PETALING JAYA: For some investors, the lifting of the trading suspension on Serba Dinamik Holdings Bhd is good news as there is finally an “ exit path ” after being stuck with the stock for over six months. But from a different perspective, there are questions on whether Bursa Malaysia has lifted the suspension a little too soon, considering that doubts still remain over the validity of its accounts. The whole controversy over the accounts of Serba Dinamik’s is far from over but the stock exchan

Shareholders will have more say over matters of raising funds and whether it is for a genuine purpose because the flexibility for companies won’t be there anymore.“ Companies will have to be genuine in their fundraising.... Likewise, banks have become very prudent with their loans, so accessing a loan can be difficult and even then, the interest cost can be high.“ Also, some placees add value to the company as they have a special expertise or a competitive advantage.... Rakuten Trade head of e

PETALING JAYA: More listed entities are raising funds via private placements in the fourth quarter as companies rush to take advantage of a relaxed ruling, which allows them to place out a higher percentage of shares, before the window closes on Dec 31. According to announcements on Bursa Malaysia, about 50 companies have announced plans to raise funds through private placements since October compared to over 40 companies for the July-September period. These include Bintai Kinden Corp Bhd, Adven

Say no to plastic:( From left) Sharmaine, Devakumaran and Aina saybusinesses and consumers are equally responsible for reducing waste. PETALING JAYA: Environmentalists are urging the public to think twice before ordering a takeaway that comes with a lot of packaging or disposable cutlery, in view of the mounting amount of solid waste.“ Takeaways always come with single-use plastic cutlery and packaging, and the rising food gifting trend has also contributed to this wastage, ” said EcoGarage co-f

KUALA LUMPUR: A mandatory tenure limit of 12 years for independent directors will be introduced in the Listing Requirements early next year. The Securities Commission( SC) said in its Corporate Governance Monitor 2021 that this would help facilitate a structured board refreshment among listed companies.“ We think this is the sweet spot because the directors are typically appointed on a three-year term.“ The feedback that we have received from stakeholders are that we can’t cut off too soon like