Clob issue sets pathway for Moiz’s corporate identity


  • Business
  • Monday, 05 Jul 2004

BY HASNI MOHD NASIR

IT was some time in early 1999 when the name Mohamed Moiz Ali Moiz made headlines in the business pages of local newspapers and across the causeway. 

Datuk Mohamed Moiz Ali Moiz

Relatively unknown at that time, the young businessman had innovatively come up with a solution for those holding Central Limit Order Book (Clob) shares, the already defunct over-the-counter (OTC) market for Malaysian shares traded on the Singapore Exchange. 

Clob shareholders had been left in a lurch when Malaysia imposed selective capital controls and the Malaysian shares traded on Clob at the Singapore Exchange had to be frozen to prevent any capital outflow. 

In a meeting with local journalists at a hotel in town in 1999, Mohamed Moiz (now a Datuk) introduced himself and unveiled his company Effective Capital Sdn Bhd's proposal for the migration of Clob shares back to the KLSE, now Bursa Malaysia.  

Thinking that he was just trying to pull a fast buck with his solution, the reporters gave him a tough time, to the extent of discussing his nationality. At one point, he even got up, pretending to take his wallet out to show his Malaysian identity card to the reporters. 

That really got everyone tickled, and from then on, Mohamed Moiz had the support of the Malaysian press until the completion of all the Clob shares. 

It is not difficult to point out that despite his family's successful trading business through Tradium Corp (that owns several high fashion boutiques at Suria KLCC), Clob has set the pathway for Mohamed Moiz's corporate destiny. 

Investors started to realise his capability, grit and determination when he saw till the end the successful completion of the scheme. 

He gained recognition of the authorities and also investors, about whom he said, “we understand their psychology, political angle, financial angle, pulse?. “  

And soon after the completion of Clob, Mohamed Moiz got started with his next venture, Bandar Raya Developments Bhd, a company he had bought from the Multi-Purpose group. 

“God gave us this rezeki from the Malaysian soil, and it is only fair that we ploughed it back into this country,” he told StarBiz in an interview at his office last week. 

Mohamed Moiz said he had chosen Bandar Raya as the company gave him exposure to two types of business he knew best – property and timber. 

“My family has always been involved in these two types of business, and I intend to develop further this expertise through a public company,” he said. 

Mohamed Moiz's great grandfather had migrated from Pakistan to Singapore where he developed the property and timber businesses. 

“My parents then moved the family over to Malaysia and we have since called this place home,” he said.  

Mohamed Moiz said he attributed his success in Clob to his uncle, Akhbar Khan, whom he looked upon for advice in every aspect of business. 

Akhbar and Mohamed Moiz, together with Abdul Sathar Abdul Kadir, own Tradium Corp, the company that also owns Effective Capital. 

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