 NOVEMBER 2018

We are pleased to announce that we will be organising the 2^nd ASEAN Corporate Governance Awards Ceremony with the support of the Malaysian Securities Commission. It will be our greatest pleasure to showcase the findings and results of the Top 50 ASEAN public listed companies (“PLCs”) and outstanding PLCs from each participating ASEAN country in terms of corporate governance practices based on assessment using the ASEAN Corporate Governance Scorecard in 2018.

Malaysia is the host for this bi-annual event. Please join us in celebrating, with the ASEAN winners, excellence in corporate governance.

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

Please contact Miss Emily Lim at 603-2070 9090 if you are interested in joining us in celebrating this bi-annual event or for further enquiries.

19.10.2018

PLEASE MARK YOUR CALENDER

2^nd ASEAN CORPORATE GOVERNANCE AWARDS CEREMONY TO BE HELD AT

KUALA LUMPUR CONVENTION CENTRE ON WEDNESDAY, 21 NOVEMBER 2018

We are pleased to announce that we will be organising the 2^nd ASEAN Corporate Governance Awards Ceremony with the support of the Malaysian Securities Commission. It will be our greatest pleasure to showcase the findings and results of the Top 50 ASEAN public listed companies (“PLCs”) and outstanding PLCs from each participating ASEAN country in terms of corporate governance practices based on assessment using the ASEAN Corporate Governance Scorecard in 2018.

Malaysia is the host for this bi-annual event. Please join us in celebrating, with the ASEAN winners, excellence in corporate governance.

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

Please contact Miss Emily Lim at 603-2070 9090 if you are interested in joining us in celebrating this bi-annual event or for further enquiries.

12.10.2018

MESSAGE FROM THE CEO

Increasing Free Float Through Government Divestments

The government has indicated that it will consider downsizing its stakes in GLCs which are held by Government-Related Institutions such as Khazanah Nasional Bhd, Employees Provident Fund, Lembaga Tabung Angkatan Tentera, Kumpulan  Wang  Persaraan  (Diperbadankan) and Permodalan Nasional Bhd, (currently held via GLICs and Khazanah). The collateral benefit is increased free float…more shares floating in the market which allows investors to buy these GLC shares without causing share price spikes. The foreign institutional investors love increased free float too…very much. Foreign institutional investors buy in bulk and if there is not enough free float such bulk buying often sends share prices spiraling because of limited supply. Moreover, it may be harder for them to buy in large quantities and the spread in share prices may be pretty wide too.

It is no secret that the Government-Related Institutions can influence the market and the stock market indices due to their sheer size of shareholdings. Some say that the higher PE (price earnings ratio) enjoyed by companies listed on the Malaysian stock exchange, compared to its regional peers, is due to the heavy involvement of the Government-Related Institutions.

We cannot blame the Government-Related Institutions for buying-up these good GLCs and hanging on to them for the long term as that is what long-term investment is all about.

05.10.2018

MSWG’S QUICK TAKE ON-ONGOING CORPORATE DEVELOPMENTS

VERSATILE CREATIVE BERHAD (“VCB”)

VCB held its 15^th Annual General Meeting (“AGM”) on 30 September 2018.

The voting results for the resolutions of the AGM are shown below:

1. Resolution 5 was withdrawn. Dato’ Wong Kong Choong @ Leong Kong Choong had, on 29 September 2018, indicated his wish for not seeking re-election as a Director of the Company pursuant to Article 73 of the Company.
2. Resolutions 6 and 7 were also withdrawn. En Fathi Ridzuan bin Ahmad Fauzi and To’ Puan Rozana Binti Tan Sri Redzuan have resigned as Directors of the Company with effect from 24 September 2018 and 27 September 2018 respectively.