What lies ahead for Kuchai? Disposal deal sets stage for multiple scenarios
Low-profile Kuchai Development Berhad and Sungei Bagan Rubber Company (Malaya) Berhad (Sg Bagan) recently hogged the public limelight again with major corporate exercises that will streamline the structure and consolidate the assets of the two companies.
2023 was a record year for MSWG as we included more companies in our portfolio. We also attended the highest number of general meetings last year at 531, representing a marked increase of 16.2% y-o-y from 457 recorded in 2022. Of the 531 meetings, 424 were AGMs, 105 were EGMs, and 2 were court-convened meetings.
At the same time, virtual platforms remain the preferred mode for PLCs to conduct their meetings, with about 366 (69%) meetings hosted virtually. Meanwhile, physical and hybrid meetings made up 162 (30.5%) and 3 (0.5%) of the total meetings attended, respectively.
Eligible ACE Market listed counters on Bursa Malaysia should take advantage of the simplified and accelerated transfer process approved by SC to facilitate their promotion to the Main Market.
The framework, which will take effect on 1 January 2024 through amendments to the Equity Guidelines, should incentivise more ACE Market-listed PLCs to continuously improve their corporate values and achieve sustainable growth for shareholders. ”
Greeting message: “The Observer will be off for next week. The publication of newsletter will resume on the first week of 2024. Merry Christmas and Happy New Year from all of us at MSWG. We wish you another year of abundant returns in 2024!