SINGAPORE (July 23): Boardroom, which provides corporate and advisory services such as managing listed companies’ shareholder registers and helping them run annual general meetings, has signed a deal to grow its presence in Malaysia. The acquisition would potentially enlarge its earnings base by 5.5%, and group CEO Kim Teo sees it as an opportunity to expand into new market segments and acquire new customers.

On July 16, Boardroom announced that it will pay RM164.1 million or $55.6 million for three companies: Symphony Corporatehouse, Symphony Share Registrars and Malaysian Issuing House. SCH provides corporate secretarial, accounting, payroll and human resource services. It also owns Sky Corporate Services, which provides corporate secretarial services for smaller companies. SSR provides share registration services, employee share option scheme management, dividend distribution infrastructure, shareholders’ general meeting management, shareholders’ helpdesk and shareholders’ voting services. MIH provides services for IPOs such as advising, distributing prospectuses and liaising with banks and regulatory authorities.

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