Is takeover code ripe for a change?

Easy access: The depressed share prices of public-listed companies due to Covid-19 have technically helped make it easier to carry out M&As.

RECENT privatisation attempts which have failed to be completed have raised the issue of whether Malaysia’s takeover code is in need of a revamp.

It is understood that some company owners and advisers have been grumbling about the strictness of the current rules. Their argument is that the rules ought to be relooked at considering that the current climate needs more merger and acquisition (M&A) activities to build stronger companies to emerge from the Covid-19 doldrums.