All long-serving independent directors impacted by this enhancement must resign or be redesignated as non-independent directors by June 1, 2023, said Bursa in a statement.
This new regulation comes as the stock exchange operator enhanced requirements in the Main and ACE Market Listing Requirements aimed at further strengthening board independence, quality and diversity.
"Additionally, the exchange introduces a new rule which requires public listed companies (PLCs) to have in place a fit and proper policy that addresses board quality and integrity for the appointment and re-election of directors across the PLC group, which must be published on the PLCs' websites, starting from July 1, 2022.
"PLCs are also required to disclose the application of the PLCs' fit and proper policy in the nomination and election of their directors in their annual reports.
"This seeks to improve the overall quality of directors and promote greater transparency on the criteria for board appointments," said Bursa.
Another key enhancement is the requirement for the PLCs with a market capitalisation of RM2 billion as at Dec 31, 2021 to appoint at least one woman director on their boards by Sept 1, 2022, as announced by the minister of finance in Budget 2022.
For the remaining PLCs, the requirement must be complied with by June 1, 2023.
Bursa Malaysia chief executive officer Datuk Muhamad Umar Swift said the amendments will serve as an impetus for Malaysian PLCs to refresh their board composition, with greater focus on board quality, diversity and independence, that will promote board dynamism ultimately.
"The bedrock of a well-functioning and well-governed PLC is an effective and quality board," he said in the statement.
Many people wont believe the price will so low, but it happening , many people lose all thier money becose of not believe the price will drop to 0.01 - 0.02 from the price RM 2 - 3.
krish52 is there any hope? lost so much in this counter. 20/01/2022 2:23 PM
I have been this scenario last year when the price drop on daily basis like this till 0.025-0.03, not sure how high price you enter, mine average to 0.047 at that moment.
To tell you my blunder is I did not background check this counter, seeing all this rubbish positive comment and thinking the counter is cheap.
Share consolidation 1: 10 to shoot up from 0.20 to the so called 0.59 but surely at 0.40 I already cut loss but a huge fund to buy the RI at 0.10 manage to earn back a little profit as I dump all around 0.12 and all the free warrant at 0.025, a blessing to me as you can see the price plunge till 0.025 now where a slight greediness from me to keep the stock at that time will become my nightmare now.....
At that time, normal people will think how can this stock plunge all the way back to 0.025 after a 1:10 share consolidation and RI issue at 0.10 with so many new shares? It is impossible right, people keep buying thinking this is cheap when drop below 0.10 and the warrant at 0.015 is so cheap right?
Ask me what can you do now? If you want to take a big risk, maybe buying more at 0.02-0.025, high risk high gain but also high loss, nobody know, this is the roller coaster stock for goreng, pointless to talk about profit etc else just leave this alone to prepare for total loss or bear the pain to cut loss in getting back any possible money at all.....
Anyway, your own decision, stock market is about earning money, not about loyalty or fans cheering.......
Bad guys trying hard using AGESON to entice PASU Investors to runaway... so that they could rally up alone? Why fears others when traders are almost no longer in existence.. Most small traders died in during 2021 downtrending market. The majority leftovers now are investors....
AGESON is a good company.. the ESOS, CONSO & RI tactics ... if the initiatiator got bad intend will backfire...
Whereas PASU is just another one turning for better..
2020, 2021, all so called ikan bilis, die with almost total loss lol, where got downtrend related to this counter, majority leftover is the newcomer that also not sure what to do with almost 50% above losses, don't bullshit me saying nobody have losses till now since the RI from 0.10, 75% losses with 0.025 now......
One thing I agree, PASU financial report definitely better but still in losses territory.....
The only one have chance now is those buying now at 0.02-0.025.....but who know whether is this the bottom?
You can see previously people buy at 0.045 - 0.05 thought this is the bottom, then who knows, drop till 0.025 now, almost 40-50% losses, no eye to see even for those buy above 0.05 or even earlier stage since RI.....
Now we know why the warrant can go down till 0.01 with 1:1 exchange.....
Anyway, yes, it seems to be a chance of better betting, just more to buy and throw once rebound....., does this sound like goreng more than investment?
When the sharks collected enough n the billies overcome the fear creat by Conmen n conwomen like Ppmaster, whistlebower99 is either stockraider or kenie, Gtrade (JJPTR/JKPTR) also know as Ularsawa dragonslayer, the sharks could b those conmen n conwoman, will only push up.
It has nothing to do with PP, ESOS n share consolidation, just ignore these conwomen n conmen like whistlebower99 is either stockraider or kenie, Gtrade (JJPTR/JKPTR) also know as Ularsawa dragonslayer, also Ppmaster, they are barking shits to scare U.
Once Pasukas go up like Lambo, Netx or Trive, these conmen n conwomen n new barker ven2004, will all go to their jamban to stuck their mouth with shits n shut up.
this company has already crash 2 d hell, what's there to bark somemore? real idiooots.. hahahaha
This is also a channel to share your thoughts with the Bursa management. They are in the dark and we share then they will take action to check n balance. They can detect the agenda of corporate raiders without our feedback
Good123, im not the gamblers, i jus apply on high accuracy , high efficiency and high possibility on my every investment. I wont guess and hope on the price movement like you, My every invesment base on the realitics report what will happen to the price now.
Good123, please dun talk future on penny stock, that cant proved, can be delisted too in the future, who knoes. Talk price now is more reasonable and acceptable. I never talk future on penny stock. Only brainess people will talk future on penny stock.
I read some of the recent comments in this forum. Realistically one needs to look at Pasuk latest balance sheet. Company is still cash rich. Don’t worry. Will not be a PN17 company any time soon.
Nobody knows what will happen to Pasuk in 1-2 years. May even be a high flyer if all projects/MOU successful. At 0.025 downside risk minimal loss. Well below NTA
This Good123, everyday bark shit tarik 'lalat rumah' Conmen n Conwomen, like Ppmaster, whistlebower99 is either stockraider or kenie, Gtrade (JJPTR/JKPTR) also know as Ularsawa aka dragonslayer, to come n eat her shit n muntah more shits to dirty this place, semua pun lari, lagi cakap projects, memang paling bodoh...
If Good123 is not psycho, don't bark will die; she must be the most stupiii woman in the world. She bark like Ularsawa aka Gtrade (JJPTR/JKPTR) aka dragonslayer, n stockraider aka whistlebower aka kenie, they use many different IDs to bark...
Sungguh malang Tiada ku rugi Si Bagiuz insan yang selalu di keji Bertahun-tahun ku percaya Bertahun-tahun ku tetap setia Sungguh Tiada ku kira Dikau telah membuat kecewa Janjimu hidup bahagia Namun kini hampa belaka Semoga Kau bahagia selalu Bersama kasihmu yang baru Biarku terpaku sendiri Bersama nasibku begini Sungguh Tepat peribahasa mengatakan pada kita semua Sudah memang tiada bertul Panggilan maut pasti kan terulang Semoga Kau bahagia selalu Bersama kasihmu yang baru Biarku terpaku sendiri Bersama nasibku begini Sungguh Tepat peribahasa mengatakan pada kita semua Sudah memang tiada bertulang Panggilan maut pasti kan terulang Sudah memang tiada bertulang Panggilan maut pasti kan terula Panggilan maut pasti kan terulang
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....
Ppmaster
4,431 posts
Posted by Ppmaster > 2022-01-20 08:52 | Report Abuse
Good123, my 16 years old student also know what happen, you dunno ?