Posted by studyabroad0514 > 2015-06-07 20:23 | Report Abuse

Hi everybody, I'm a newbie who's just started to learn how to invest in Bursa Stock Market. I'm reading Malaysia Companies Act but there're a lot of things I cant figure out by myself. Pls help me! It states in the Companies Act: [.....(4) A person shall be deemed to have an interest in a share where a body corporate has an interest in a share and— (a) the body corporate is, or its directors are accustomed, or is under an obligation, whether formal or informal, to act in accordance with the directions, instructions or wishes of that person in relation to that share; (b) that person has a controlling interest in the body corporate; or (c) that person, or the associates of that person or that person and his associates are entitled to exercise or control the exercise of not less than fifteen per centum of the votes attached to the voting shares in the body corporate....] I met a lot of notes like below in Annual Reports of listed companies: "Mr A has a deemed interest in the shares of X Berhad held by B Sdn Bhd and C Sdn Bhd" Can I assume that A has a controlling interest in B and C? Is there any case that Mr A isnt a shareholder of B or C but he still can have a deemed interest in the shares of X Berhad through B and C? Pls help me understand those things. I look forward to hearing from you soon! Terima Kasih!