My work doesn’t save lives. Nor does it change anyone’s life. I help corporations to raise funds through equity capital transactions. As PGF Capital Berhad (formerly known as Poly Glass Fibre (M) Berhad) (“𝐂𝐨𝐦𝐩𝐚𝐧𝐲”) announced the completion of its rights issue of irredeemable convertible preference shares (“𝐈𝐂𝐏𝐒”), I am glad …

“I post a blog post because it’s tomorrow.” Seth Godin said he doesn’t post a blog post because he thinks his post is perfect. He posts a blog post because it’s tomorrow. He made a decision one time to write every day for his blog, so that he doesn’t need …

Where there is more than one seller in an M&A transaction, the sale and purchase agreement should set out whether the obligations of the sellers under the SPA are (1) joint and several; or (2) several and not joint. From a buyer’s perspective, it is better for the sellers’ obligations …

As a junior lawyer, you would be told 𝒘𝒉𝒂𝒕 to do. Carrying out tasks requested by your employer/clients/ colleagues is part of the job. If you have good colleagues, you would be guided on 𝒉𝒐𝒘 to do the work. You may get helpful information on what issues to look out …

Any offer of shares of a company seeking for listing on the Main Market of Bursa Malaysia (other than SPAC listing) would need to comply with the following pricing requirements under the Equity Guidelines: 1. The exercise price of warrants and options, and the conversion price of convertible securities that …

An investor who wants to subscribe to shares or acquire shares in a private company should first consider whether there are any restrictions to do so in the following documents: 1. Constitution of the company (if the company has adopted a constitution); and 2. Shareholders agreement (if the current shareholders …

As an introvert, I used to dread picking up the phone to call a stranger. I preferred emails over phone calls. I am fine talking to someone outside my circle of friends if there are things we need to discuss. However, I rather not do small talk in social settings …

1. Should the investor subscribe to new shares issued by the company or acquire shares from the current shareholder(s) of the company? The stamp duty for instrument of transfer of shares is 0.3% of the price or value of the shares on the date of transfer, whichever is higher. The …

It is a common practice in certain sectors where parties enter into a short form agreement, typically a letter of offer or letter of award which requires the parties to enter into an agreement within a specified period of time. The second agreement sets out the detailed terms and conditions. …

Pre-IPO investors who invest in shares of companies seeking for listing on Bursa Malaysia should take note that their shares would be subject to moratorium in the following circumstances: 1. Moratorium on pre-IPO shares of Special Purpose Acquisition Company (“𝗦𝗣𝗔𝗖”) Pre-IPO investors are not allowed to sell, transfer or assign …