Credit Bureau Asia Limited Faces Questions on Licensing, Business Operations, and Governance

Credit Bureau Asia Limited (TCU) is set to face scrutiny from shareholders on various aspects of its business operations, licensing, and governance at its upcoming meeting on April 25, 2025. The company, which operates in the financial institutions (FI) data business and non-FI data business segments, serving both consumer and commercial credit risk segments, has been asked to clarify several key issues.

Licensing and Business Operations

The company’s 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 with effect from April 1, 2025. Management has been asked to clarify why CBS was issued this license and whether it is new and distinct from existing licenses held by the group [[Page 2]]. Shareholders want to know if this license enables CBS to broaden its services or offerings.

Operational and Financial Matters

Shareholders are seeking greater clarity on several operational and financial matters, including:
Innovation Pipeline: How new products and services are identified, developed, and brought to market [[Page 3]].
Macroeconomic Volatility: The potential impact of a global economic slowdown on the company’s FI and non-FI businesses, and which business segments and geographic regions are more vulnerable [[Page 3]].
Vietnam Market Entry: The progress made towards establishing operations in Vietnam, following the signing of a Memorandum of Understanding (MoU) with FiinGroup JSC four years ago [[Page 3]].
Cash and Capital Allocation: The company’s plans for its cash and bank balances, which stood at $67.0 million as of December 31, 2024, and the possibility of increasing the dividend payout or returning capital to shareholders [[Page 3-4]].

Governance and Attendance

The company’s governance and attendance at board meetings have also been questioned. Shareholders want to know:
Executive Chairman’s Absence: The extenuating circumstances that led to the executive chairman, Mr. Kevin Koo, being absent from the board meeting that he chairs [[Page 4]].
Director’s Attendance: Why Mr. Low Seow Juan missed several board and committee meetings, and whether these absent directors participated remotely via tele- or videoconferencing [[Page 4]].
Board Effectiveness: Whether the board is satisfied that directors have discharged their fiduciary duties and board committee responsibilities effectively [[Page 4]].

Conclusion

The upcoming meeting will be closely watched by shareholders, who are seeking clarity on various aspects of Credit Bureau Asia Limited’s business operations, licensing, and governance. The company’s responses to these questions may have a significant impact on its share price.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice. Readers should do their own research and consult with a financial advisor before making any investment decisions. The information contained in this article is based on publicly available data and may not be up-to-date or accurate.

View CreditBureauAsia Historical chart here