NST Online Business Times : latest
NST Online Business Times : latest |
| IJM Corp needs nod for Scomi stake Posted: 01 Jan 2013 05:42 PM PST The proposed RM110 million bond issuance to IJM Corp will have to be approved by the shareholders of Scomi Group first The proposed bond issuance is part of the corporate restructuring exercise undertaken by Scomi Group, which will see IJM Corp emerging as the single largest shareholder in Scomi, with 25 per cent stake. IJM Corp currently has nine per cent of Scomi's outstanding shares after it subscribed to a private placement for RM33 million. To recap, IJM Corp has bought and paid for just under a 10 per cent stake in Scomi Group. As part of the deal, IJM Corp is to secure an additional 15 per cent by subscribing to RM110 million worth of debt papers to be issued by Scomi Group. The debt papers can then be converted into shares. A vote by a simple majority of Scomi Group shareholders, excluding IJM's block, is needed for the additional 15 per cent, via the debt papers, to be issued to IJM Corp. As part of the deal involving IJM Corp acquiring an initial nine per cent in Scomi Group in September, the two parties agreed that Scomi Group will issue an additional RM110 million worth of debt papers to IJM Corp, which can be converted into another 15 per cent of equity in Scomi Group. "This will put IJM Corp firmly in control of Scomi Group," he told Bernama. The Securities Commission had, via its letter dated Dec 13, 2012, approved the proposed bonds issue. The observer said Scomi Group Chief Executive Officer Shah Hakim Zain and his related party have emerged as the owners of significant blocks of shares in the group and will have a strong say in the coming extraordinary general meeting. Shah Hakim Group now has 51 per cent of the voting rights to push through the proposed issuance of RM110 million redeemable convertible secured bonds to IJM Corp. Shah Hakim and IJM Corp together owned 15.5 per cent of Scomi's share base. However, IJM Corp is not entitled to vote in the coming extraordinary general meeting as it is an interested party to the deal, he added. Scomi Group has not announced when the meeting will be held. -- Bernama |
| Posted: 01 Jan 2013 05:23 PM PST CIMB Bank recently launched a revamped CIMB Clicks, the bank's Internet banking portal. Besides sporting a fresh new look, more importantly, customers will have an overall improved online experience when performing their banking transactions via CIMB Clicks. "The major revamp was done with our customers' needs and convenience in mind. We went through great lengths to evaluate their feedback, and armed with that knowledge, we looked into improving the overall user-friendliness and features of CIMB Clicks, including reducing the number of clicks required to arrive at a service, providing quicker access to information, enabling customisable preferences and introducing new online services," said Renzo Viegas, Deputy Group Chief Executive Officer and Head of Consumer Banking, CIMB Group. "It was also timely to give the portal a face-lift, as the last revamp was back in 2009," he added.
• New services, such as OctoPay (ASEAN's first banking service on Facebook), foreign currency fixed deposits placement and foreign currency current account funds transfer, Tune Talk auto reload and online gold trading. Customers are also able to manage their unit trust investments via CIMB Clicks eInvest at attractive rates. • Once logged in, it only takes one click to view all account balances (or zero click to view up to two favourite account balances); • Quick funds transfer can be done without navigating away from the home page; • Regrouping of services, such as users are now able to schedule their transaction within the transfer page; and for interbank funds transfer, instant transfer and normal transfer are now combined into one page; • Customise up to six shortcuts for favourite transactions and activities on the home page; An online survey ran by the bank to assess customers' receptivity to the revamped CIMB Clicks garnered over 32,000 responses, of which 85% were positive, indicating that they love the new design, it is more user-friendly and packed with features. "The revamped CIMB Clicks and the launch of OctoPay recently are some examples of initiatives rolled out to help maintain our 20% year-on-year increase in new CIMB Clicks users," Viegas stated. According to Ernst & Young's Global Consumer Banking Survey 2012, internet banking is now customers' preferred way to access account information. The huge success of online banking can be attributed to its convenience and accessibility – customers can decide when they interact with their bank. Internet banking is
In line with that, the bank intends to generate interest among its CIMB Clicks users to use the online portal as the preferred banking channel, as well as encourage its existing customers who are not utilising its online banking services to register as a CIMB Clicks user. Currently, more than half of the bank's 6.9 million customer base in Malaysia are registered CIMB Clicks users. Since CIMB Clicks was developed in 2006, it now has a total of 3.6 million users in Malaysia with an average monthly volume of 3.5 million monetary transactions. Additionally, there are approximately 500,000 CIMB Clicks application downloaded onto iPhone, iPad and Android-based devices. To experience the new and improved CIMB Clicks, visit www.cimbclicks.com.my. -- Bernama
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