I see things through legal lens too much sometimes.

I came across an article on The Edge relating to building structures without proper approval in the context of climate change. I thought of IPO issues. 😅

Some business owners may not realise the issues relating to the buildings owned or rented by their companies until they want to list their companies.

In essence, it is unlawful to:

1. erect any building without prior written permission from the local authority.

2. make alteration to any building or build extension/ additional structure to any building without prior written permission from the local authority (even if the building itself has been approved by the local authority).

3. use a building for a purpose other than which it was originally constructed for without the prior written permission from the local authority.

It takes time to resolve issues relating to buildings. Business owners should discuss with their advisers on the steps to take to rectify the issues to avoid delay to their IPOs.

#malaysiancorporatelawyer
#IPOs
#equitycapitalmarkets

This post was posted on Linkedin on 26 January 2022.