In a recent case on Corporate Restructuring, Ekran a PN 17 company seemed to get the wrong side of the law when it has submitted its regularization plan to the Bursa Malaysia Securities Bhd and was told that it  “fail” to submit the regularization plan to Securities Commission (SC) which might result in  Bursa Malaysia […]

A recent capital re-organization/restructuring by PN17 company –FCW Holdings Bhd which involves firstly a capital reduction with subsequent consolidation and then a further right issue.

Details as follows:

On Jan 12, FCW announced that  it would cancel 40 sen of the par value of each of its 50 sen shares and consolidate every five resultant shares of […]

Reported in The Edge Malaysia (5/10/06) that
“The Ayer Molek Rubber Company Bhd (AMolek) has aborted its proposed rights and bonus issue.”
The reason cited is that it is not able to comply with the revised listing requirements on bonus issue that came effect on May 29.
The new rule is that:
“an issuer of a proposed bonus issue […]

Reported in The Edge, Malaysia,(20/9/06)  Ireka Corporation Bhd’s executive director Lai Voon Hon had announced some turnaround strategies hoping to the turn the company’s bottom-line back to profitability. Earlier, the company has incurred a net loss of RM7.51 million in the first quarter to June 30, 2006 due maintly to its construction subsidiaries adversely affected […]

If you have a subsidiary in China which is under-performing, do you like to know more about any probable way of transforming/restructuring it into a successful venture.
Reported in The Star (18/9/06) a ex-Malaysian banker, Datuk Teo Tong Kooi , CEO of Singapore’s Hong Leong Asia Ltd (HLA) apparently has managed to transform a formerly state […]