What is EWOPS?

Trustee & Regulatory

Appointment of Trustee

As required by Section 91(1) of the Companies Act 1965, the invitation of the applicants in the Prospectus requires a Trustee.

Background Information

Equity Trust (Malaysia) Berhad (Company No. 610812-W) (Equity Trust) was incorporated in Malaysia on 1st April 2003 under the Companies Act 1965 and registered as a trust company under the Trust Companies Act 1949 on 9th October 2003.

Equity Trust is part of TMF Group, a global service provider in trust and corporate administration service, which has offices in 75 jurisdictions in the world.

As at 30 June 2011, the Equity Trust operation in Malaysia has the staff strength comprising of 200, out of which 70 are based in Kuala Lumpur. The background of the staffs is mostly from various professionals disciplines i.e. trust, legal, accounting and company secretarial.

The principal activity of the TMF Group is the provision of trust services including trustee and security trustee for private debt securities (PDS), trustee for unit trust funds & private trust and custodian for private fund mandate. As at 30 June 2011, the Trustee has 19 unit trust funds, 4 wholesales funds and 42 PDS issuance.

 

Share Capital

The present authorised share capital of the Trustee is RM5,000,000.00 comprising 500,000 ordinary shares of RM10.00 each of which RM360,000.00 is currently issued comprising 500,000 ordinary shares of RM10.00 each, paid up to RM5.00 in accordance with section 3(c) of the Trust Companies Act 1949.