Dogged by Governance Concerns, Tough Underfoot for this Shoemaker

Maxwell International Holdings Bhd CFO Tan Swee Song discusses;

- Two legs of the business: OEM and ODM - Explain;
- Industry moving towards R&D and branding, sales and marketing. Manufacturing is outsourced. Why;
- Difficulties of building own brand? Chinese brands do not a high cachet;
- Clients? And nature of the contracts;
- Export business - details;
- Dividend policy;
- Maxwell is sitting on over 200 million ringgit in net cash - marginal interest income - issues;
- China companies also said to keep this much cash because banks are reluctant to lend them money due to a poor reputation .. True or false;
- Strong financials - yet investors are shunning this stock - reason;
- Outlook - growth;
- Negotiations to acquire a sportswear apparel company in Hong Kong - updates - issues;
- Governance Concerns: dodgy numbers, financial irregularities, bad corporate governance - justified?
- Strategies to address poor CG perception;
- Majority ownership lies with Exec Chairman Li Kwai Chun - 55% ownership - issues.