世界華文媒體有限公司
世界華文媒體有限公司 Media Chinese International Limited English 繁 簡


主頁  網站指南
財務報告
公告
新聞稿
企業簡報
企業管治
股東大會
股份資料
投資者聯絡
遺失股份證明書

申請股份轉移 - 常見問題 (只提供英文版)
 
General Questions
Questions re Transmission of Shares from Malaysia to Hong Kong
Questions re Transmission of Shares from Hong Kong to Malaysia
Forms
Procedures for Request for Transmission
<< 返回前頁 

General Questions
1.
Q:  Where can we get the forms for share transmission from Hong Kong to Malaysia (Transmission Request Form (A)) and from Malaysia to Hong Kong (Transmission Request Form (B))?

A: 
1. HK Share Registrar Public Counter;
2. Malaysia Share Registrar office;
3. Official website of Media Chinese International Limited ("the Company"):-
Transmission Request Form (A)
Transmission Request Form (B)
2.
Q:  Can the forms for transmission be sent to shareholder via email, fax or post?

A:  Yes.
3.
Q:  Should shareholders pay the service / stamping fee at the moment they submit the transmission request form?

A:  Yes.

Questions re Transmission of Shares from Malaysia to Hong Kong top 
4.
Q:  What is the timeline for transmission of shares from Malaysia to Hong Kong ?

A:  HK Registrar will register the transmission, issue and dispatch share certificate(s) to shareholders within 4 market days from the date of receipt of requests by the Malaysia Registrar.
5.
Q:  What are the total charges for transfer/transmission of shares from 1 CDS account and issue of 1 share certificate?

A: 
The total charge is RM211 and the breakdown is as follows:-
1. RM100 (each CDS account)
2. RM20 (for arranging the stamping for any number of shares to be transferred)
3. RM90 (for registration in HK Register)
4. RM1 (for issuance of each share certificate in HK)
6.
Q:  In Malaysia, stamp duty is RM20 for adjudication only? Any further stamp duty after adjudication?

A:  Stamp duty payable is RM10, another RM10 is handling charge. No other stamp duty is required on the transfer.
7.
Q:  For transmission of shares, do shareholders need to get approval from Bank Negara ?

A:  Shareholders are responsible to ensure compliance with the Malaysian Foreign Exchange Administration Rules. If you are a resident of Malaysia for purposes of the Foreign Exchange Rules and subject to the prevailing Foreign Exchange Rules in relation to threshold permitted for investment abroad, you may be required to seek the prior approval of Bank Negara Malaysia ("BNM"). For more information, please visit the official website of BNM at http://www.bnm.gov.my/
8.
Q:  If HK Registrar issued a share certificate of 10,000 shares to a shareholder, how if the shareholder wishes to trade 1,000 shares out of the 10,000 shares only?

A: 
1. Per Transmission Request Form (B), shareholders can request for receiving share certificate(s) in the specified denomination.
2. Shareholder can submit the certificate covering 10,000 shares to the HK Registrar to split it into 10 certificates of 1,000 each or other specified denomination.
3. Shareholders can deposit the 10,000 shares with their stockbrokers in HK and request for trading of 1,000 shares only. The balance 9,000 shares will be maintained at their stockbrokers' account(s).
9.
Q:  How long does it take for a share certificate issued in Hong Kong to reach the shareholder in Malaysia?

A:  It takes around one week's time for a registered mail to arrive at Malaysia and the time that the certificate(s) will reach the shareholder depends on the delivery schedule of the Malaysia Post Office.
10.
Q:  Can shareholders trade the shares immediately upon receiving the physical share certificate(s)?

A:  For on market trading, shareholders need to maintain a securities account with a broker firm such that the broker can help to deposit the shares into CCASS for trading. The deposit/trading time is dependable on the requirements of individual broker firm.

For off market trading, shareholders simply need to complete the share transfer procedures including arranging for the share transfer form/bought and sold notes to be signed and stamped and then submit them together with the relevant share certificate(s) to the HK Registrar for registration.
11.
Q:  How to transfer shares of a HK listed company?

A:  Shareholders have to complete a share transfer form, either the one printed on the back of the share certificate or a Standard Form of Transfer, together with a bought and sold notes and then submit the same to the HK stamp office for stamping. The stamp duty is HK$5 on every transfer form plus 0.1% of the amount of the consideration or of its market price on every sold note and every bought note.
12.
Q:  How to deposit shares to CCASS depository in Hong Kong?

A:  The brokers have to submit the Standard Form of Transfer (duly signed by the shareholder as transferor), the stock deposit form (duly signed by related broker), together with the relevant share certificates to HKSCC, which should have no charge on this service. However, individual brokers may have their own charge to shareholders.
13.
Q:  Can shareholders request HK Registrar to deliver the physical share certificate(s) to their brokers in Hong Kong for purpose of deposit instead of sending directly to the shareholders in Malaysia ?

A:  Shareholders may submit a separate request in writing in the prescribed format (available at the offices of the registrars) and attach together with the share transmission request form.

Questions re Transmission of Shares from Hong Kong to Malaysia top 
14.
Q:  What is the timeline for transmission of shares from Hong Kong to Malaysia?

A:  Malaysia Registrar will register the transmission and issue instruction to the Central Depository to credit the relevant shareholders' CDS account(s) within 4 market days from the date of receipt of request by the Hong Kong Registrar.
15.
Q:  Is it necessary for shareholders to deposit the share certificate(s) into their CDS account(s)?

A:  The recent exemption orders granted for the exemptions from sections 38 and 18 of the Securities Industry (Central Depositories) Act 1991 has allowed for the expedited transmission process to be implemented with effect from 2 May 2008. With that, shareholders will no longer be required to deposit their transmitted securities/shares via an Authorised Depository Agent (“ADA”). Instead, shareholders will deposit the transmitted securities/shares through the Malaysia Share Registrar via crediting to the relevant shareholders' CDS account(s).
16.
Q:  Is it a must to maintain a CDS account in Malaysia for trading shares?

A:  Yes.
17.
Q:  What are the total charges for transfer/transmission of shares from Hong Kong to Malaysia?

A: 
The following fees have to be paid:-
1. Registration fee for share transmission: HK$200
2. HK share certificate cancellation fee: HK$2.50 each
3. Malaysia registration fee: HK$240 for each CDS account to be credited
18.
Q:  What are the procedures of withdrawing shares from the CCASS Depository?

A: 
1.  If the shares of shareholders are placed in brokers, they need to instruct their brokers to withdraw shares for removal purpose. The brokers will then send their request via the CCASS Internet System and submit a duly completed "Stock Collection Authorisation Form", copy of which can be downloaded from the HK Stock Exchange website at www.hkex.com.hk while collecting the share certificates.

Upon collecting the share certificate(s) from HKSCC through the brokers, the shareholders/brokers need to pass the said share certificate(s) together with a share transfer form, which can simply be the back of the share certificate or a separate transfer form, to the HK Share Registrar to register the transfer of shares, i.e. from HKSCC Nominees Limited to the name of the shareholder.
2.  If the shareholders are investor participants who maintain personal accounts in HKSCC, they can submit either a "Withdrawal Order Input Request Form" which can be downloaded from the website of the HK Stock Exchange at www.hkex.com.hk or an electronic "Withdrawal Order Form" via the CCASS Internet System if they have made registration for their account(s). To collect the share certificates, they also have to submit the duly completed "Stock Collection Authorisation Form".

Upon collecting the share certificate(s) from HKSCC, the shareholders need to pass the said share certificate(s), the "Stock Withdrawal Receipt" from HKSCC together with a share transfer form, which can simply be the back of the share certificate or a separate transfer form, to the HK Inland Revenue Department to have a "No Ad Valorem Duty Payable" chop on the transfer instrument before sending the same to the HK Share Registrar for re-registration.
19.
Q:  What is the time frame for withdrawing certificate(s) from HKSCC in Hong Kong?

A: 
1. It takes either 1 market day or 10 market days to withdraw shares from the CCASS Depository depending on whether HKSCC has a stock of the share certificate required on hand. If yes, it takes one market day. If not, HKSCC needs to split the shares before passing the same to the shareholder/broker, which will then take 10 market days.
2. The HK Inland Revenue Department can affix the "No Ad Valorem Duty Payable" chop on the transfer instrument immediately when the relevant documents are presented.
3. It takes 3 to 10 market days to register a share transfer by the HK Registrar, depending on the particular request of the shareholders.

Forms top 
Transmission Request Form (A)
Transmission Request Form (B)
Form 32A - Form of Transfer of Securities
Procedures for Request for Transmission


主頁集團資料公司業務投資者關係私隱政策聯絡我們網站指南
世界華文媒體有限公司‧版權所有‧不得轉載