Legal Opinion-Rights of Foreign Shareholders in a Malaysian Company
Hi All, I was asked by one of client to write this legal opinion in brief about the rights and powers of Foreign Shareholders in a Malaysia Company. I think it is good to share with everybody else. However please take note that this legal opinion is very brief and in general. It may somehow give general idea of the issue discussed. Case Background A foreign company from Singapore ('ABC Company') hold a 15.5% (the numbers and name are not actual) shares in a Malaysia Company. Being a foreign shareholder, ABC Company is concerned and wishes to be advised as of its rights as shareholders, its power of vote, access and read account books and records. On a separate matter, ABC Company also wishes to be enlightened on the latest ruling of Malaysian laws and regulations on FIC (Foreign Investment Committee). Issue What are the basic rights and powers of shareholders in Malaysia Company? Whether ABC Company having hold 15.5% of shares could be well protected under Malaysian Legal Syste...