English
Weekly Watch August 28 - Sept 1, 2017
Watchdog group agrees with Scomi's rationale
TEST ABC
MSWG Weekly Newsletter 25 August 2017 (English)
25 August 2017
MSWG IN THE NEWS
WATCHDOG GROUP RELIEVED AFTER BURSA SAYS NO PLANS TO LIST DUAL-CLASS SHARES
http://www.theedgemarkets.com/article/watchdog-group-relieved-after-burs...
MSWG’S QUICK TAKE ON-ONGOING CORPORATE DEVELOPMENTS
SCOMI GROUP BERHAD (“SGB”) / SCOMI ENERGY SERVICES BHD (“SESB”) / SCOMI ENGINEERING BHD (“SEB”)
The Board of Directors of SGB announced that the company has submitted a formal proposal today to:
(i) the Board of SESB in respect of the proposed merger of SESB with the company; and
Watchdog group relieved after Bursa says no plans to list dual-class shares
Weekly Watch August 21 - 25, 2017
Weekly Watch August 22 - 23, 2017
MSWG Weekly Newsletter 18 August 2017 (English)
18 August 2017
VOICE OF MSWG
Listing of Dual-Class Shares
Bursa Malaysia’s clarification that it has no plans to facilitate the listing of dual-class shares on Bursa Malaysia has come as a huge relief to us at the Minority Shareholder Watchdog Group (MSWG).
To do so would have been a huge disavowment of one of the central tenets of capital markets: that of one vote-one share. While other jurisdictions do allow it, notably the U.S., Brazil, Canada, France, Italy, Sweden, Switzerland, Denmark, Russia and Finland, the risks are there for all to see.
These run the gamut of abuse of management power, including prejudiced inter-company loans, mergers/acquisitions and related party transactions, all under the guise of ‘owner knows best’.