Credit Bureau Asia Limited (TCU) Under Scrutiny: Key Questions from Shareholders
In a recent announcement, Credit Bureau Asia Limited (TCU) faced scrutiny from shareholders regarding several key aspects of its business operations and future strategies. The company, which operates in the financial information services sector, held its meeting on April 25, 2025, where various concerns and queries were raised. Here are the critical points discussed during the meeting:
Licensing and Business Operations
New Licence for Consumer Credit Reporting: The company announced that its subsidiary, Credit Bureau (Singapore) Pte Ltd (“CBS”), has been licensed by the Monetary Authority of Singapore (MAS) to carry on a consumer credit reporting business effective April 1, 2025.
The management was asked to clarify why CBS was issued this licence and whether it enables the company to broaden its services or offerings.
Financials and Operational Updates
Innovation and Product Pipeline: Shareholders inquired about the process of identifying, developing, and bringing new products and services to market. They also sought examples of credit reports offered by the group.
Macroeconomic Volatility Impact: There were questions about the potential impact of a global economic slowdown on the company’s financial institutions (“FI”) and non-FI businesses, particularly in terms of vulnerability across different business segments and geographic regions.
Market Expansion and Financials
Vietnam Market Entry: The company had signed a Memorandum of Understanding (MoU) with FiinGroup JSC four years ago to form a joint venture. Shareholders sought updates on the tangible progress made towards establishing operations in Vietnam and any remaining hurdles.
Governance and Compliance
Director Attendance and Board Performance: The attendance of directors at board and committee meetings was questioned, with specific concerns about the executive chairman, Mr. Kevin Koo, and Mr. Low Seow Juan missing certain meetings.
The company was asked to confirm whether absent directors participated via tele- or videoconferencing and if the board is satisfied with the discharge of their fiduciary duties effectively.
Shareholder Value and Dividend Policy
Cash and Capital Allocation: With $67 million in cash and bank balances as of December 31, 2024, and $30 million in short-term deposits, shareholders inquired about the consideration of increasing dividend payouts or returning capital through a special dividend, share buyback, or equal access offer.
Management’s Response and Future Plans
The company was expected to provide detailed clarifications on these matters, which could potentially impact its share price and investor relations.
**Disclaimer **
The information provided in this article is based on the available data and is intended for general informational purposes only. It does not constitute investment advice or a recommendation to buy, sell, or hold any securities. Readers are advised to consult with a financial advisor or conduct their own research before making any investment decisions. The accuracy and completeness of the information cannot be guaranteed. Any projections, estimates, or opinions expressed in this article are subjective and may not reflect the actual performance or results of the company.
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