by TMR / pic credit: bursamarketplace.com
Bursa Malaysia Bhd introduced the latest addition to its Bursa Anywhere mobile application features called electronic General Offer (eGO).
In a statement today the stock exchange said the new eGO feature on the mobile app allows shareholders to electronically accept their General Offers in a convenient and seamless manner via the app.
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 our 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.
Since its launch, Bursa Anywhere continues to garner new users with every new upgrade.
This new feature is timely as the Covid-19 outbreak 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 any time 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.
The eGO feature, alongside other user-friendly features available on the app, makes Bursa Anywhere a time-saving and a “must-have” that appeals to the investors” said Umar.
Bursa Anywhere was developed to provide investors ease of accessibility in managing their CDS accounts remotely.
The eGO feature compliments the mobile app’s existing extensive 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.