Sc Must Address The Elephant In Ram Holding S Room


 CTOS’ assurances only hint at powers available through majority control.
Editorial
Despite CTOS Digital’s attempt to placate the public by saying that it will respect the independence and integrity of RAM Holdings in all matters, market watchers remain sceptical.
In a press statement issued last Thursday, the company sought to assure that it will respect RAM Holdings’ independence and integrity by not getting involved in ratings-related decisions or operational matters. It also said it will not seek to control the ratings agency’s board of directors or any of its financial decisions.
Perhaps the Securities Commission Malaysia was won over by these assurances. However, they fail to address the elephant in the room. In reality, all these assurances do is hint at various powers at the disposal of a shareholder with majority control.
Prior to RAM Holdings’ AGM on June 9, its constitution only allowed shareholders to own a maximum 20% stake in the company. That threshold was set by Bank Negara Malaysia (BNM) in 1990 with the obvious intention of restricting any one shareholder from acquiring a dominant stake in the ratings agency.
That being the case, SC ought to disclose whether BNM’s views were sought prior to granting the approval.
What is alarming is that the regulatory body’s approval did not merely allow CTOS Digital to breach the shareholding threshold. It also set the course for a dramatic change in the ownership structure of the ratings agency by paving the way for CTOS Digital to acquire a dominant majority stake.
This is clearly reflected by the fact that the SC also waived the requirement for CTOS Digital to secure further approvals for subsequent share acquisitions.
Several financial institutions are among the smaller shareholders who have been significantly impacted by this. That being so, the regulatory body should disclose whether they were consulted prior to granting the approval.
It is quite telling that Public Bank and Deutsche Bank opposed the vote. Has the SC inquired into why they took this position?
Market watchers will also be keen to know what mechanisms the SC has put in place to ensure that CTOS Digital abides by its assurances. Presently, there appears to be no legal impediment to CTOS Digital taking actions contrary to the assurances given.
Properly, any approval ought to be accompanied by restrictions with a requirement that particular provisions be entrenched in the company’s constitution.
SC must disclose what restrictions were placed on the approval granted to CTOS Digital and if these are to be entrenched in RAM Holdings’ constitution. - FMT


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2025/06/sc-must-address-elephant-in-ram.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Chinese People Must Read Shit Storm Enveloping Penang The Dumb Party Has To Really Take Stock

Chinese People Must Read Shit Storm Enveloping Penang The Dumb Party Has To Really Take Stock

papar berkaitan - pada 14/6/2025 - jumlah : 297 hits
Indeed that Dumb Party really has to stake stock Yesterday was a terrible day for democracy in this country The Court has basically ruled that a young man has been framed And looking at the people who he is up against who are still struttin...
Bnm Must Investigate Banks Role In Ram Holdings Saga

Bnm Must Investigate Banks Role In Ram Holdings Saga

papar berkaitan - pada 18/6/2025 - jumlah : 149 hits
Banks must explain support for CTOS majority stake acquisition which may compromise financial infrastructure EditorialApart from the finance ministry and the Securities Commission Bank Negara Malaysia ought to inquire into why CTOS Digital ...
The Racial Discount Comedy

The Racial Discount Comedy

papar berkaitan - pada 11/6/2025 - jumlah : 165 hits
The Indian Muslim property discount is the funniest racial plan ever hatched in Malaysia We ve heard about having an Indian Muslim prime minister before but even he didn t dare push for such a policy Instead it was the Penang state governme...
Navigate The World Of Online Business

Navigate The World Of Online Business

papar berkaitan - pada 11/6/2025 - jumlah : 294 hits
Top Ways to Navigate the World of Online Business E commerce and Digital Entrepreneurship Starting an online business can feel like riding a roller coaster exciting unpredictable and sometimes a little scary In this guide we dive into every...
Goat Grazes On Grass High Above On Power Line Glitch In The Matrix

Goat Grazes On Grass High Above On Power Line Glitch In The Matrix

papar berkaitan - pada 11/6/2025 - jumlah : 262 hits
A BIZZARE video recently captured the attention of social media users showing a goat perched on an overhead power line The incident thought to have occurred somewhere in Indonesia was filmed from a moving vehicle on a busy roadway In the sh...
The Simple Ways Of Healthy Living

The Simple Ways Of Healthy Living

papar berkaitan - pada 11/6/2025 - jumlah : 238 hits
A healthy brain is a healthy bodyMaintaining good health has always been a prime interest of mine and it seems to have worked really well so far I did have my run ins with the odd condition but always managed to shake them off with lifestyl...
Mps Have The Right To Criticise Their Own Party

Mps Have The Right To Criticise Their Own Party

papar berkaitan - pada 11/6/2025 - jumlah : 200 hits
YOURSAY PKR is on the path towards self destruction under Anwar EmEmKay In the realm of politics the pressures can be overwhelming As representatives politicians often bear the weight of their constituents hopes and frustrations A holiday e...
Glaring Gap In The System Of Dealing With Financial Crime

Glaring Gap In The System Of Dealing With Financial Crime

papar berkaitan - pada 11/6/2025 - jumlah : 247 hits
The lack of a clear standard for when economic deception rises to the level of prosecutable crime highlights the need for urgent reforms raises serious criminological concerns about the enforcement of Section 420 of the Penal Code which cri...
6 Ditahan Kes Mayat Wanita Dalam Mpv Penembak Anggota Polis Masih Bebas

Sakit Kepala Punca Simptom Dan Cara Melegakan Secara Semula Jadi

Pencipta Kandungan Terima Kiriman Kepala Babi

Puji Sedap Lelaki Algeria Terus Jadi Ketagih Lepas Cuba Teh Tarik

China Displays Five New Ucavs

Sedarkah Kita Syirikkan Allah

Speedy Tigers Akhiri Kempen Piala Asia 2025 Di Tempat Ketiga

Audi Driver Crashes Into 2 Police Motorbikes Tests Positive For Alcohol


echo '';
Info Dan Sinopsis Drama Berepisod Dendam Seorang Madu Slot Tiara Astro Prima

10 Fakta Biodata Amira Othman Yang Digosip Dengan Fattah Amin Penyanyi Lagu Bila Nak Kahwin

5 Tips Macam Mana Nak Ajak Orang Kita Suka Dating Dengan Kita

Info Dan Sinopsis Drama Berepisod Keluarga Itu Slot Lestary TV3

Bolehkah Manusia Transgender Mencapai Klimaks Selepas Bertukar


Dahulu Pergi Sekarang Tidak Lagi

Kalau Tak Kemas Mesti Tak Jumpa

Kerajaan Pihak Industri Perlu Bertindak Metro Ahad 07 09 2025

Telefilem Jersi 45

Cara Mudah Masak Murtabak Mi Segera Sedap Resipi Padu Untuk Orang Bujang

Minda Segar Jiwa Yang Bertumbuh