What is the difference between a โ๐๐๐ฏ๐๐๐ฎ๐ป๐๐ถ๐ฎ๐น ๐๐ต๐ฎ๐ฟ๐ฒ๐ต๐ผ๐น๐ฑ๐ฒ๐ฟโ and a โ๐บ๐ฎ๐ท๐ผ๐ฟ ๐๐ต๐ฎ๐ฟ๐ฒ๐ต๐ผ๐น๐ฑ๐ฒ๐ฟโ?
- By : Wong Mei Ying
- Category : Company Law, Linkedin Post, Shareholders' Agreement
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 โsubstantial shareholderโ 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 โmajor shareholderโ 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)ย 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
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This post first appeared on LinkedIn on 8 June 2023.
