Bursa Malaysia Berhad has added another feature to its Bursa Anywhere mobile application called electronic General Offer (“eGO”). The new feature on the mobile app allows shareholders to electronically accept their General Offers without the hassle of physically travelling to meet their brokers.
Previously, investors were required to submit a Transfer Form to their brokers in order to transfer the securities and followed by submission of Offer Document for the acceptance of offer. Now all applications and submission of documents can be performed via eGo. This latest feature aims to provide convenience to investors as it fast tracks their General Offer applications. The improved efficiencies will benefit shareholders greatly as they no longer need to physically go to their broker, or deal with the traditional method of delivering the physical Transfer Form to the broker for transfer execution, and Share Registrar for submission of Offer Document.
“Removing physical or postal delivery not only improves turnaround time, but also gives investors a smoother process and experience, especially in the current COVID-19 state,” said Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia. According to Bursa, since its launch, Bursa Anywhere has garnered new users with every new upgrade. This new feature will be seen as a timely addition during the Covid-19 outbreak which has prompted most investors to switch to electronic investing options for improved security and convenience. It also offers investors cost and time savings by providing secure access to investment opportunities and services at anytime and anywhere, in line with the evolving demands of modern investors.
“Today’s announcement of this latest feature is the continuation of our larger goal of enhancing our digital touchpoints via our mobile-first experience added Datuk Umar. Bursa Anywhere was developed to provide investors ease of accessibility in managing their CDS accounts remotely. The eGO feature will compliment the mobile app’s existing services.
It facilitates CDS account openings, Rights Issue subscriptions, and reactivation of dormant and inactive CDS accounts, among others. The app has garnered over 210,000 downloads since its release in June 2019.