If you are a corporate lawyer and you ask your supervising partner the question above, be prepared that you may be told to do your own reading.

In short, a “substantial shareholder” of a company refers to a person who has an interest in one or more voting shares in the company which is 5% or more of the total number of all voting shares in the company. See section 136 of the Companies Act 2016 of Malaysia for details.

A “major shareholder” is defined in the Listing Requirements and means a person who has an interest or interests in one or more voting shares in a corporation and the number or aggregate number of those shares, is:

(a) 10% or more of the total number of voting shares in the corporation; or

(b) 5% or more of the total number of voting shares in the corporation where such person is the largest shareholder of the corporation.

#MalaysianCorporateLawyer
#CompaniesAct
#ListingRequirements
#shareholders

This post first appeared on LinkedIn on 8 June 2023.