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New CSP regime too costly – survey


A survey conducted by Dili­gex, which studied possible reactions to the new Corporate Services Provider (CSP) regime, found that a material number of warranted professionals and smaller registered CSPs were thinking of exiting the business because they would find it difficult to meet the new regu­latory requirements.
Diligex conducted a survey of 64 CSPs in Malta as part of a campaign to raise awareness of the reforms. This number represents nearly 11 per cent of the known CSP universe, according to Malta’s 2019 Moneyval report.
The survey established that many CSPs were concerned by the higher costs associated with complying with the revised regulatory regime. The concerns were particularly expressed by warranted professionals and smaller registered CSPs. A top concern was the cost and availability of Professional Indemnity Insurance (PII), now mandatory for Class B and Class C holders. ....

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Investegate |APQ Global Limited Announcements | APQ Global Limited: Book Value Report


Important Notice:
The term book value herein includes the assets of APQ Global and its subsidiaries net of any liabilities. The figure in this announcement is an estimate and is based on unaudited estimated valuations in accordance with the Company s valuation policy as stated in the Company s AIM Admission Document. The Group has measured its private investments in accordance with IFRS 9 Financial Instruments. In September 2017, APQ Global Ltd issued 4,018 units of £5,000 nominal 3.5 per cent convertible unsecured loan stock 2024 ( CULS ) to raise £20.09 million. In January 2018, APQ Global Ltd issued a further 1,982 CULS units at a price of £5,150 per £5,000 nominal to raise £10.21 million. Under IFRS, the CULS is a financial instrument and has been accounted for under ....

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Singapore's GK Goh weighs US$300m Boardroom sale


GK Goh, started as a Singapore-based securities business in 1979, is an investment firm with interests including elderly care providers and property developer and a fiber optic network operator in Europe, according to its website. GK Goh owns a 92% stake in Boardroom.
SINGAPORE: Singaporean investment firm G. K. Goh Holdings Ltd. is exploring a sale of corporate services provider Boardroom Ltd. amid interest from prospective buyers, according to people familiar with the matter.
GK Goh is working with a financial adviser on the potential sale, which could fetch about $300 million, the people said, asking not to be identified because the matter is private. The Singapore-based business has attracted preliminary interest from other industry players, the people said. ....

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