After the political scandal and upheavals of Malaysia, the rankings of corporate governance have dropped. However, analysis suggests that Malaysia has done better than commonly perceived. The evolution of corporate governance in Malaysia over the last 20 years and thereafter is continuous, etc
Rankings of corporate governance of Asian markets by the Asian Corporate Governance Association over the past two decades have placed Malaysia between the fourth and the seventh. The recent 1MDB scandal and political upheavals reversed an upward movement in recent years, and in the latest ranking, it has resulted Malaysian in a joint fifth ranking amongst 12 Asian markets.
Despite the change in ranking, analysis suggests that the regulatory framework and corporate governance for issuers listed on the Malaysian stock exchange are better than commonly perceived.
Some key takeaways are: Corporate governance rules and guidelines in Malaysia are relatively stricter and more prescriptive than in many other markets. There has been clear progress in the adoption of corporate governance best practices Malaysia is one of the most progressive markets in promoting gender diversity in Asia. The days of long-serving Independent Directors on Malaysian boards are coming to an end and this can help further improve independence, competencies and renewal on boards. Areas of improvement remain in terms of age diversity and director selection processes
How equity-backed loans can meet the liquidity ambitions of Asia’s borrowers
Equity-backed lending is emerging as a compelling funding mechanism in the current environment, and it is worth examining its merits versus other liquidity options – particularly given the rapid growth in the number of potential borrowers in Asia this kind of lending could benefit.
Asia’s ultra-high-net worth (UHNW) population – the second largest behind North America – grew 10.2% to 83,310 individuals in 2019.[1] As economic conditions, and consequent risks and opportunities, shift rapidly, many of these individuals will be looking for new ways to put their assets to work.
Asia 10.2% (83,310) North America 14.5% (105,080)
The premise is relatively simple: equity-backed loans allow investors, typically with concentrated holdings, to use their shares as collateral to unlock liquidity for other needs while still maintaining upside participation in the stock. At times their ambitions are business-oriented. The funds could be used to start a new venture, diversify investment or exercise options due to expire. Other projects are more personal – for example to address tax liabilities or to purchase “crown jewel” assets.
Through our two decades as a specialist in equities-backed lending, we have developed a unique approach that maximizes the potential of this model along two key dimensions – flexibility and efficiency.
Lending with agility
On a global basis, most of our loans average in the US$4 million range. Yet we can vary loan amounts considerably depending on borrower needs and market conditions. In markets such as Hong Kong with high liquidity and concentrations of wealth, the average loan size is many multiples larger. In Australia, the average loan size is just US$1 million, but transaction volume is high. In Europe, average deal sizes fall somewhere in the middle.
We are also able to structure liquidity solutions to the specific needs of each borrower by, for example, increasing or decreasing the tranche size, or adjusting the loan to value (LTV) ratio depending on their requirements.
Several borrowers have worked with us on repeat occasions due to this flexibility. For example, we have provided some borrowers a total of US$30 million in liquidity, but across six separate US$5 million tranches. Not surprisingly, we estimate up to 70% of our transactions are with repeat borrowers. Over the past five years, EquitiesFirst’s Asia offices have closed over $1 billion USD in loan transactions for UHNW individuals.
Value, delivered efficiently
The distinctive aspects of our business model also allow us to offer a quick and seamless experience to our borrowers. While we make sure that we conduct all necessary due diligence, we do not require extensive credit checks. The quality and value of the underlying asset – i.e. the equity the borrower supplies as collateral – mitigates the risk on our side of the transaction.
Interests are aligned during the term of the loan as the borrower’s equity is transferred to become a part of the EquitiesFirst portfolio and we become an investor in the stock alongside the owner. From then on, the borrower is simply required to pay a fixed interest rate – typically significantly lower than standard lending rates – on a quarterly basis; and at the end of the term, repay the loan. Once the principal is repaid, EquitiesFirst returns the same number of shares we received at initiation. This means the borrower retains all economic beneficial ownership, including value appreciation and dividend payments.
This level of efficiency is something that other capital providers, typically banks and other large financial institutions, are simply not in a position to offer. As equity-backed lending is typically a niche component of a large bank’s business at best, internal restrictions and a lack of focus limit their ability to act.
By contrast, as a dedicated equity-backed lender, we have worked for years to streamline and enhance our processes in a way that benefits the parties on both sides of each transaction. With a growing presence in Asia, we stand ready to bring these skills to bear as the region’s rising ranks of affluence seek new means to access the liquidity needed to achieve their goals. P
Oversea balik 10sen selepas harga pp ditetapkan :)
0153 OVERSEA OVERSEA ENTERPRISE BERHAD NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) OVERSEA ENTERPRISE BERHAD ("OVERSEA" OR THE "COMPANY")PRIVATE PLACEMENT You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
probably renovation, set up of outlets, etc are given to pasukhas... wait for annoucement je
Sabar ya!
Focus Dynamics, LKL International propose lifestyle-based ...https://www.theedgemarkets.com › article › focus-dyna... 4 May 2021 — Focus Dynamics, a lifestyle and technology-based group with exposures in food and beverages, property, and nutritional food, emerged as ...
Focus Dynamics, LKL ink partnership for pharmacy chain ...https://www.nst.com.my › business › 2021/05 › focus-d... 4 May 2021 — Focus Dynamics Group Bhd (FDG) and LKL International Bhd (LIB) are forming a partnership to roll out a lifestyle ...
Focus Dynamics buys 30% stake in LKL - The Malaysian ...https://themalaysianreserve.com › 2021/03/22 › focus-d... 22 Mar 2021 — FOCUS Dynamics Group Bhd has bought a 30% stake in LKL International Bhd for RM37.5m. LKL is principally involved in healthcare, ...
Focus Dynamics and LKL forge lifestyle-based pharmacies ...https://focusmalaysia.my › focus-dynamics-and-lkl-forg... 4 May 2021 — FOCUS Dynamics Group Bhd has struck a partnership with LKL International Bhd to incorporate various aspects of its technological and digital ...
Focus Dynamics to acquire 30% stake in LKL for RM37.5mhttps://www.thesundaily.my › Business 19 Mar 2021 — PETALING JAYA: Focus Dynamics Group Bhd has agreed to acquire a 30% stake in medical bed maker LKL International Bhd for RM37.5 million.
Malaysia: Focus Dynamics takes 30% stake in LKL Internationalhttps://www.laingbuissonnews.com › ... › News 30 Mar 2021 — Focus Dynamics has taken a 30% stake in healthcare furniture and equipment manufacturer LKL International for M$37.5m.
hahahaha..bloody hell wanting to confuse people as if PP is good but don't even have a good example to give..
Good123 Oversea balik 10sen selepas harga pp ditetapkan :)
0153 OVERSEA OVERSEA ENTERPRISE BERHAD NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) OVERSEA ENTERPRISE BERHAD ("OVERSEA" OR THE "COMPANY")PRIVATE PLACEMENT You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING Description PASUKHAS GROUP BERHAD ("PASUKHAS" OR THE "COMPANY")PROPOSED PRIVATE PLACEMENT On behalf of the Board of Directors of Pasukhas, TA Securities Holdings Berhad wishes to announce that the Company proposes to undertake a private placement of up to 20% of the total number of issued shares of the Company to third party investor(s) to be identified later and at an issue price to be determined later (“Proposed Private Placement”).
Further details of the Proposed Private Placement are set out in the attachment below.
Basis and justification of the issue price of the Placement Shares The Placement Shares will be issued based on a discount of not more than 10% to the 5-day VWAP of Pasukhas Shares up to and including the last trading day immediately preceding the price-fixing date, to be determined by the Board after taking into consideration the prevailing market conditions. 2
As the Proposed Private Placement may be implemented in several tranches within 6 months, there could potentially be several price-fixing dates and issue prices. The implementation of the Proposed Private Placement in multiple tranches would provide flexibility to Pasukhas to procure interested investors to subscribe for the Placement Shares expediently within the period as approved by Bursa Securities. For illustrative purposes only, based on an illustrative issue price of RM0.052 per Placement Share, the issue price of the Placement Shares would represent a discount of approximately 5.63% to the 5-day VWAP of Pasukhas Shares up to and including the LPD of RM0.0551. (Source: Bloomberg)
2020 Private Placement On 4 December 2020, Pasukhas completed the 2020 Private Placement, raising total proceeds of RM17.08 million. The said proceeds have been utilised as follows: Utilisation of proceeds Actual proceeds raised Actual utilisation up to the LPD Balance unutilised Estimated timeframe for utilisation from completion of the 2020 Private Placement (RM’000) (RM’000) (RM’000) Repayment of borrowings Development of the Yayasan Project Estimated expenses 1,930 14,808 340 17,078 1,930 (1)12,630 340 - Within 12 months 2,178 Within 24 months - Immediate Total Note: (1) 14,900 2,178 The Group has obtained the development order from Dewan Bandaraya Kuala Lumpur (“DBKL”) on 8 December 2020 and still in the midst of preparing a building plan for submission to DBKL as at the LPD. The Group has commenced the design work and has utilised the proceeds mainly for land cost, payment of authority fees, consultancy fees and payment for raw material.
2021 Rights Issue with Warrants On 21 July 2021, Pasukhas completed the 2021 Rights Issue with Warrants, raising total proceeds of RM99.20 million. The said proceeds have been utilised as follows: Utilisation of proceeds Actual proceeds raised Actual utilisation up to the LPD Balance unutilised Estimated timeframe for utilisation from completion of the 2021 Rights Issue with Warrants (RM’000) (RM’000) (RM’000) Development of the Yayasan Project 66,683 31,816 700 99,199 - (1)66,683 21,709 10,107 700 - 22,409 76,790 Within 24 months Within 12 months Immediate Financing of the Project Estimated expenses Factory Total Note: (1) This amount will be utilised once the 2020 Private Placement proceeds earmarked for Development of the Yayasan Project has been fully utilised. The proceeds are expected to be utilised for amongst others, piling works, structural works and professional fees (i.e. architect, engineers and quantity surveyors).
I simply don’t understand, why keep posting the past.. at this moment Pasukgb any share placement ? If yes , please post the outline.. No then it’s good.. no need digging the past.. see already so confused.. most important the share price must be up .. don’t blame each other right or wrong.. it’s the past already done .. thank you
Yes, if want to see the maths, when they consolidate 10:1, 0.02 become 0.20, then after all the RI etc, it drop all the way to 0.04-0.045, so here you can see what happen to those still holding since before consolidation...., almost total loss, this is where people said should cut loss, then back to that question again, who should cut loss like now...., those holding above 0.10, should they cut loss now as above 50% total loss.....
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Good123
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Posted by Good123 > 2021-11-14 06:06 | Report Abuse
Pasukhas should perform well based on ESG Matrix
NEW ESG MATRIX
Overall
Biological preservation
Water + energy conservation
Pollution + waste regulation
Sustainable sourcing
Occupational safety + health
Workplace diversity
Employee training + wellbeing
Volunteering + charitable giving
Corruption-free pledge
Accessibility & transparency