Bursa Stock Talk
Notice Of Person Ceasing To Be A Substantial Shareholder
bursastocktalk
Publish date: Thu, 05 May 2016, 09:26 AM
Some blog postings highlighted a high profile investor filed the notice ceasing to be a substantial shareholder in a company very late after he has ceased to be a substantial shareholder.
Not very familiar with companies regulations but based on section 69G of Companies Act 1965,
Form 29C
However, Securities Industries Acts 1983 allow 2 weeks to serve notice on substantial shareholdings and ceasing to be a substantial shareholders
http://www.sc.com.my/wp-content/uploads/eng/html/resources/guidelines/siasireg98.pdf
Not very familiar with companies regulations but based on section 69G of Companies Act 1965,
| Section 69G. Person who ceases to be substantial shareholder to notify company. |
| (1) A person who ceases to be a substantial shareholder in a company shall give notice in writing to the company stating his name and the date on which he ceased to be a substantial shareholder and full particulars of the circumstances by reason of which he ceased to be a substantial shareholder. (2) The notice shall be given within seven days after the person ceased to be a substantial shareholder. |
Form 29C
However, Securities Industries Acts 1983 allow 2 weeks to serve notice on substantial shareholdings and ceasing to be a substantial shareholders
http://www.sc.com.my/wp-content/uploads/eng/html/resources/guidelines/siasireg98.pdf
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