Document background
The Company Share Purchase Agreement is a fundamental transaction document used in Malaysian corporate acquisitions when one party wishes to acquire shares in a company from existing shareholders. This document is essential for both private and public company transactions, though additional requirements apply for public listed companies under the Malaysian Code on Take-Overs and Mergers 2016. The agreement typically includes comprehensive details about the transaction structure, purchase price mechanisms, warranties and indemnities, conditions precedent, and completion requirements. It requires careful consideration of Malaysian corporate law, securities regulations, tax implications, and stamp duty requirements. The document is particularly crucial as it not only transfers ownership but also provides protection for both parties through various representations, warranties, and covenants, while ensuring compliance with local regulatory requirements.
