{"id":2554,"date":"2025-05-03T02:33:10","date_gmt":"2025-05-02T18:33:10","guid":{"rendered":"https:\/\/www.vslaw.com.my\/?p=2554"},"modified":"2025-07-20T22:55:55","modified_gmt":"2025-07-20T14:55:55","slug":"how-to-control-a-company-with-minimal-shareholding","status":"publish","type":"post","link":"https:\/\/www.vslaw.com.my\/zh\/how-to-control-a-company-with-minimal-shareholding\/","title":{"rendered":"SSM \u4e2d\u7684 A \u80a1\u548c B \u80a1\u4ee5\u53ca\u5982\u4f55\u7528\u6700\u5c11\u7684\u80a1\u4efd\u63a7\u5236\u516c\u53f8"},"content":{"rendered":"<div class=\"wp-block-uagb-container uagb-block-0a15d8bc alignfull uagb-is-root-container\"><div class=\"uagb-container-inner-blocks-wrap\">\n<div class=\"wp-block-uagb-info-box uagb-block-82679572 uagb-infobox__content-wrap  uagb-infobox-icon-above-title uagb-infobox-image-valign-top\"><div class=\"uagb-ifb-content\"><div class=\"uagb-ifb-title-wrap\"><span class=\"uagb-ifb-title-prefix\"><em>Written on May 3, 2025 by Abigail Kung<\/em><br><\/span><h1 class=\"uagb-ifb-title\">SSM \u4e2d\u7684 A \u80a1\u548c B \u80a1\u4ee5\u53ca\u5982\u4f55\u7528\u6700\u5c11\u7684\u80a1\u4efd\u63a7\u5236\u516c\u53f8<\/h1><\/div><\/div><\/div>\n\n\n\n<p style=\"text-align: justify;\">\u9a6c\u6765\u897f\u4e9a\u300a2016 \u5e74\u516c\u53f8\u6cd5\u300b\u5bf9\u9a6c\u6765\u897f\u4e9a\u516c\u53f8\u6cd5\u8fdb\u884c\u4e86\u91cd\u5927\u4fee\u6539\uff0c\u5305\u62ec\u53ef\u4ee5\u53d1\u884c\u5177\u6709\u4e0d\u540c\u6743\u5229\u548c\u7279\u6743\u7684\u4e0d\u540c\u7c7b\u522b\u7684\u80a1\u4efd<sup>1<\/sup>\u3002\u8fd9\u4e3a A \u80a1\u548c B \u80a1\u7b49\u7ed3\u6784\u94fa\u5e73\u4e86\u9053\u8def\uff0c\u4f7f\u521b\u59cb\u4eba\u548c\u4e3b\u8981\u5229\u76ca\u76f8\u5173\u8005\u5373\u4f7f\u6301\u6709\u6781\u5c11\u7684\u80a1\u4efd\u4e5f\u80fd\u4fdd\u7559\u5bf9\u516c\u53f8\u7684\u63a7\u5236\u6743\u3002\u672c\u62a5\u544a\u6df1\u5165\u63a2\u8ba8\u4e86 A \u80a1\u548c B \u80a1\u7684\u7279\u70b9\uff0c\u63a2\u8ba8\u4e86\u4ee5\u6700\u4f4e\u6301\u80a1\u6bd4\u4f8b\u63a7\u5236\u516c\u53f8\u7684\u7b56\u7565\uff0c\u5e76\u7814\u7a76\u4e86\u4e0e\u6b64\u7c7b\u7ed3\u6784\u76f8\u5173\u7684\u6f5c\u5728\u98ce\u9669\u548c\u5f0a\u7aef\u3002<\/p>\n<p style=\"text-align: justify;\"><strong>\u300a2016\u5e74\u516c\u53f8\u6cd5\u300b\u4e0b\u7684\u4e0d\u540c\u7c7b\u578b\u80a1\u4efd\u3002<br \/><\/strong>\u300a2016\u5e74\u516c\u53f8\u6cd5\u300b\u8ba4\u53ef\u591a\u79cd\u7c7b\u578b\u7684\u516c\u53f8\uff0c\u5305\u62ec\u79c1\u4eba\u6709\u9650\u516c\u53f8\uff08Sdn Bhd\uff09\u3001\u516c\u4f17\u6709\u9650\u516c\u53f8\uff08Berhad\uff09\u3001\u80a1\u4efd\u6709\u9650\u516c\u53f8\u6216\u62c5\u4fdd\u6709\u9650\u516c\u53f8\uff0c\u4ee5\u53ca\u65e0\u9650\u516c\u53f8<sup>1<\/sup>\u3002\u8be5\u6cd5\u4ee4\u5f15\u5165\u7684\u4e00\u9879\u663e\u8457\u53d8\u9769\u662f\u7b80\u5316\u4e86\u516c\u53f8\u7c7b\u522b\uff0c\u5c24\u5176\u662f\u5bf9\u79c1\u4eba\u6709\u9650\u516c\u53f8\u800c\u8a00\uff0c\u5982\u4eca\u5176\u6240\u53d7\u7684\u9650\u5236\u548c\u8981\u6c42\u8f83\u4ee5\u5f80\u66f4\u4e3a\u5bbd\u677e<sup> 1<\/sup>.<\/p>\n<p style=\"text-align: justify;\"><strong>\u666e\u901a\u80a1\u4e0e\u4f18\u5148\u80a1<\/strong><br \/>\u8be5\u6cd5\u4ee4\u5141\u8bb8\u516c\u53f8\u53d1\u884c\u4e0d\u540c\u7c7b\u522b\u7684\u80a1\u4efd\uff0c\u6bcf\u4e00\u7c7b\u522b\u53ef\u4eab\u6709\u4e0d\u540c\u7684\u6743\u5229<sup>2<\/sup>\u3002\u8fd9\u79cd\u7075\u6d3b\u6027\u4f7f\u516c\u53f8\u53ef\u4ee5\u8bbe\u7acbA\u7c7b\u80a1\u548cB\u7c7b\u80a1\u7b49\u7ed3\u6784\uff0c\u6bcf\u4e00\u7c7b\u80a1\u4efd\u53ef\u5177\u6709\u4e0d\u540c\u7684\u8868\u51b3\u6743\u3001\u5206\u7ea2\u4f18\u5148\u6743\u53ca\u5176\u4ed6\u7279\u6743\u3002\n\n\u867d\u7136\u201c\u4e00\u80a1\u4e00\u7968\u201d\u7684\u539f\u5219\u901a\u5e38\u9002\u7528\u4e8e\u666e\u901a\u80a1\uff0c\u4f46\u516c\u53f8\u53ef\u4ee5\u901a\u8fc7\u5176\u7ae0\u7a0b\u8fdb\u884c\u7279\u522b\u5b89\u6392\uff0c\u8d4b\u4e88\u67d0\u4e00\u7c7b\u522b\u7684\u666e\u901a\u80a1\u8f83\u9ad8\u7684\u8868\u51b3\u6743\u91cd\uff0c\u5373\u5b9e\u884c\u52a0\u6743\u8868\u51b3\u6743\u5236\u5ea6\uff0c\u4f7f\u5176\u62e5\u6709\u6bd4\u5176\u4ed6\u7c7b\u522b\u666e\u901a\u80a1\u66f4\u591a\u7684\u8868\u51b3\u6743<sup>3<\/sup>\u3002\u8fd9\u5728\u300a2016\u5e74\u516c\u53f8\u6cd5\u300b\u7b2c69(d)\u6761\u4e2d\u6709\u660e\u786e\u89c4\u5b9a\uff0c\u6761\u6587\u6307\u51fa\uff0c\u516c\u53f8\u80a1\u4efd\u53ef\u4ee5\u8d4b\u4e88\u7279\u522b\u3001\u6709\u9650\u6216\u6709\u6761\u4ef6\u7684\u8868\u51b3\u6743<sup>3<\/sup>.<br \/>\u3002\u82e5\u5728\u80a1\u4efd\u53d1\u884c\u65f6\u5df2\u8bbe\u5b9a\u76f8\u5173\u6761\u6b3e\uff0c\u5e76\u5728\u516c\u53f8\u7ae0\u7a0b\u4e2d\u8f7d\u660e\uff0c\u666e\u901a\u80a1\u53ef\u88ab\u8f6c\u6362\u4e3a\u4f18\u5148\u80a1<sup>2<\/sup>\u3002\u7136\u800c\uff0c\u516c\u53f8\u4e0d\u5f97\u5c06\u6240\u6709\u5df2\u53d1\u884c\u7684\u666e\u901a\u80a1\u8f6c\u6362\u4e3a\u4f18\u5148\u80a1\uff0c\u56e0\u4e3a\u6839\u636e\u6cd5\u5f8b\u89c4\u5b9a\uff0c\u516c\u53f8\u81f3\u5c11\u987b\u4fdd\u7559\uff081\uff09\u80a1\u5df2\u53d1\u884c\u7684\u666e\u901a\u80a1\u3002 <sup>2<\/sup>.<\/p>\n<p style=\"text-align: justify;\"><strong>\u65e0\u9762\u503c\u5236\u5ea6<\/strong><br \/>\u300a2016\u5e74\u516c\u53f8\u6cd5\u300b\u5f15\u5165\u7684\u53e6\u4e00\u9879\u91cd\u5927\u53d8\u9769\u662f**\u80a1\u4efd\u65e0\u9762\u503c\u5236\u5ea6\uff08No-Par Value Regime\uff09**\u7684\u5b9e\u65bd<sup>1<\/sup>\u3002\u8be5\u5236\u5ea6\u7b80\u5316\u4e86\u80a1\u4efd\u53d1\u884c\u7a0b\u5e8f\uff0c\u5e76\u4e3a\u516c\u53f8\u5728\u7ba1\u7406\u80a1\u672c\u65b9\u9762\u63d0\u4f9b\u4e86\u66f4\u5927\u7684\u7075\u6d3b\u6027\u3002\u5728\u6b64\u5236\u5ea6\u4e0b\uff0c\u80a1\u4efd\u7684\u8d27\u5e01\u4ef7\u503c\u662f\u6839\u636e**\u53d1\u884c\u65f6\u5b9e\u7f34\u8d44\u672c\uff08paid-in capital\uff09**\u6240\u51b3\u5b9a\u7684\uff0c\u800c\u975e\u7531\u56fa\u5b9a\u7684\u9762\u503c\u6240\u8bbe\u5b9a<sup>1<\/sup>.<\/p>\n<p style=\"text-align: justify;\"><strong>\u80a1\u4efd\u53d1\u884c\u6388\u6743<br \/><\/strong>\u914d\u53d1\u80a1\u4efd\u3001\u8d4b\u4e88\u8ba4\u8d2d\u6743\u3001\u8bc1\u5238\u8f6c\u6362\u4e3a\u80a1\u4efd\u53ca\u6839\u636e\u534f\u8bae\u3001\u671f\u6743\u6216\u8981\u7ea6\u914d\u53d1\u80a1\u4efd\u7684\u4e00\u822c\u6027\u6743\u529b\uff0c\u987b\u7531\u80a1\u4e1c\u901a\u8fc7\u51b3\u8bae\u6388\u4e88\u8463\u4e8b <sup>4<\/sup>\u3002\u7136\u800c\uff0c\u53d1\u884c\u80a1\u4efd\u7684\u6743\u529b\u901a\u5e38\u5f52\u5c5e\u516c\u53f8\u8463\u4e8b\u884c\u4f7f\uff0c\u4f46\u8463\u4e8b\u5728\u884c\u4f7f\u8be5\u6743\u529b\u65f6\uff0c\u987b\u9075\u5faa\u6cd5\u5b9a\u7a0b\u5e8f\uff0c\u5e76\u786e\u4fdd\u4e0d\u8fdd\u53cd\u516c\u53f8\u7ae0\u7a0b\u4e2d\u7684\u4efb\u4f55\u9650\u5236 <sup>1<\/sup>.<strong><br \/><\/strong><\/p>\n<p style=\"margin: 0cm 0cm 6pt; text-align: justify;\"><strong><span style=\"color: #1b1c1d;\">A\u7c7b\u80a1\u4e0eB\u7c7b\u80a1\u7684\u7279\u5f81\u4e0e\u8868\u51b3\u6743<br \/><\/span><\/strong><span style=\"color: #1b1c1d;\">\u867d\u7136\u9a6c\u6765\u897f\u4e9a\u516c\u53f8\u6cd5\u5e76\u672a\u660e\u6587\u754c\u5b9a\u201cA\u7c7b\u80a1\u201d\uff08Share A\uff09\u4e0e\u201cB\u7c7b\u80a1\u201d\uff08Share B\uff09\u7684\u6982\u5ff5\uff0c\u4f46\u8fd9\u4e9b\u672f\u8bed\u5728\u5b9e\u52a1\u4e2d\u88ab\u5e7f\u6cdb\u7528\u4e8e\u8868\u793a\u5177\u6709\u4e0d\u540c\u6743\u5229\u7684\u80a1\u4efd\u7c7b\u522b<sup>3<\/sup>\u3002\u901a\u5e38\uff0cA\u7c7b\u80a1\uff08Share A\uff09\u88ab\u8d4b\u4e88\u8f83\u9ad8\u7684\u8868\u51b3\u6743\uff0c\u5e76\u7531\u521b\u529e\u4eba\u6216\u6838\u5fc3\u9ad8\u7ba1\u6301\u6709\uff0c\u4ee5\u4fbf\u5728\u516c\u53f8\u4e2d\u7ef4\u6301\u5176\u63a7\u5236\u6743<sup>5<\/sup>\u3002\u76f8\u6bd4\u4e4b\u4e0b\uff0cB\u7c7b\u80a1\uff08Share B\uff09\u901a\u5e38\u62e5\u6709\u8f83\u5c11\u7684\u8868\u51b3\u6743\uff0c\u751a\u81f3\u4e0d\u5177\u8868\u51b3\u6743\uff0c\u5e76\u5e38\u7528\u4e8e\u5411\u6295\u8d44\u8005\u6216\u516c\u4f17\u53d1\u884c<sup>5<\/sup>.<\/span><span style=\"color: #1b1c1d;\"><br \/>A\u7c7b\u80a1\u4e0eB\u7c7b\u80a1\u7684\u5177\u4f53\u7279\u5f81\uff0c\u5305\u62ec\u6bcf\u80a1\u6240\u4eab\u6709\u7684\u8868\u51b3\u6743\u6570\u91cf\u3001\u5206\u7ea2\u4f18\u5148\u6743\u3001\u8d4e\u56de\u6743\u5229\u53ca\u5176\u4ed6\u76f8\u5173\u6761\u6b3e\uff0c\u5747\u5e94\u7531\u516c\u53f8\u7ae0\u7a0b\u52a0\u4ee5\u89c4\u5b9a<sup>3<\/sup>\u3002\u6839\u636e\u300a2016\u5e74\u516c\u53f8\u6cd5\u300b\u7b2c90(1)\u6761\u7684\u89c4\u5b9a\uff0c\u82e5\u516c\u53f8\u8bbe\u6709\u4e0d\u540c\u7c7b\u522b\u7684\u80a1\u4efd\uff0c\u5176\u516c\u53f8\u7ae0\u7a0b\u5fc5\u987b\u6e05\u695a\u4e14\u663e\u8457\u5730\u8f7d\u660e\u6bcf\u4e00\u7c7b\u522b\u80a1\u4efd\u6240\u9644\u5e26\u7684\u8868\u51b3\u6743<sup>3<\/sup>\u3002\u4f8b\u5982\uff0c\u4e00\u5bb6\u516c\u53f8\u53ef\u80fd\u4f1a\u53d1\u884cA\u7c7b\u80a1\uff0c\u6bcf\u80a1\u62e5\u670910\u7968\u8868\u51b3\u6743\uff0c\u4ee5\u53caB\u7c7b\u80a1\uff0c\u6bcf\u80a1\u4ec5\u62e5\u67091\u7968\u8868\u51b3\u6743\uff0c\u4ece\u800c\u4f7f\u6301\u6709A\u7c7b\u80a1\u7684\u80a1\u4e1c\u5728\u516c\u53f8\u51b3\u7b56\u4e2d\u62e5\u6709\u66f4\u5927\u7684\u5f71\u54cd\u529b<sup>6<\/sup>.<br \/><\/span><span style=\"color: #1b1c1d;\">\u8be5\u80a1\u6743\u7ed3\u6784\u4f7f\u521b\u529e\u4eba\u53ca\u5173\u952e\u5229\u76ca\u76f8\u5173\u8005\u5373\u4f7f\u5728\u6574\u4f53\u6301\u80a1\u6bd4\u4f8b\u8f83\u4f4e\u7684\u60c5\u51b5\u4e0b\uff0c\u4ecd\u80fd\u4fdd\u6709\u5bf9\u516c\u53f8\u7684\u63a7\u5236\u6743\u3002<\/span><\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #1b1c1d;\">\u4f4e\u6301\u80a1\u63a7\u5236\u6743\u7684\u7b56\u7565\u4e0e\u6cd5\u5f8b\u7ed3\u6784<br \/><\/span><\/strong><span style=\"color: #1b1c1d;\">\u9664\u4e86\u8fd0\u7528\u5177\u6709\u4e0d\u540c\u8868\u51b3\u6743\u7684A\u7c7b\u80a1\u4e0eB\u7c7b\u80a1\u7ed3\u6784\u4e4b\u5916\uff0c\u6839\u636e\u9a6c\u6765\u897f\u4e9a\u516c\u53f8\u6cd5\uff0c\u8fd8\u6709\u591a\u79cd\u5176\u4ed6\u7b56\u7565\u4e0e\u6cd5\u5f8b\u673a\u5236\u53ef\u4f7f\u6301\u80a1\u6bd4\u4f8b\u8f83\u4f4e\u7684\u80a1\u4e1c\u5b9e\u73b0\u5bf9\u516c\u53f8\u7684\u6709\u6548\u63a7\u5236\uff1a<br \/><br \/><span style=\"color: #1b1c1d;\">\u25cf <strong>\u80a1\u4e1c\u534f\u8bae<\/strong> \u80a1\u4e1c\u534f\u8bae\u53ef\u660e\u786e\u89c4\u5b9a\u7279\u5b9a\u7684\u63a7\u5236\u673a\u5236\u4e0e\u51b3\u7b56\u7a0b\u5e8f\uff0c\u4ece\u800c\u4f7f\u7279\u5b9a\u80a1\u4e1c\u5728\u6301\u80a1\u6bd4\u4f8b\u8f83\u4f4e\u7684\u60c5\u51b5\u4e0b\uff0c\u4ecd\u53ef\u4eab\u6709\u66f4\u5927\u7684\u5f71\u54cd\u529b\u4e0e\u4e3b\u5bfc\u6743<sup>7<\/sup>\u3002\u4f8b\u5982\uff0c\u80a1\u4e1c\u534f\u8bae\u53ef\u89c4\u5b9a\u67d0\u4e9b\u91cd\u5927\u51b3\u7b56\u987b\u7ecf\u5168\u4f53\u80a1\u4e1c\u4e00\u81f4\u540c\u610f\uff0c\u4ece\u800c\u4f7f\u5177\u5907\u7279\u5b9a\u4e13\u4e1a\u77e5\u8bc6\u6216\u80cc\u666f\u7684\u5c11\u6570\u80a1\u4e1c\u62e5\u6709\u5b9e\u8d28\u6027\u7684\u5426\u51b3\u6743\uff08veto power\uff09<sup>7<\/sup>\u3002\u5b83\u4eec\uff08\u80a1\u4e1c\u534f\u8bae\uff09\u8fd8\u53ef\u4ee5\u5305\u542b\u4ee5\u4e0b\u76f8\u5173\u6761\u6b3e\uff1a<br \/>\u00a0 \u00a0 \u00a0a. <strong>\u968f\u552e\u6743\uff1a<\/strong> \u8fd9\u4e9b\u6743\u5229\u5141\u8bb8\u5c11\u6570\u80a1\u4e1c\u5728\u591a\u6570\u80a1\u4e1c\u5c06\u80a1\u4efd\u51fa\u552e\u7ed9\u7b2c\u4e09\u65b9\u65f6\uff0c\u4e00\u540c\u51fa\u552e\u5176\u80a1\u4efd\uff0c\u4ece\u800c\u786e\u4fdd\u5176\u4eab\u6709\u4e0e\u591a\u6570\u80a1\u4e1c\u76f8\u540c\u7684\u4ea4\u6613\u6761\u6b3e\u4e0e\u5229\u76ca<sup>7.<br \/><\/sup>\u00a0 \u00a0 \u00a0b. <strong>\u62d6\u5e26\u51fa\u552e\u6743<\/strong>\u8fd9\u4e9b\u6743\u5229\u5141\u8bb8\u591a\u6570\u80a1\u4e1c\u5728\u5c06\u80a1\u4efd\u51fa\u552e\u4e88\u7b2c\u4e09\u65b9\u65f6\uff0c\u5f3a\u5236\u5c11\u6570\u80a1\u4e1c\u4e00\u540c\u51fa\u552e\u5176\u80a1\u4efd\uff0c\u4ece\u800c\u4fc3\u6210\u516c\u53f8\u6574\u4f53\u6027\u7684\u8f6c\u8ba9\u6216\u5e76\u8d2d\u4ea4\u6613\u7684\u987a\u5229\u5b8c\u6210\u3002<sup>7<\/sup>.<br \/>\u25cf <strong>\u6295\u7968\u5b89\u6392\u534f\u8bae\uff1a<\/strong> \u80a1\u4e1c\u53ef\u4ee5\u901a\u8fc7\u7b7e\u7f72\u8868\u51b3\u534f\u8bae\uff08Voting Agreement\uff09\uff0c\u5c31\u67d0\u4e9b\u7279\u5b9a\u4e8b\u9879\u7ea6\u5b9a\u6295\u7968\u65b9\u5f0f\uff0c\u4ece\u800c\u96c6\u4e2d\u5176\u8868\u51b3\u6743\uff0c\u5b9e\u73b0\u9884\u671f\u7684\u6295\u7968\u7ed3\u679c <sup>8<\/sup>\u3002\u8fd9\u7c7b\u5b89\u6392\u5bf9\u4e8e\u5e0c\u671b\u5728\u516c\u53f8\u51b3\u7b56\u4e2d\u53d1\u6325\u66f4\u5927\u5f71\u54cd\u529b\u7684\u5c11\u6570\u80a1\u4e1c\u800c\u8a00\uff0c\u5c24\u5176\u5177\u6709\u5b9e\u7528\u4ef7\u503c\u3002<br \/>\u25cf \u8463\u4e8b\u4f1a\u4ee3\u8868\u6743\uff1a\u5373\u4f7f\u4ec5\u6301\u6709\u6781\u5c11\u6570\u80a1\u4efd\uff0c\u82e5\u80fd\u5728\u516c\u53f8\u8463\u4e8b\u4f1a\u4e2d\u53d6\u5f97\u4e00\u4e2a\u5e2d\u4f4d\uff0c\u4ea6\u80fd\u5728\u516c\u53f8\u6cbb\u7406\u4e2d\u53d1\u6325\u5b9e\u8d28\u6027\u5f71\u54cd\u529b<sup> 9<\/sup>\u3002\u8fd9\u4f7f\u5f97\u80a1\u4e1c\u80fd\u591f\u76f4\u63a5\u53c2\u4e0e\u516c\u53f8\u7684\u6218\u7565\u5236\u5b9a\u4e0e\u65e5\u5e38\u8fd0\u8425\u76d1\u7763\u3002<br \/><\/span><\/span><span style=\"color: #1b1c1d;\"><span style=\"color: #1b1c1d;\">\u25cf \u63a7\u5236\u6743\u534f\u8bae\uff1a\u63a7\u5236\u6743\u534f\u8bae\u662f\u4e00\u79cd\u5b89\u6392\uff0c\u5373\u4f7f\u67d0\u80a1\u4e1c\u4e0d\u62e5\u6709\u591a\u6570\u80a1\u6743\uff0c\u4e5f\u53ef\u901a\u8fc7\u534f\u8bae\u65b9\u5f0f\u53d6\u5f97\u5bf9\u516c\u53f8\u8d22\u52a1\u4e0e\u4e1a\u52a1\u653f\u7b56\u7684\u51b3\u5b9a\u6743<sup>8<\/sup>\u3002\u8fd9\u7c7b\u63a7\u5236\u6743\u53ef\u901a\u8fc7\u5408\u540c\u6027\u5b89\u6392\u5b9e\u73b0\uff0c\u4f7f\u5f97\u63a7\u5236\u6027\u80a1\u4e1c\u5728\u672a\u6301\u6709\u591a\u6570\u80a1\u4efd\u7684\u60c5\u51b5\u4e0b\uff0c\u4ecd\u4eab\u6709\u7279\u5b9a\u7684\u51b3\u7b56\u6743\u3002<br \/>\u25cf \u534f\u540c\u884c\u52a8\uff1a\u534f\u540c\u884c\u52a8\u662f\u6307\u4e24\u4e2a\u6216\u591a\u4e2a\u80a1\u4e1c\u57fa\u4e8e\u4e00\u81f4\u76ee\u7684\u6216\u534f\u8bae\uff0c\u5171\u540c\u534f\u8c03\u5176\u8868\u51b3\u6216\u884c\u4e3a\uff0c\u4ee5\u5728\u516c\u53f8\u4e8b\u52a1\u4e2d\u5f62\u6210\u66f4\u5927\u7684\u5f71\u54cd\u529b\u6216\u63a7\u5236\u529b<sup>8<\/sup>\u3002\u8fd9\u7c7b\u5b89\u6392\u6307\u7684\u662f\u80a1\u4e1c\u4e4b\u95f4\u534f\u8c03\u5176\u884c\u4e3a\u4e0e\u8868\u51b3\u7b56\u7565\uff0c\u4ee5\u5b9e\u73b0\u5171\u540c\u7684\u76ee\u6807\uff0c\u5373\u4f7f\u4ed6\u4eec\u5404\u81ea\u4ec5\u6301\u6709\u5c11\u91cf\u80a1\u4efd\uff0c\u4ea6\u53ef\u901a\u8fc7\u534f\u540c\u5408\u4f5c\u5f62\u6210\u5b9e\u8d28\u6027\u7684\u5f71\u54cd\u529b\u6216\u63a7\u5236\u529b\u3002<br \/>\u25cf \u7279\u6b8a\u76ee\u7684\u8f7d\u4f53\uff1a\u7279\u6b8a\u76ee\u7684\u516c\u53f8\uff08SPV\uff09\u662f\u4e00\u79cd\u4e3a\u7279\u5b9a\u5546\u4e1a\u76ee\u7684\u6216\u9879\u76ee\u800c\u8bbe\u7acb\u7684\u72ec\u7acb\u6cd5\u4eba\u5b9e\u4f53\uff0c\u901a\u5e38\u7528\u4e8e\u9694\u79bb\u8d22\u52a1\u98ce\u9669\u3001\u5b9e\u73b0\u63a7\u5236\u7ed3\u6784\u8bbe\u8ba1\uff0c\u4ee5\u53ca\u7b79\u8d44\u4e0e\u6301\u80a1\u5b89\u6392<sup>8<\/sup>\u7279\u6b8a\u76ee\u7684\u516c\u53f8\uff08SPV\uff09\u662f\u4e3a\u5b9e\u73b0\u7279\u5b9a\u76ee\u7684\u800c\u8bbe\u7acb\u7684\u72ec\u7acb\u6cd5\u5f8b\u5b9e\u4f53\uff0c\u4f8b\u5982\uff1a\u6301\u6709\u53e6\u4e00\u5bb6\u516c\u53f8\u7684\u80a1\u4efd\u3002\u901a\u8fc7\u5c06\u80a1\u6743\u67b6\u6784\u5b89\u6392\u5728 SPV \u4e4b\u4e0b\uff0c\u80a1\u4e1c\u53ef\u501f\u7531\u63a7\u5236\u8be5 SPV\uff0c\u95f4\u63a5\u5bf9\u76ee\u6807\u516c\u53f8\u65bd\u52a0\u63a7\u5236\u529b\uff0c\u5373\u4f7f\u5176\u5728\u76ee\u6807\u516c\u53f8\u4e2d\u7684\u76f4\u63a5\u6301\u80a1\u6bd4\u4f8b\u975e\u5e38\u6709\u9650\u3002<br \/><br \/>\u9664\u4e86\u4e0a\u8ff0\u7b56\u7565\u5916\uff0c\u5728\u8bbe\u7acb\u516c\u53f8\u5e76\u5e0c\u671b\u4ee5\u8f83\u4f4e\u6301\u80a1\u6bd4\u4f8b\u5b9e\u73b0\u63a7\u5236\u6743\u65f6\uff0c\u8fd8\u5e94\u7efc\u5408\u8003\u8651\u4ee5\u4e0b\u5173\u952e\u56e0\u7d20\uff0c\u4ee5\u786e\u4fdd\u7ed3\u6784\u5408\u6cd5\u3001\u7a33\u56fa\u4e14\u5177\u5b9e\u6548\u6027\uff1a<br \/>\u25cf MSIC\u4ee3\u7801\uff1a\u5728\u8bbe\u7acb\u516c\u53f8\u65f6\uff0c\u52a1\u5fc5\u8003\u8651**\u9a6c\u6765\u897f\u4e9a\u6807\u51c6\u4ea7\u4e1a\u5206\u7c7b\u4ee3\u7801\uff08MSIC\uff09**\u7684\u9009\u62e9<sup>10<\/sup>\u3002\u8be5\u4ee3\u7801\u7528\u4e8e\u5206\u7c7b\u516c\u53f8\u7684\u4e1a\u52a1\u6d3b\u52a8\uff0c\u5e76\u4e3a**\u9a6c\u6765\u897f\u4e9a\u516c\u53f8\u59d4\u5458\u4f1a\uff08SSM\uff09**\u8fdb\u884c\u7edf\u8ba1\u7528\u9014\u6240\u5fc5\u9700\u3002<br \/>\u25cf \u80a1\u6743\u7ed3\u6784\uff1a\u5728\u8bbe\u8ba1\u516c\u53f8\u7684\u80a1\u6743\u7ed3\u6784\u65f6\uff0c\u5e94\u7efc\u5408\u8003\u8651\u4ee5\u4e0b\u56e0\u7d20\uff0c\u4ee5\u5b9e\u73b0\u516c\u5e73\u3001\u7a33\u5b9a\u4e14\u53ef\u6301\u7eed\u7684\u5408\u4f5c\u5173\u7cfb<sup>10<\/sup>.<br \/>\u25cf \u516c\u53f8\u62b5\u62bc\uff1a\u516c\u53f8\u5bf9\u8d44\u4ea7\u8bbe\u7acb\u7684\u67d0\u4e9b\u7c7b\u578b\u7684\u62c5\u4fdd\u6216\u62b5\u62bc\u6743\u5229\uff0c\u5fc5\u987b\u5728**\u9a6c\u6765\u897f\u4e9a\u516c\u53f8\u59d4\u5458\u4f1a\uff08SSM\uff09**\u8fdb\u884c\u767b\u8bb0<sup>11<\/sup>\u3002\u8fd9\u4e9b\u5305\u62ec\u5bf9\u4ee5\u4e0b\u8d44\u4ea7\u8bbe\u7acb\u7684\u62c5\u4fdd\u6216\u62b5\u62bc\u6743\u5229\uff1a\u503a\u5238\u3001\u5c1a\u672a\u50ac\u7f34\u7684\u80a1\u672c\u3001\u5b50\u516c\u53f8\u80a1\u4efd\u3001\u571f\u5730\u3001\u8d26\u9762\u503a\u6743\u3001\u6d6e\u52a8\u62b5\u62bc\u4ee5\u53ca\u5176\u4ed6\u8d44\u4ea7\u3002\u6b64\u7c7b\u4fe1\u606f\u6709\u52a9\u4e8e\u4e86\u89e3\u516c\u53f8\u7684\u63a7\u5236\u7ed3\u6784\u4e0e\u8d22\u52a1\u98ce\u9669\u627f\u62c5\u60c5\u51b5\uff0c\u7279\u522b\u662f\u5728\u5ba1\u67e5\u516c\u53f8\u662f\u5426\u8bbe\u6709\u5916\u90e8\u878d\u8d44\u9650\u5236\u6216\u5173\u952e\u8d44\u4ea7\u5df2\u88ab\u8d28\u62bc\u65f6\u5c24\u4e3a\u91cd\u8981\u3002<br \/>\u25cf \u5e74\u5ea6\u7533\u62a5\u4e0e\u8d22\u52a1\u62a5\u8868\uff1a\u516c\u53f8\u5fc5\u987b\u5411\u9a6c\u6765\u897f\u4e9a\u516c\u53f8\u59d4\u5458\u4f1a\uff08SSM\uff09\u63d0\u4ea4\u5e74\u5ea6\u7533\u62a5\u8868\uff08Annual Return\uff09\u53ca\u8d22\u52a1\u62a5\u8868\uff08Financial Statements\uff09<sup>11<\/sup>\u3002\u5e74\u5ea6\u7533\u62a5\u8868\u5305\u542b\u6709\u5173\u516c\u53f8\u8463\u4e8b\u3001\u80a1\u4e1c\u53ca\u4e1a\u52a1\u6d3b\u52a8\u7684\u4fe1\u606f\uff0c\u800c\u8d22\u52a1\u62a5\u8868\u5219\u53ef\u7528\u4e8e\u8bc4\u4f30\u516c\u53f8\u7684\u8d22\u52a1\u72b6\u51b5\u4e0e\u7ecf\u8425\u8868\u73b0\u3002\u8fd9\u4e9b\u4fe1\u606f\u6709\u52a9\u4e8e\u4e86\u89e3\u516c\u53f8\u7684\u63a7\u5236\u673a\u5236\uff0c<\/span><\/span><\/p>\n<p style=\"margin: 21.0pt 0cm 6.0pt 0cm;\"><strong><span style=\"color: #1b1c1d;\">\u9a6c\u6765\u897f\u4e9a\u7684\u5546\u4e1a\u67b6\u6784\u7c7b\u578b<br \/><\/span><\/strong><span style=\"color: #1b1c1d;\">\u5728\u9a6c\u6765\u897f\u4e9a\u8bbe\u7acb\u4f01\u4e1a\u65f6\uff0c\u521b\u4e1a\u8005\u53ef\u4ece\u591a\u79cd\u5546\u4e1a\u67b6\u6784\u4e2d\u8fdb\u884c\u9009\u62e9\uff0c\u6bcf\u79cd\u67b6\u6784\u5728\u63a7\u5236\u6743\u3001\u6240\u6709\u6743\u3001\u6cd5\u5f8b\u8d23\u4efb\u4e0e\u7a0e\u52a1\u5904\u7406\u65b9\u9762\u5747\u6709\u4e0d\u540c\u7684\u5f71\u54cd\uff1a<br \/><\/span><\/p>\n<table style=\"height: 105px; width: 100%; border-collapse: collapse; border-style: solid; border-color: #000000;\" border=\"1\" cellspacing=\"5\" cellpadding=\"5\">\n<tbody>\n<tr style=\"height: 21px;\">\n<td style=\"width: 20.7513%; height: 21px;\"><strong>\u4f01\u4e1a\u7ed3\u6784<\/strong><\/td>\n<td style=\"width: 29.2487%; height: 21px;\"><strong>\u8bf4\u660e<\/strong><\/td>\n<td style=\"width: 25%; height: 21px;\"><strong>\u4f18\u70b9<\/strong><\/td>\n<td style=\"width: 25%; height: 21px;\"><strong>\u7f3a\u70b9<\/strong><\/td>\n<\/tr>\n<tr style=\"height: 21px;\">\n<td style=\"width: 20.7513%; height: 21px;\">\u72ec\u8d44\u4f01\u4e1a<\/td>\n<td style=\"width: 29.2487%; height: 21px;\">\u7531\u5355\u4e00\u81ea\u7136\u4eba\u62e5\u6709\u4e0e\u7ecf\u8425\u7684\u4e1a\u52a1 <sup>12<\/sup>.<\/td>\n<td style=\"width: 25%; height: 21px;\">\u6210\u7acb\u7b80\u5355\u3001\u6210\u672c\u4f4e\uff1b\u4e1a\u4e3b\u62e5\u6709\u5b8c\u5168\u63a7\u5236\u6743<\/td>\n<td style=\"width: 25%; height: 21px;\">\u4e1a\u4e3b\u9700\u627f\u62c5\u65e0\u9650\u6cd5\u5f8b\u8d23\u4efb<\/td>\n<\/tr>\n<tr style=\"height: 21px;\">\n<td style=\"width: 20.7513%; height: 21px;\">\u666e\u901a\u5408\u4f19\u4f01\u4e1a<\/td>\n<td style=\"width: 29.2487%; height: 21px;\">\u4e24\u4eba\u6216\u4ee5\u4e0a\u5171\u540c\u62e5\u6709\u5e76\u8d1f\u8d23\u4e1a\u52a1\u7ba1\u7406 <sup>12<\/sup>.<\/td>\n<td style=\"width: 25%; height: 21px;\">\u8d23\u4efb\u4e0e\u8d44\u6e90\u5171\u4eab\uff1b\u7ed3\u5408\u591a\u65b9\u4e13\u4e1a\u77e5\u8bc6<\/td>\n<td style=\"width: 25%; height: 21px;\">\u5408\u4f19\u4eba\u95f4\u53ef\u80fd\u4ea7\u751f\u5206\u6b67\u3002<\/td>\n<\/tr>\n<tr style=\"height: 21px;\">\n<td style=\"width: 20.7513%; height: 21px;\">\u79c1\u4eba\u6709\u9650\u516c\u53f8\uff08Sdn Bhd\uff09<\/td>\n<td style=\"width: 29.2487%; height: 21px;\">\u72ec\u7acb\u6cd5\u4eba\u5b9e\u4f53\uff0c\u80a1\u4e1c\u8d23\u4efb\u6709\u9650 <sup>12<\/sup>.<\/td>\n<td style=\"width: 25%; height: 21px;\">\u80a1\u4e1c\u6709\u9650\u8d23\u4efb\uff1b\u878d\u8d44\u8f83\u5bb9\u6613<\/td>\n<td style=\"width: 25%; height: 21px;\">\u5408\u89c4\u7a0b\u5e8f\u8f83\u590d\u6742\uff0c\u9700\u9075\u5b88\u66f4\u591a\u6cd5\u5f8b\u4e49\u52a1\u3002<\/td>\n<\/tr>\n<tr style=\"height: 21px;\">\n<td style=\"width: 20.7513%; height: 21px;\">\u516c\u4f17\u6709\u9650\u516c\u53f8\uff08Berhad\uff09<\/td>\n<td style=\"width: 29.2487%; height: 21px;\">\u80a1\u4efd\u53ef\u5728\u8bc1\u5238\u4ea4\u6613\u6240\u516c\u5f00\u4ea4\u6613 <sup>12<\/sup>.<\/td>\n<td style=\"width: 25%; height: 21px;\">\u53ef\u516c\u5f00\u52df\u8d44\uff0c\u5177\u66f4\u9ad8\u6210\u957f\u6f5c\u529b<\/td>\n<td style=\"width: 25%; height: 21px;\">\u53d7\u66f4\u4e25\u683c\u7684\u76d1\u7ba1\u8981\u6c42\u7ea6\u675f\u3002<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"color: #1b1c1d;\">\u5916\u56fd\u516c\u53f8\u5728\u9a6c\u6765\u897f\u4e9a\u8bbe\u7acb\u4e1a\u52a1\u636e\u70b9\u65f6\u4e5f\u6709\u591a\u79cd\u9009\u9879\uff0c\u4f8b\u5982\uff1a\u8bbe\u7acb\u4e00\u5bb6\u672c\u5730\u5b50\u516c\u53f8\uff08\u5f62\u5f0f\u4e3a Sdn Bhd \u79c1\u4eba\u6709\u9650\u516c\u53f8\uff09\uff0c\u6216\u6ce8\u518c\u4e00\u5bb6\u5916\u56fd\u516c\u53f8\u5206\u884c\u3002 <sup>12<\/sup>.<\/span><\/p>\n<p style=\"text-align: justify;\"><strong>\u91c7\u7528\u53cc\u91cd\u80a1\u6743\u7ed3\u6784\u7684\u516c\u53f8\u793a\u4f8b<br \/><\/strong>\u867d\u7136\u53cc\u91cd\u80a1\u6743\u7ed3\u6784\uff08Dual-Class Share Structures\uff09\u5728\u5176\u4ed6\u5e02\u573a\u66f4\u4e3a\u5e38\u89c1\uff0c\u4f46\u8be5\u7ed3\u6784\u5728\u9a6c\u6765\u897f\u4e9a\u4e5f\u9010\u6e10\u53d7\u5230\u5173\u6ce8<sup>13<\/sup>\u3002\u7531\u9a6c\u6765\u897f\u4e9a\u4eba\u5171\u540c\u521b\u529e\u7684\u4e1c\u5357\u4e9a\u516c\u53f8 Grab Holdings Inc.\uff0c\u4fbf\u662f\u91c7\u7528\u53cc\u91cd\u80a1\u6743\u7ed3\u6784\u7684\u5178\u578b\u4f8b\u5b50<sup> 13<\/sup>\u3002\u5c3d\u7ba1 Grab \u4e3b\u8981\u5728\u7eb3\u65af\u8fbe\u514b\uff08NASDAQ\uff09\u4e0a\u5e02\uff0c\u5176\u80a1\u6743\u7ed3\u6784\u63d0\u4f9b\u4e86\u4e00\u4e2a\u53c2\u8003\uff0c\u8bf4\u660e\u5982\u4f55\u901a\u8fc7\u5dee\u5f02\u5316\u8868\u51b3\u6743\u6765\u7ef4\u6301\u521b\u529e\u4eba\u5bf9\u516c\u53f8\u7684\u63a7\u5236\u6743\u3002<br \/>\u300a2016\u5e74\u516c\u53f8\u6cd5\u300b\u5141\u8bb8\u79c1\u4eba\u516c\u53f8\u548c\u516c\u4f17\u516c\u53f8\u8bbe\u7acb\u53cc\u91cd\u80a1\u6743\u7ed3\u6784<sup> 3<\/sup>\u3002\u76ee\u524d\u8be5\u7ed3\u6784\u5df2\u88ab\u9a6c\u6765\u897f\u4e9a\u7684\u79c1\u4eba\u6709\u9650\u516c\u53f8\u91c7\u7528\uff0c\u4f46\u5728\u516c\u4f17\u4e0a\u5e02\u516c\u53f8\u4e2d\u7684\u5b9e\u65bd\u4ecd\u6709\u5f85\u9a6c\u6765\u897f\u4e9a\u4ea4\u6613\u6240\uff08Bursa Malaysia\uff09\u53ca\/\u6216\u8bc1\u5238\u59d4\u5458\u4f1a\uff08Securities Commission Malaysia\uff09\u53d1\u5e03\u8fdb\u4e00\u6b65\u516c\u544a<sup> 3<\/sup>.<strong><br \/><\/strong><\/p>\n<p style=\"margin: 0cm 0cm 6pt; text-align: justify;\"><strong><span style=\"color: #1b1c1d;\">\u6f5c\u5728\u98ce\u9669\u4e0e\u7f3a\u70b9<br \/><\/span><\/strong><span style=\"color: #1b1c1d;\">\u867d\u7136\u901a\u8fc7\u5c11\u6570\u6301\u80a1\u63a7\u5236\u516c\u53f8\u5177\u6709\u4e00\u5b9a\u4f18\u52bf\uff0c\u4f46\u4e5f\u5b58\u5728\u82e5\u5e72\u6f5c\u5728\u98ce\u9669\u4e0e\u4e0d\u5229\u56e0\u7d20\uff1a<br \/>\u25cf \u95ee\u8d23\u6027\u964d\u4f4e\uff1a\u5f53\u5c11\u6570\u80a1\u4e1c\u638c\u63e1\u4e0d\u6210\u6bd4\u4f8b\u7684\u8868\u51b3\u6743\u65f6\uff0c\u53ef\u80fd\u524a\u5f31\u5176\u5bf9\u5176\u4ed6\u6295\u8d44\u8005\u7684\u8d23\u4efb\u611f<sup>14<\/sup>\u3002\u8fd9\u53ef\u80fd\u5bfc\u81f4\u63a7\u5236\u80a1\u4e1c\u4e3a\u81ea\u8eab\u5229\u76ca\u4f5c\u51fa\u51b3\u7b56\uff0c\u800c\u727a\u7272\u5c11\u6570\u80a1\u4e1c\u7684\u6743\u76ca\uff0c\u4ece\u800c\u4ea7\u751f\u5229\u76ca\u51b2\u7a81<sup>15<\/sup>.<br \/>\u25cf \u7ba1\u7406\u98ce\u9669\u589e\u52a0\uff1a\u82e5\u63a7\u5236\u6743\u96c6\u4e2d\u5728\u7f3a\u4e4f\u4e13\u4e1a\u80fd\u529b\u6216\u7ba1\u7406\u7ecf\u9a8c\u7684\u80a1\u4e1c\u624b\u4e2d\uff0c\u53ef\u80fd\u5bfc\u81f4\u516c\u53f8\u88ab\u8bef\u7ba1\u6216\u51b3\u7b56\u5931\u8bef<sup>14<\/sup>\u3002\u5bf9\u516c\u53f8\u4e1a\u7ee9\u9020\u6210\u4e0d\u826f\u5f71\u54cd\uff0c\u5e76\u635f\u5bb3\u5168\u4f53\u80a1\u4e1c\u7684\u5229\u76ca\u3002<br \/>\u25cf \u9000\u51fa\u673a\u5236\u53d7\u9650\uff1a\u5728\u62e5\u6709\u53cc\u91cd\u80a1\u6743\u7ed3\u6784\u7684\u516c\u53f8\u4e2d\uff0c\u5c11\u6570\u80a1\u4e1c\u7684\u9000\u51fa\u9009\u62e9\u53ef\u80fd\u53d7\u5230\u9650\u5236\uff0c\u4f8b\u5982\u63a7\u5236\u80a1\u4e1c\u8bbe\u6709\u80a1\u4efd\u8f6c\u8ba9\u9650\u5236<sup>16<\/sup>\u3002\u8fd9\u4f1a\u5f71\u54cd\u80a1\u6743\u6d41\u52a8\u6027\uff0c\u4f7f\u5c11\u6570\u80a1\u4e1c\u96be\u4ee5\u5b9e\u73b0\u5176\u6295\u8d44\u4ef7\u503c\u3002<br \/>\u25cf \u4f30\u503c\u88ab\u4f4e\u4f30\u7684\u98ce\u9669\uff1a\u7531\u4e8e\u6295\u8d44\u8005\u5bf9\u8fd9\u7c7b\u7ed3\u6784\u7684\u95ee\u8d23\u6027\u964d\u4f4e\u53ca\u5229\u76ca\u51b2\u7a81\u98ce\u9669\u6709\u6240\u62c5\u5fe7<sup>14<\/sup>\u3002\u4ed6\u4eec\u53ef\u80fd\u5bf9\u8fd9\u7c7b\u516c\u53f8\u8fdb\u884c\u4ef7\u503c\u6298\u6263\uff0c\u4ece\u800c\u4f7f\u4f01\u4e1a\u5728\u878d\u8d44\u65f6\u9762\u4e34\u66f4\u9ad8\u96be\u5ea6\uff0c\u4e5f\u9650\u5236\u5176\u6210\u957f\u6f5c\u529b\u3002<br \/>\u25cf \u8d1f\u9762\u5e02\u573a\u89c2\u611f\uff1a\u90e8\u5206\u6295\u8d44\u8005\u53ef\u80fd\u8ba4\u4e3a\u53cc\u91cd\u80a1\u6743\u7ed3\u6784\u662f\u521b\u529e\u4eba\u89c4\u907f\u95ee\u8d23\u3001\u5de9\u56fa\u6743\u529b\u7684\u624b\u6bb5<sup>14<\/sup>\u3002\u4ece\u800c\u5bf9\u516c\u53f8\u4ea7\u751f\u8d1f\u9762\u5370\u8c61\uff0c\u635f\u5bb3\u516c\u53f8\u58f0\u8a89\uff0c\u964d\u4f4e\u5bf9\u6f5c\u5728\u6295\u8d44\u8005\u7684\u5438\u5f15\u529b\u3002<\/span><strong><span style=\"color: #1b1c1d;\"><br \/><\/span><\/strong><\/p>\n<p style=\"margin: 21pt 0cm 6pt; text-align: justify;\"><strong><span style=\"color: #1b1c1d;\">\u603b\u7ed3<br \/><\/span><\/strong><span style=\"color: #1b1c1d;\">\u9a6c\u6765\u897f\u4e9a\u300a2016\u5e74\u516c\u53f8\u6cd5\u300b\u63d0\u4f9b\u4e86\u6cd5\u5f8b\u6846\u67b6\uff0c\u5141\u8bb8\u516c\u53f8\u53d1\u884c\u5177\u6709\u4e0d\u540c\u6743\u5229\u7684\u80a1\u4efd\u7c7b\u522b\uff0c\u5982A\u7c7b\u80a1\u4e0eB\u7c7b\u80a1\u3002\u901a\u8fc7\u8fd9\u4e9b\u7ed3\u6784\uff0c\u7ed3\u5408\u80a1\u4e1c\u534f\u8bae\u3001\u8868\u51b3\u534f\u8bae\u3001\u63a7\u5236\u534f\u8bae\u7b49\u6cd5\u5f8b\u673a\u5236\uff0c\u5373\u4f7f\u53ea\u6301\u6709\u5c11\u91cf\u80a1\u4efd\uff0c\u4ecd\u53ef\u5bf9\u516c\u53f8\u5b9e\u73b0\u63a7\u5236\u3002<br \/>\u5728\u9a6c\u6765\u897f\u4e9a\uff0c\u53cc\u91cd\u80a1\u6743\u7ed3\u6784\u7684\u8fd0\u7528\u4ecd\u5728\u9010\u6b65\u53d1\u5c55\u4e2d\uff0c\u5c24\u5176\u662f\u5728\u516c\u4f17\u4e0a\u5e02\u516c\u53f8\u9886\u57df\u3002\u968f\u7740\u5e02\u573a\u4e0e\u76d1\u7ba1\u73af\u5883\u7684\u6301\u7eed\u53d8\u5316\uff0c\u6295\u8d44\u8005\u4e0e\u5229\u76ca\u76f8\u5173\u8005\u6709\u5fc5\u8981\u6df1\u5165\u4e86\u89e3\u6b64\u7c7b\u7ed3\u6784\u7684\u542b\u4e49\uff0c\u4ee5\u53ca\u5176\u5bf9\u516c\u53f8\u6cbb\u7406\u4e0e\u80a1\u4e1c\u6743\u5229\u53ef\u80fd\u5e26\u6765\u7684\u5f71\u54cd\u3002<\/span><strong><span style=\"color: #1b1c1d;\"><br \/><\/span><\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Works cited<br \/><\/strong>1. Complete Guide to the Companies Act 2016 in Malaysia &#8211; Datatracks, accessed February 16, 2025, <a href=\"https:\/\/www.datatracks.com\/my\/blog\/companies-act-2016-malaysia\/\">https:\/\/www.datatracks.com\/my\/blog\/companies-act-2016-malaysia\/<\/a><br \/>2. Page 1 PART N SHARES (i) SHARES AND NO PAR VALUE REGIME 1. What is the rationale for migration to the new par value reg, accessed February 16, 2025,\u00a0<a href=\"https:\/\/www.ssm.com.my\/Documents\/PART%20N%20r1%20updated%20111021.pdf\">https:\/\/www.ssm.com.my\/Documents\/PART%20N%20r1%20updated%20111021.pdf<\/a><br \/>3. Dual-Class Shares in Malaysia: Empowering Founders and Attracting Investors &#8211; MahWengKwai &amp; Associates, accessed February 16, 2025,\u00a0<a href=\"https:\/\/mahwengkwai.com\/dual-class-shares-malaysia-founders-investors\/\">https:\/\/mahwengkwai.com\/dual-class-shares-malaysia-founders-investors\/<\/a><br \/>4. Malaysian Companies Act 2016: an overview | ACCA Qualification &#8230;, accessed February 16, 2025,\u00a0<a href=\"https:\/\/www.accaglobal.com\/gb\/en\/student\/exam-support-resources\/fundamentals-exams-study-resources\/f4\/technical-articles\/mys-comp-act.html\">https:\/\/www.accaglobal.com\/gb\/en\/student\/exam-support-resources\/fundamentals-exams-study-resources\/f4\/technical-articles\/mys-comp-act.html<\/a><br \/>5. Class A vs Class B vs Class C Shares, Explained &#8211; SoFi, accessed February 16, 2025,\u00a0<a href=\"https:\/\/www.sofi.com\/learn\/content\/classes-of-stock-shares\/\">https:\/\/www.sofi.com\/learn\/content\/classes-of-stock-shares\/<\/a><br \/>6. Dual-Class Stock &#8211; Council of Institutional Investors, accessed February 16, 2025,\u00a0<a href=\"https:\/\/www.cii.org\/dualclass_stock\">https:\/\/www.cii.org\/dualclass_stock<\/a><br \/>7. Shareholder Agreement Malaysia: Everything You Should Know &#8211; WenJie &amp; Co., accessed February 16, 2025,\u00a0<a href=\"https:\/\/www.wenjieco.com\/articles\/shareholder-agreement-malaysia\">https:\/\/www.wenjieco.com\/articles\/shareholder-agreement-malaysia<\/a><br \/>8. Attribution of voting rights under section 34 of the WpHG &#8211; Issuer Guidelines &#8211; BaFin, accessed February 16, 2025,\u00a0<a href=\"https:\/\/www.bafin.de\/EN\/Aufsicht\/BoersenMaerkte\/Emittentenleitfaden\/Modul2\/Kapitel1\/Kapitel1_2\/Kapitel1_2_5\/kapitel1_2_5_artikel_en.html\">https:\/\/www.bafin.de\/EN\/Aufsicht\/BoersenMaerkte\/Emittentenleitfaden\/Modul2\/Kapitel1\/Kapitel1_2\/Kapitel1_2_5\/kapitel1_2_5_artikel_en.html<\/a><br \/>9. Interests in shares., accessed February 16, 2025,\u00a0<a href=\"https:\/\/www.ssm.com.my\/acts\/fscommand\/act125s0006A.htm\">https:\/\/www.ssm.com.my\/acts\/fscommand\/act125s0006A.htm<\/a><br \/>10. Things to Think About When Setting Up a Company &#8211; Altomate, accessed February 16, 2025,\u00a0<a href=\"https:\/\/altomate.io\/sg\/starting_business\/things-to-think-about-when-setting-up-a-company\/\">https:\/\/altomate.io\/sg\/starting_business\/things-to-think-about-when-setting-up-a-company\/<\/a><br \/>11. What You Need to Know About SSM Reports &#8211; CTOS &#8211; Malaysia&#8217;s Leading Credit Reporting Agency, accessed February 16, 2025,\u00a0<a href=\"https:\/\/ctoscredit.com.my\/learn-business\/what-you-need-to-know-about-ssm-reports\/\">https:\/\/ctoscredit.com.my\/learn-business\/what-you-need-to-know-about-ssm-reports\/<\/a><br \/>12. which-type-of-business-structure-is-best-for-you &#8211; OCBC Malaysia, accessed February 16, 2025,\u00a0<a href=\"https:\/\/www.ocbc.com.my\/business-banking\/articles\/which-type-of-business-structure-is-best-for-you\">https:\/\/www.ocbc.com.my\/business-banking\/articles\/which-type-of-business-structure-is-best-for-you<\/a><br \/>13. Understanding Dual Class Shares: A Malaysian Perspective &#8211; Amir Khusyairi &amp; Associates, accessed February 16, 2025,\u00a0<a href=\"https:\/\/law-aka.com\/understanding-dual-class-shares-a-malaysian-perspective\/\">https:\/\/law-aka.com\/understanding-dual-class-shares-a-malaysian-perspective\/<\/a><br \/>14. Controlled Companies in the S&amp;P 1500: Performance and Risk Review, accessed February 16, 2025,\u00a0<a href=\"https:\/\/corpgov.law.harvard.edu\/2012\/10\/25\/controlled-companies-in-the-sp-1500-performance-and-risk-review\/\">https:\/\/corpgov.law.harvard.edu\/2012\/10\/25\/controlled-companies-in-the-sp-1500-performance-and-risk-review\/<\/a><br \/>15. Types of Company Shares in Malaysia | Acclime Malaysia, accessed February 16, 2025,\u00a0<a href=\"https:\/\/malaysia.acclime.com\/guides\/company-shares-types\/\">https:\/\/malaysia.acclime.com\/guides\/company-shares-types\/<\/a><br \/>16. Controlling Interest Transactions: Advantages, Disadvantages And Complexities Of Selling Less Than 100 Percent Of A Company &#8211; Corporate Counsel Business Journal, accessed February 16, 2025,\u00a0<a href=\"https:\/\/ccbjournal.com\/articles\/controlling-interest-transactions-advantages-disadvantages-and-complexities-selling-le\">https:\/\/ccbjournal.com\/articles\/controlling-interest-transactions-advantages-disadvantages-and-complexities-selling-le<\/a><strong><br \/><\/strong><\/p>\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>\u9a6c\u6765\u897f\u4e9a\u300a2016 \u5e74\u516c\u53f8\u6cd5\u300b\u5bf9\u9a6c\u6765\u897f\u4e9a\u516c\u53f8\u6cd5\u8fdb\u884c\u4e86\u91cd\u5927\u4fee\u6539\uff0c\u5305\u62ec\u53ef\u4ee5\u53d1\u884c\u5177\u6709\u4e0d\u540c\u6743\u5229\u548c\u7279\u6743\u7684\u4e0d\u540c\u7c7b\u522b\u7684\u80a1\u4efd1\u3002\u8fd9\u4e3a A \u80a1\u548c B 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