MalaysianUpdates

Category: Capital Markets

  • CGS International spearheaded a market engagement initiative with China’s DeHeng Law Offices and Bursa Malaysia to encourage cross-border listings in Malaysia.

    CGS International spearheaded a market engagement initiative with China’s DeHeng Law Offices and Bursa Malaysia to encourage cross-border listings in Malaysia.

    CGS International Securities Malaysia Sdn. Bhd. (CGS MY) recently hosted a strategic market engagement session with DeHeng Law Offices, a leading Beijing-based cross-border law firm, and Bursa Malaysia, reinforcing Malaysia’s position as a regional capital market hub for high-growth Chinese enterprises. The session was designed to facilitate early-stage dialogue with companies from China’s new economy that are exploring regional expansion, while simultaneously creating greater opportunities for ASEAN investors to participate in their growth journeys.

    The engagement focused on enhancing understanding of Malaysia’s capital market framework, issuer readiness, and regulatory expectations, as well as providing clarity on listing pathways available on Bursa Malaysia. By addressing key considerations at an early stage, the initiative aims to support well-governed, future-ready companies in evaluating Malaysia as a viable destination for capital raising and long-term regional growth.

    Alan Inn Wei Loon, Country Head of CGS MY, highlighted CGS International’s unique position as a gateway between China and ASEAN, supported by its shareholders China Galaxy Securities and the China Investment Corporation (CIC). He noted that Malaysia’s deep liquidity pools, diversified asset base, mature capital market infrastructure and strong investor protection framework make it an attractive listing destination. CGS MY, he added, looks forward to working closely with DeHeng to intensify efforts in attracting new economy companies, enhancing their visibility among Malaysian institutional and retail investors, and facilitating cross-border growth between China, Malaysia and the wider ASEAN region.

    Echoing this sentiment, Xu Jianjun, Deputy Director of DeHeng Law Offices, emphasized the firm’s role in preparing Chinese issuers for international capital markets. Beyond regulatory compliance, he said companies must meet growing expectations around governance, sustainability and long-term value creation. Through specialized cross-border legal advisory, DeHeng aims to support market-ready issuers while ensuring mutually beneficial outcomes for both companies and Malaysia’s investment community.

    In his welcome remarks, Julian Mahmud Hashim, Chief Regulatory Officer of Bursa Malaysia, underscored Malaysia’s strengths as a stable base for companies seeking a foothold in Southeast Asia. He noted that Bursa Malaysia offers multiple listing routes for foreign companies and remains committed to supporting early-stage discussions, providing regulatory clarity and helping potential issuers progress confidently from intention to execution.

    The collaboration between CGS MY and DeHeng is focused on connecting future-ready companies from high-potential sectors such as technology, advanced manufacturing, renewable energy and consumer goods with Malaysia’s robust capital-raising ecosystem. By combining CGS MY’s regional connectivity with DeHeng’s cross-border legal expertise, the initiative aims to strengthen market understanding, improve issuer preparedness and support informed decision-making for companies considering Malaysia as their capital market destination.

  • Racing Towards Singularity: CGS International Sets the Course for an AI-Smart, High-Value Capital Market

    Racing Towards Singularity: CGS International Sets the Course for an AI-Smart, High-Value Capital Market

    CGS International Securities Malaysia Sdn. Bhd. (CGS MY) officially launched its 18th Annual Malaysia Corporate Day 2026 under the theme “Racing Towards Singularity”, convening corporate leaders, capital market participants, fund managers and government representatives to examine the structural reforms shaping Malaysia’s economic and investment future. The conference took place against the backdrop of ASEAN’s accelerating energy transition and the rapid adoption of artificial intelligence (AI), positioning the event as a key platform for dialogue on how technology and policy are reshaping capital allocation and competitiveness.

    As Malaysia enters a pivotal transition year following its ASEAN chairmanship in 2025, discussions centered on the idea of an “economic singularity” — a stage where technological advancement, particularly AI, becomes an irreversible driver of productivity and growth. With 2026 marking the execution phase of several national strategies under the Thirteenth Malaysia Plan (13MP) 2026–2030, the conference highlighted how Malaysia’s AI Nation framework is moving from policy design to real-world implementation, signaling new opportunities for investors and businesses alike.

    A keynote address titled “Racing Towards Singularity, Investing in Future Intelligence” was delivered by Yang Berbahagia (YBhg.) Tan Sri Shahril Ridza Ridzuan, Chairman of Axiata Group Berhad and Independent Non-Executive Director of CGS MY. He emphasised that AI is fundamentally redefining how value is created, with capital markets increasingly rewarding future-ready organisations that demonstrate scalable intelligence, digital resilience and long-term innovation capabilities. He also stressed that AI should be viewed as a tool to augment human potential, create new competencies and strengthen participation in a fast-evolving economy, rather than replace the workforce.

    The conference featured panel discussions and presentations covering key themes such as the Ringgit outlook, carbon tax implementation, data center development, and Carbon Capture, Utilization and Storage (CCUS). These sessions were led by CGS MY’s award-winning research team alongside listed companies and industry experts from the technology, energy and services sectors, offering market insights into how structural reforms and sustainability initiatives are influencing investment strategies.

    CGS MY’s Chief Executive Officer, Khairi Shahrin Arief bin Baki, noted that the theme reflects not only changes in the broader economy but also CGS MY’s own transformation. He highlighted the firm’s evolution from a traditional stockbroking model into an integrated financial services provider encompassing investment banking, private wealth and asset management. Leveraging its China-ASEAN heritage and extensive regional networks, CGS MY aims to connect capital with high-growth opportunities while supporting government, corporate and retail stakeholders navigating shifts in technology, sustainability and high-value industries.

    Despite ongoing global uncertainties, CGS MY reaffirmed that Malaysia’s outlook remains supported by structural reforms, improving investment quality and a clear policy direction toward innovation-led growth. As the nation races toward economic singularity, closer collaboration between government, businesses and capital markets will be critical to translating technological progress into sustainable, long-term value creation.

  • CGS MY Announces the Appointments of Khairi Shahrin Arief Baki as Chief Executive Officer and Alan Inn as Country Head

    CGS MY Announces the Appointments of Khairi Shahrin Arief Baki as Chief Executive Officer and Alan Inn as Country Head

    CGS International Securities Malaysia Sdn. Bhd. (“CGS MY”) has entered 2026 with renewed momentum following a leadership transition announced on 25 November 2025. Khairi Shahrin Arief bin Baki has assumed the role of Chief Executive Officer (CEO), while Alan Inn Wei Loon has been appointed Country Head. In their respective roles, Khairi will oversee strategic businesses and local operations, while Alan will focus on driving regional and cross-border growth, marking a significant step forward for the firm as it begins the new year.

    Khairi highlighted that Malaysia’s ASEAN Chairmanship and strong growth themes in digital technology, energy transition and healthcare helped CGS MY achieve several milestones in 2025. Looking ahead, he noted that the firm remains committed to facilitating vital partnerships and capital flows to support Malaysia’s ambitions for a high-growth, high-value economy. Leveraging CGS MY’s unique China-ASEAN heritage, the firm is well positioned to support collaborations between Malaysian and Chinese companies across sectors such as renewable energy, artificial intelligence and digital technology, spanning government-to-government, business-to-government and retail engagements.

    In 2025 alone, CGS MY executed eight Memorandums of Understanding with public and private institutions, including collaborations with Bursa Malaysia and Shanghai-based Full goal Asset Management (HK) Ltd to facilitate the listing of foreign-underlying exchange-traded funds. The firm also continued to prioritize financial inclusion, expanding its financial literacy initiatives through innovative approaches such as gamification to better engage youths and first-time investors.

    Under Khairi’s previous role as Co-Deputy CEO, CGS MY strengthened its retail, institutional and private wealth segments through innovative, market-relevant solutions, particularly in Islamic finance and Environmental, Social and Governance (ESG) offerings. One of the key highlights was the launch of fractional trading on the UP app for Bursa Malaysia’s top 30 companies — a market-first initiative aimed at improving market access and investment literacy among young adults, supported by CGS International’s award-winning research team.

    As CEO, Khairi will continue to drive strategic and operational excellence with a strong emphasis on regulatory stewardship and market expansion. He added that CGS MY is entering 2026 on solid footing, supported by favorable macroeconomic conditions including Malaysia’s low exposure to global tariff risks, stable policy environments and a steady ringgit. Against this backdrop, the firm aims to capitalize quickly on emerging opportunities early in the year.

    Meanwhile, Alan, as Country Head, will lead growth across asset and wealth management, investment banking, private equity and cross-border opportunities. Drawing on his extensive investment banking experience, Alan expressed confidence in positioning Malaysia as a premier investment destination. He noted that Malaysia continues to outperform many ASEAN peers and is well placed to support regional businesses pursuing China Plus One strategies, particularly through cross-border initiatives such as the Johor-Singapore Special Economic Zones.

    Looking ahead, CGS MY is targeting RM3 billion in assets under management within three years, driven by growing investor participation in resilient domestic sectors and the implementation of national initiatives such as the National Energy Transition Roadmap and the New Industrial Master Plan. With China continuing to lead in technology and renewable energy sectors, CGS MY aims to connect local partners with opportunities arising from China Belt and Road 2.0 initiatives through its investment banking, asset and wealth management platforms.

  • Jentayu Shareholder Requests EGM Delay as Court Case Looms

    A shareholder of Jentayu Sustainables Berhad has taken legal action to halt the company’s upcoming Extraordinary General Meeting (EGM), scheduled for 4 December 2025. In a lawsuit filed on 28 November 2025, the shareholder, Andy Lai Wee Young, is seeking to postpone the meeting on grounds that its legality — along with several proposed corporate exercises — is in question. According to a press statement from his solicitors, Mak LK & Co, Lai, who owns 1,361,000 shares in the company, filed an Originating Summons (OS) and an injunction application to restrain Jentayu from convening the “postponed” EGM or acting on any resolutions that may arise from it. The High Court has fixed the hearing for the injunction on 5 December 2025.

    Central to Lai’s legal challenge is the company’s decision to delay the EGM from its original date of 22 October 2025 to 4 December 2025. Court filings reveal that Lai disputes the board’s authority to postpone the meeting, arguing that Jentayu’s Constitution — specifically Articles 70 and 71 — does not empower directors to change the date once the notice has been issued. He contends that an adjournment can only occur after the meeting has convened and with shareholders’ consent. Since no meeting took place on 22 October, Lai maintains that the company’s decision to set a new date is invalid.

    The lawsuit also raises questions about inconsistencies involving the proxy documents and the record of depositors (ROD) date. The proxy form issued with the original notice dated 3 September 2025 referred to an ROD date of 16 October 2025. However, the rescheduled meeting uses a different ROD date — 27 November 2025 — which Lai argues could place Jentayu in breach of Bursa Malaysia’s Listing Requirements. He further highlights the company’s failure to clarify whether mandatory inspection documents, as outlined in the shareholder circular, remain accessible to shareholders until the new meeting date, potentially representing another compliance issue.

    Lai additionally criticizes Jentayu for not announcing the litigation to Bursa Malaysia despite its material impact, pointing to Paragraph 9.03 of the Listing Requirements, which mandates prompt disclosure of significant legal proceedings. He argues that shareholders and the market deserved timely notification once the suit was filed and case management began.

    Beyond the meeting date itself, Lai’s legal action challenges the validity of key resolutions to be tabled at the 4 December EGM, should it proceed. These include a proposed private placement of up to 20% of the company’s issued shares, an acquisition of equity in Jentayu Solar Sdn Bhd, and a variation in the utilization of proceeds from the company’s 2022 rights issue. Lai asserts that the disputed EGM cannot serve as a legitimate platform for decisions involving major corporate exercises, especially when he believes critical information has not been adequately disclosed.

    In view of these concerns, Lai is calling for the EGM to be deferred until the High Court reaches a decision. He argues that proceeding with the meeting amid ongoing litigation and alleged procedural irregularities would undermine corporate governance standards, compromise shareholder rights, and expose the company to additional legal complications. His legal action, he says, reflects a commitment to promoting transparency, ensuring compliance with regulatory requirements, and safeguarding the interests of all Jentayu shareholders.