Shareholder activism refers to the efforts of investors to exercise their rights as owners to discipline boards and top management teams. It is about driving change, and arises when shareholders believe that the boards have failed to perform their duties, leading to shareholder dissatisfaction with board performance and shareholder value maximisation.
Shareholder activism refers to the efforts of investors to exercise their rights as owners to discipline boards and top management teams. It is about driving change, and arises when shareholders believe that the boards have failed to perform their duties, leading to shareholder dissatisfaction with board performance and shareholder value maximisation.
Shareholder activism refers to the efforts of investors to exercise their rights as owners to discipline boards and top management teams. It is about driving change, and arises when shareholders believe that the boards have failed to perform their duties, leading to shareholder dissatisfaction with board performance and shareholder value maximisation.
By voicing their concerns and making their dissatisfaction known, either via dialogues, in letters written to the company, through shareholder proposals, by adverse voting, press campaigns or exiting the company, shareholders can influence the practices and strategy of a company. Shareholder activism may include institutional investors’ private engagement with companies on issues related to the business model, financial performance, long-term strategic plans and environmental, social and governance (ESG) standards, or retail investors’ shareholder proposals, which mostly cover issues related to the board, executive compensation and ESG matters (including auditor-client relationship), as well as hedge funds’ campaigns to put the company, or part of the company, up for sale.
The mid-1980s saw a rise in shareholder activism when institutional investors such as pension funds, asset managers, mutual funds and insurance companies became activist investors. A milestone in 1985 was the founding of the Institutional Shareholder Services and the Council of Institutional Investors in the US. These activist institutional investors initiated shareholder proposals, pressured management “behind the scenes” and used public media campaigns to target the boards and senior management of poorly governed or underperforming companies to implement corporate reforms.
In the 1990s, labour union pension funds replaced public pension funds as the main shareholder activism player, and mutual funds also jumped on the activism bandwagon. The latest actor to enter the activism stage in the late 1990s was the hedge funds and private equity funds that took large, relatively long-term positions in underperforming companies.
In many cases, hedge fund activists deploy confrontational tactics, ranging from publicly admonishing incompetent executives to unseating the entire board, to achieve their agenda. Thus, hedge fund interventions can induce intense conflicts over firm strategies and often heated battles for corporate control between hedge fund activists and the target firm’s management.
KUALA LUMPUR: Business sentiment growth among Japanese companies in Malaysia is forecast to accelerate in the second half of 2022 based on a survey by the Japanese Chamber of Trade and Industry Malaysia (Jactim).
President Daiji Kojima said that according to the bi-annual survey conducted among 557 Jactim members between Jan 19 and Feb 21, 2022, the business sentiment diffusion index (DI) is projected to expand to 20.5 points, continuing its positive trend from the first half of 2022 (H1 2022).
"DI for Japanese business sentiment for H1 2022 rose sharply by 30 points to +9.4 points, turning positive after being in negative territory for eight terms and the highest since H1 2018 due to relaxation of movement control, in particular with the reopening of most economic sectors and greater demand in the semiconductor sector," he told Bernama.
The online survey received 234 responses, involving 140 companies in the manufacturing sector and 94 non-manufacturing companies.
Meanwhile, Jactim general adviser cum Japan External Trade Organisation Kuala Lumpur (Jetro KL) managing director Mai Onozawa said more Japanese companies are considering expanding in Malaysia compared to last year.
In a separate concurrent survey conducted by Jactim and Jetro KL on Japanese companies' business condition, it was found that the English proficiency of workers and a good living environment topped the list of Malaysia's attractiveness for medium- to long-term investment among Japanese investors, she said.
"Business sentiment is driven by new business development in the electrical and electronics sector, electric vehicle expansion in the automotive industry and growth of the wholesale and retail markets," she told Bernama.
Onozawa said most Japanese companies in Malaysia are now in expansion mode with signs of recovery from the effects of COVID-19 pandemic.
Based on the joint survey, more than half of Japanese companies in the manufacturing sector in Malaysia have recovered from the COVID-19 period.
However, operations for nearly half of the non-manufacturing Japanese companies have not returned to the pre-COVID-19 level.
"It is hoped the domestic economy would recover further and support recovery," she added.
She emphasised that Japanese companies in Malaysia are also already making efforts to go carbon neutral and reduce greenhouse gas emissions.
"The adoption of digital technologies is also relatively high in Malaysia among the ASEAN countries, particularly as COVID-19 has further accelerated the adoption of the technology. However, securing talents is an issue, particularly with the shortage of engineers and labour shortages," she said.
Onozawa highlighted that there are calls to speed up the process of the recruitment of foreign workers in light of the serious shortage.
In terms of human rights, she said based on the survey, Malaysia has the highest percentage among ASEAN countries in recognising human rights issues such as appropriate labour practices and ensuring occupational safety.
Since its listing on Bursa Malaysia’s LEAP Market in late July last year, Lim Seong Hai Capital Bhd (LSH Capital) has gone from strength to strength and is on its way to realising its aim of becoming a billion-ringgit company.
LSH Capital — which has acquired LSH BEST Builders Sdn Bhd, a company that provides construction solutions to clients via its BEST Framework (Blue Ocean Strategy; Enhancement Solutions for Finance; Sustainability, Made Affordable; and Transformation and Innovation) — announced on March 28 corporate proposals that will diversify the business into property development and strengthen its construction and construction-related order book.
“We have streamlined some of the business into LSH Capital. The board is very happy and excited about the prospects of LSH Capital and also believes that the RM1 billion target is on track,” says non-executive chairman Tan Sri Lim Keng Cheng.
With the diversification, the construction-related products and service provider will be able to move up the construction value chain, and the corporate proposals for vertical integration within the construction industry will help provide a foundation for future growth.
LSH Capital will continue to provide construction-related products and look for more opportunities to bulk up its construction order book.
https://pasukhasgroup.com › our-bu... Our Businesses - Pasukhas Group Berhad ... Singapore, Indonesia, United Emirates-Dubai, Fiji Islands. With this, it seals Pasukhas's position as an integrated M&E engineering service provider.
Baik bagi projek hartanah yayasan ATM pasukhas Yang bernilai beratus ratus juta ringgit Di KL :)
KUALA LUMPUR (April 11): RHB Investment Bank Bhd said the property sector should generally benefit from the re-opening of the economy and international borders.
In a note Monday (April 11), the research house said it sees some potential trading opportunities as sector valuations are undemanding, at 64% discount to RNAV.
“Recent news flow on the construction sector and green light for the Mass Rapid Transit 3 may potentially have a positive spillover on the sector.
KUALA LUMPUR: The FBM KLCI was seen firming up above the 1,600-point level at Monday's open as foreign funds continued to flow into the domestic market.
https://www.thestar.com.my › nation New project expected to rake in RM3mil to help armed forces veterans ... 2 Apr 2021 — ... Ismail Sabri Yaakob said the project was being developed by the foundation, JHEV, Defence Ministry and Pasukhas Development Sdn Bhd. https://m.facebook.com › videos Majlis pecah tanah projek usahasama... - Ismail Sabri Yaakob - Facebook
KUALA LUMPUR: The foreign inflow to Bursa Malaysia continued for the week ended April 8, 2022, with net buying of RM312.4mil.
According to MIDF Research data, the positive trend was in line with Asean markets, which has continued to see net inflows albeit at a slower pace.
Cumulatively for the week, Indonesia, Malaysia and Thailand registered a total net inflow of US$421.3mil, which was slightly more than half the net inflow recorded in the previous week.
On the Malaysian market, foreign investors have been net buyers for 12 of the first 14 weeks of 2022, recording a net purchase of RM6.97bil of local equity so far this year.
KUALA LUMPUR (April 11): The Securities Commission Malaysia (SC) has updated its Investor Alert List.
In alerts last Friday (April 8) and Wednesday, the commission said the following persons/entities had been added to the list:
Potential clone entity — Mi Trade Potential clone entity — Hot Forex Trade Crypto Option Sifuku Millennium Group Bhd The Investor Alert List contains a list of unauthorised websites, investment products, companies and individuals, including:
Persons carrying on or holding themselves out as carrying on the following regulated activities without a licence from the SC: dealing in securities dealing in derivatives fund management advising on corporate finance investment advice financial planning, and dealing in private retirement schemes. Persons operating a recognised market without authorisation. Persons issuing or offering securities without approval, authorisation or recognition. Persons misusing the SC’s logo and misrepresenting the SC.
Berita terbaik Akan diumumkan. Pengarah2 sapu syer esos tak terhingga. Terlalu tamak ya :)
OTHERS PASUKHAS GROUP BERHAD ("Pasukhas" or "the Company") - EMPLOYEES SHARE OPTION SCHEME ("ESOS") PASUKHAS GROUP BERHAD
Type Announcement Subject OTHERS Description PASUKHAS GROUP BERHAD ("Pasukhas" or "the Company") - EMPLOYEES SHARE OPTION SCHEME ("ESOS") Pursuant to Rule 9.19 (51) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, Pasukhas wishes to announce that the Company had made an offer of options on 8 April 2022 to eligible persons to subscribe for new shares in the Company under the Company’s ESOS.
The details as follows:
(a) Date of Offer : 8 April 2022 (b) Number of options offered : 69,156,700 (c) Exercise price of options offered : RM0.02 (d) Closing price of Pasukhas’s shares on the date of the Offer : RM0.02 (e) Number of options offered to the Company’s Directors under the ESOS : None (f) Vesting period of the options offered : The options are vested on the Offer Date
:
This announcement is dated 11 April 2022.
Announcement Info Company Name PASUKHAS GROUP BERHAD Stock Name PASUKGB Date Announced 11 Apr 2022 Category General Announcement for PLC Reference Number GA1-11042022-00023
I Rasa tiada ISU harga syer pasukhas balik 10sen+ jika jualan dah dilancarkan bagi projek hartanah yayasan ATM ataupun pengumuman projek negeri melaka.. tenang ya!
KUALA LUMPUR (April 11): Think tank EMIR Research gave some recommendations when it comes to a corporate bailout framework on Monday, including ousting the management who presided over the company's descend and is found guilty of mismanagement, as well as imposing clawbacks on their salaries and remunerations.
In a Monday statement, EMIR Research's researchers, Dr Rais Hussin and Dr Margarita Peredaryenko, pointed out that a rigid bailout framework shall deter moral hazard and protect recouping the government investment, noting some of their recommendations for it.
These recommendations they shared for the bailout framework also include: • Requirement for a thorough forensic audit of bookkeeping, capital management, governance structure, approval process, vendor payment process, etc; • Attachment of a sound business turnaround/restructuring plan to a bailout package in line with company and industry prospects and net present value (NPV) projections which will represent the conditional requirements, not recommendations, of how business model, mode of operation, corporate governance structure etc have to be transformed to qualify for government support; • Tying the bailout to a moratorium on dividend payments or share buy-backs as well as bonuses and other types of remunerations to the top management and board of directors for the time while the company is benefitting from government support; • Curbing the excessive executive pay.
In the Monday statement, EMIR Research's researchers said positively, bailouts can be a considered remedy to save companies and industries whose demise may have dire metastatic consequences for the economy referred to as "systemic significance".
"However, not all bailouts have the same circumstances and conditions. Therefore, policymakers must attach the sensibility tests and robust, strictly neutral, technocratic bailout framework to all government-led corporate bailouts.
"Such stern mechanisms are essential to extinguish government-led bailouts' main moral hazard danger—deterring the incentives and begetting more bailouts. Given that Malaysia's corruption ecosystem is the only well-entrenched and thriving ecosystem we have, the government bailout moral hazard in our country can have a more explosive metastatic effect over and above any systemic benefits.
"Even the international empirical evidence related to government-led bailouts suggests the phenomenon of yet another type of cartel—'bailoutpreneurs'," they added.
They also pointed out that one of the critical questions to be addressed before even considering a bailout is whether the moribund company is distressed only financially or also economically.
"In other words, whether there is a reasonable assurance that the company would be viable as a going concern, provided there is sound intervention. So that the rescuer oneself can recoup its investments in NPV terms or, at least, break even if we speak of the government to safeguard the public good rather than possible narrow crony interests.
"The bailed-out companies often have a variety of chronic financial problems inflicted by previous management waste, power abuse and reckless decision-making that cannot be salvaged despite an injection of public funds and as a result the problems are often recurring that may require more public funds to be injected afterwards.
"While finding a successful example of the government-led bailout in Malaysia with companies being stabilised and invested peoples' money recovered is pretty challenging, there is a galore of inefficient examples with completely opaque information on recouping invested public funds (Tabung Haji, Felda, Proton to name the loudest few)," they added.
In light of all the above, Rais and Peredaryenko said former member of parliament Rafizi Ramli's call to enact a law that would strictly regulate public funds to bail out companies is "timely and urgent" before another whopping amount of people's money is committed to the financing of recklessness.
Rafizi's suggestion came after former prime minister Datuk Seri Najib Razak called for the government to help cash-strapped Sapura Energy Bhd from bankruptcy, either through a loan or a takeover via state investment funds.
Pasukhas probably will be next, hold your breath ya!
KUALA LUMPUR: Bursa Malaysia Securities Bhd has issued an unusual market activity (UMA) query to Tanco Holdings Bhd over the sharp rise in its share price and trading volume recently.
"Investors are advised to take note of the company’s reply to the UMA query, which will be posted on Bursa Malaysia’s website under the Company Announcements (section) when making their investment decision," the exchange said in a statement today.
According to the company's website, prior to 1995, the company was principally engaged in the production and sale of rubber sheets and cultivation of oil palm fruits from its plantation in Kuantan, Pahang.
In January 1997, Tanco completed the acquisition of Tanco Properties Sdn Bhd's entire issued and paid-up share capital, the developer of Bandar Country Homes (BCH) Stage 1 covering 268 acres, and Tanco Development Sdn Bhd, the developer of BCH Stage 2 on freehold 480 acres, both in Rawang.
These acquisitions widened the scope of the group's property development activities and increased its land bank to over 1,000 acres of prime development land.
In February 1998, Tanco completed the acquisition of the entire issued and paid-up capital of Tanco Resorts Bhd, enabling the group to move into the vacation ownership business and those related to tourism, leisure and entertainment.
At 12.30 pm, the counter rose 60.5 per cent from 12.5 cent with 64.6 million shares traded. - Bernama
Closer to very good news, now directors started grabbing esos shares at 2sen. After 31.12.2021, directors had pumped in about rm20mil more into pasukhas via esos shares.
Won't happen to any director of pasukhas probably :)
KUALA LUMPUR (April 11): GIIB Holdings Bhd (formerly known as Goodway Integrated Industries Bhd) has suspended one of its executive directors, Wong Weng Yew, its bourse filing showed on Monday (April 11).
GIIB said Wong has been suspended from his employment with the company since March 28, and the suspension has been extended until April 25, pending the evaluation of the reply of show cause letter from Wong.
However, no further reason or details was given by GIIB for Wong’s suspension.
According to the company's annual report, Wong, 38, was appointed as executive director of the company on Feb 23, 2021, and is responsible for managing the group’s finance and accounting operations.
Prior to joining GIIB, Wong was attached to PricewaterhouseCoopers LLP, Singapore, where he managed and provided advisory for business processes, IT auditing and security review. He has more than 10 years of experience in business advisory and auditing, overall.
His professional qualifications include Chartered Accountant accreditation in Malaysia and Singapore, a member of Association of Chartered Certified Accountants (ACCA), Certified Information Systems Auditor (CISA) and Certified Internal Auditor (CIA).
Bourse filing showed that on Sept 7 last year, Wong doubled his shares in GIIB to 36.05 million shares, or 6.097% stake, after subscribing to a rights issue.
Pasukhas could be the best stock below 10sen with real estate project with ATM in KL officiated by sabri, hidro electric project in Kelantan, sand mining project in Pahang and more to come. Shariah status lagi
Now esos share price 2sen, pengarah2 juga grab... Indicator Bahawa pasukhas Akan terbang bila2 masa
The details as follows:
(a) Date of Offer : 8 April 2022 (b) Number of options offered : 69,156,700 (c) Exercise price of options offered : RM0.02 (d) Closing price of Pasukhas’s shares on the date of the Offer : RM0.02
Pengarah2 juga dah melabur ~rm20juta melalui syer esos Dalam pasukhas. Mereka dah menguasai pasukhas dengan esos syer. Pasti mereka pasukhas Berjaya supaya mereka menjadi Lebih Kaya. Kalau mau curi Wang pasukhas, tentu tak mau masuk ~rm20juta untuk membeli syer esos bagi diri sendiri
Kini pengarah2 dah menguasai pasukhas dengan syer esos. Mereka cuma buatkan pasukhas untung Dan jualkan syer mereka kpd pihak lain pada waktu Yang sesuai Dan bersara
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....
Good123
26,658 posts
Posted by Good123 > 2022-04-10 15:09 | Report Abuse
https://www.klsescreener.com/v2/news/view/975933
Shareholder activism refers to the efforts of investors to exercise their rights as owners to discipline boards and top management teams. It is about driving change, and arises when shareholders believe that the boards have failed to perform their duties, leading to shareholder dissatisfaction with board performance and shareholder value maximisation.