When a listed company has cash and short term investments, making up at least 70% of its consolidated assets (this condition is referred to as “Cash Criterion”), it has to notify Bursa Malaysia immediately. Bursa will determine if this company is considered a “Cash Company”.
While there are more than a thousand companies listed in Bursa Malaysia, not all of them are in a financially sound position. Although at the point of listing, these listed companies must meet the Listing Requirements of Bursa Malaysia, given time, the company’s financial position and business direction can change for the better or for the worse.
To strengthen the position of Bursa Securities as a conducive capital raising destination, the enhanced framework of the MESDAQ Market will be known as ACE Market effective 3 August 2009.
This enhancement entails the merging of the current Main Board and Second Board into a single board of established corporations. Effective 3 August 2009, this merged market of Main and Second Boards will be known as the Main Market, hence the listing of both Boards.
I have quite a number of clients asking me about LLP, following a recent discussion draft issued by the SSM (Suruhanjaya Syarikat Malaysia). This article is the first of two parts, where I will highlight main characteristics of an LLP.
LLP is an alternative form of business entity that combines protection of limited liabilities to [...]
The main focus of Islamic banks is to establish Islamic working framework within their national boundaries. The fundamental of Islamic finance industry is where its operations need to comply with Syariah principles. What are they?
After the economic crisis in 1997, the need for good corporate governance mushroomed, to an extent whereby Malaysia issued its first Code of Corporate Governance in year 2000. Corporate governance is all about how the company, its employees and everyone involved with the company is managed. There are 4 pillars to corporate governance: transparency, accountability, fairness, responsibility.
A company formation’s documentation and process is explained by KL Management, where companies need to perform these tasks, obtain these documentation and go through certain processes in order to set up a limited company in Malaysia.
Memorandum and Articles of Association is one of the pre-requisite documents needed when companies in Malaysia apply loans from banking institutions. Discover what are the details here.
Sendirian Berhad (SDN BHD) or a private limited company is a very common business entity here in Malaysia. What are the advantages and disadvantages of setting up this particular business entity as compared to sole proprietor and partnership? KL Management explains.
