In our earlier article “Preparing for a Successful IPO”, we mentioned that a Pre-IPO Diagnostic is a position assessment done on the company, focusing on its readiness to embark into the IPO exercise. This is also the most cost-effective way for a company to understand itself, allowing the management to weigh the cost and benefits…
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While many companies want to be public listed, majority of these companies did not prepare for the IPO exercise. In fact, many of the companies failed the Pre-IPO Diagnostic, which is an assessment done on the company as to their readiness towards an IPO exercise. From our experience, most companies failed the Pre-IPO Diagnostic because…
There are many reasons why the owners of the private companies are willing to go through the vigorous IPO exercise to get their company listed in the stock exchange. While monetary gains are mostly the expectations, let us explore the other advantages and disadvantages a public listed company may have:- Advantages of IPO Better market…
We all know that there are certain criteria for a private owned company to achieve the status of a public listed company. This status separates smaller companies from the big players. In this article, we will provide the general requirements that a private owned company to have before it should even consider going for the…
What does IPO mean? It refers to the process of offering shares of a privately-owned company for sale to the general public. The first time these shares are offered is called IPO. There are various reasons as to why a company wants to go for IPO, where the more common ones as follows:- 1. Fund…
Introduction to Withholding Tax As the name goes, Withholding tax means an amount, representing the tax portion of an income of a non-resident recipient, withheld by the payer in Malaysia, and paid directly to the Inland Revenue Board of Malaysia. The above sounds very confusing. Let’s dissect the paragraph into smaller parts to get a…
Recommended Audit Fee in Malaysia The Malaysian Institute of Accountants (“MIA”), had in 2010, issued a Recommended Practice Guide 7 (Revised) on the charging of audit fees. This is a replacement to the earlier practice guide issue in 2007. All auditors in Malaysia are required to abide by this practice guide. Purpose The MIA issued…
This article is for general informational purposes only. It must not be used as a consideration for decision making purposes due to specific nature of different businesses. We recommend that you contact us for a non-obligatory consultation before making any decision in such exercise. Businesses in the US and Europe have long been using offshore…
Following KLM’s extremely popular article, Malaysia’s Budget 2010, we’re bringing you new highlights of Malaysia’s 2011 Budget this year. For the year 2011, there are some notable changes that the Rakyat should look at. Personal & People’s Budget 2011 Exemption on sales tax for all Mobile Phones Service tax raised from 5% to 6% Service…
With the recent trend in rising property prices, many people have started investing in properties, mainly residential, for rental and/or capital appreciation. Property investments were previously accessible to the richer and older individuals who have substantial savings, but now, with innovative financing packages offered by banks and developers, buying properties by young adults are made…
