Account Opening

To trade online, you will need to open a trading account and a CDS account with us. You are required to sign the forms before a Dealer Representative or Customer Representative, as witness to your signature is necessary when opening an account for the first time.

You must be at least 18 years of age and must not be an undischarged bankrupt. A trading limit will be assigned to all approved accounts, subject to our prevailing credit policy. Depending on the type of account opened, you may be required to furnish a minimum initial deposit or produce the proof of income. The actions required are as stated below :

1.  Open a Trading Account - downloads form
2.  Open a CDS Account - 

•  MCD (Malaysian Central Depository) Application of Account Opening Form
•  Specimen Signature Cards (two copies)

 You are required to attach :

1. Three (3) legible copies of your I/C (front and back portion on same page of A4 size paper) one (1) for Individual Account Application two (2) for Opening of CDS account 2. One (1) of the following supporting documents for Individual Account Application Income tax returns for the past three (3) years (Form J/EA); or Latest three (3) months' salary slips; or Copy of Current/ Savings account. 3. RM10 for opening the CDS account with MCD Note : For foreign citizens, please produce three (3) legible copies of your passport and kindly note that you are required to comply with the foreign exchange rules and regulation stipulated by Bank Negara Malaysia (BNM). If you are residing overseas, you will have to send your application form (duly completed and signed), together with the required supporting documents verified by a Notary Public. Thereafter, please call or email me for further action.

Share Capital

A share is a security which represents a portion of the owner's capital in a business. Shareholders are the owners of the business and share the success or failure of the business. The performance of the business can often be measured by the amount of dividends shareholders receive and by the price of the share, quoted on the stock market. (Shares are also commonly refered to as stock).

The different types of shares which are traded on Bursa Malaysia include:

1. Ordinary Shares

   Also called equity shares, this is the risk capital of a company. Ordinary shares give holders the rights of ownership in the company, such as the right to share in the profits, the right to vote in general meetings and to elect and dismiss directors. Obligations of ownership are also conferred and this may result in the loss of an investor's money if the company is unsuccessful. Ordinary shares usually form the bulk of a company's capital and have no special rights over other shares. In the event of liquidation, ordinary shares rank after all other liabilities of the company.

2. Preference Shares

   These are shares which carry the right to dividend (normally fixed) which ranks for payment before that of ordinary shareholders. Preference shares may be preferred also as regards to distribution of assets upon dissolution of the company.
   
   Preference shares generally carry no voting rights, but voting rights may be made contingent upon failure to pay dividends on preference shares for a certain period of time.
   
   There are various types of preference shares:
   1. Participating preference shares are entitled to participate in the profits beyond the fixed dividends, by way of an additional fluctuating dividend if the company is successful.
   2. Cumulative preference shares are preference shares which, apart from having a preferential right to receive a fixed dividend ahead of ordinary shares, also carry the right of any arrears of the preference dividends which may have built up.
   3. Non-cumulative preference shares are preference shares which are not entitled to any arrears in dividends.
   4. Redeemable preference shares may be redeemed by the company at a stated redemption price on advance notice of a period of time. It is usual to set a redemption price above the par value to compensate the owner for the involuntary loss of his investment.
   5. Convertible preference shares are preference shares which carry the right to be made convertible, at the option of the holder, into another class of shares, normally into ordinary shares.