Bursa Anywhere app now has eGO feature


Bursa Malaysia CEO Datuk Muhamad Umar Swift

KUALA LUMPUR: Bursa Malaysia Bhd has introduced a new feature called electronic General Offer (eGO) to its Bursa Anywhere mobile application (app).

In a statement today, the exchange said eGO is aimed at providing convenience to investors by fast-tracking their general offer applications.

Previously, investors were required to submit a transfer form to their brokers in order to transfer the securities and followed by the submission of an offer document for the acceptance of the offer.

"Now all applications and submission of documents can be performed via eGo.

"The shareholders no longer need to physically go to their brokers, or deal with the traditional method of delivering the physical transfer form to the broker for transfer execution, and share registrar for submission of the offer document,” it said.

Bursa chief executive officer Datuk Muhamad Umar Swift said the new feature is timely as the COVID-19 outbreak had prompted most investors to switch to electronic investing options for improved security and convenience.

"It also offers investors tremendous cost and time savings by providing secure access to investment opportunities and services anytime anywhere, in line with the evolving demands of modern investors,” he said.

Bursa Anywhere was developed to provide investors ease of accessibility in managing their central depository system (CDS) accounts remotely.

The eGO feature complements the mobile app’s existing extensive services, such as facilitating CDS account openings, rights issue subscriptions, as well as reactivation of dormant and inactive CDS accounts.

The app has garnered over 210,000 downloads since its release in June 2019. - Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Global airlines prepare for Omicron volatility, agility will be key
Pharmaniaga allocates RM295mil for FY22 capex
Producer price index hits new record in October 2021 after surging 13.2%
Md Alwi appointed MDEC chairman
Bintai Kinden signs MoU for RM700mil GDV development near KLIA
Awanbiru inks RM79.89mil deal for supply of Google workspace solutions
Petronas awards feed contracts for Sabah's nearshore LNG project
Cagamas concludes pricing of RM4bil worth of bonds, sukuk
Malaysia's November manufacturing PMI rises to 52.3
Asian factories shake off supply headaches but Omicron presents new risks

Others Also Read


Vouchers