Economic, political and regulatory risks associated with overseas expansion
First written in FY2021. 1 of 4 entries say "Mitigated", first in FY2022. Latest entry: FY2026.
The whole theme swung hardest in 2025: 70 of 110 companies on the "Worse" side.
14 other companies' latest entry also says "Other".
- FY2026Addition of a subsidiary within the scopeAnnual report
「As a measure to address these risks, the Group regularly gathers information from its legal advisers, accounting firms and other sources on amendments to laws and regulations in Malaysia, while working closely with its Malaysian subsidiaries CORE PAX(M)SDN.BHD., ENCORE LAMI SDN.BHD. and FUSIONS TRADING MALAYSIA SDN.BHD. to take appropriate action.」
FUSIONS TRADING MALAYSIA SDN.BHD., established in 2024, has been added to the entities covered by measures addressing legal and regulatory risks associated with overseas operations. - FY2024RestatedAnnual report
「As a measure to address these risks, the Group regularly gathers information from its legal advisers, accounting firms and other sources on amendments to laws and regulations in Singapore and Malaysia, while working closely with its Malaysian subsidiaries CORE PAX(M)SDN.BHD. and ENCORE LAMI SDN.BHD. to take appropriate action.」
The Group continues to collect information from external specialists and coordinate with local subsidiaries in response to legal and regulatory risks associated with overseas operations. - FY2022MitigatedAnnual report
「As a measure to address these risks, the Group regularly gathers information from its legal advisers, accounting firms and other sources on amendments to laws and regulations in Singapore and Malaysia, while working closely with its Malaysian subsidiaries CORE PAX(M)SDN.BHD. and ENCORE LAMI SDN.BHD. to take appropriate action.」
The measures described for addressing the legal, regulatory and political risks associated with overseas operations are the regular collection of information from external specialists and close coordination with local subsidiaries. - FY2021First statedAnnual report
「To meet the increasingly global footprint of its customers, the Group has production facilities in Malaysia and sales offices in Singapore. As a result, fluctuations in foreign exchange rates, economic conditions and political instability in the countries where it operates, changes in laws and regulations, and other factors may affect the Group's performance.」
The risks associated with the production facilities in Malaysia and sales offices in Singapore, including foreign exchange, economic conditions, political instability and changes in laws and regulations, are described separately.