Scrutinising private placements

Given that the market situation appears under control, Minority Shareholders Watch Group chief executive officer Devanesan Evanson said there is justification for a scale back of the relaxation.

PETALING JAYA: Shareholders of companies that have conducted large share issuances through private placements should conduct an assessment on the benefit those shares have brought to their company.

With the leeway for companies to issue more than 10% of their shares in a placement ending at the end of this year, experts said companies will have to be accountable for the value that these placements have brought to the firm.