SMI

In Bangsar · completed 1994

Also known as SMI Berhad

What we found

The Securities Commission sanctioned SMI and its board in March 2026 over how they handled the stalled takeover offer, including withholding shareholder register (Record of Depositors) data from the bidder since August 2024; in August 2026 SMI and four directors applied to the High Court for judicial review to overturn the sanctions.

The evidence

Regulatory and legal

Negative

In January 2025 SMI filed for judicial review in the Johor Bahru High Court against the Securities Commission's decision to let the bidder put six nominee directors on SMI's board before the offer document went out.

Corporate continuity

The takeover offer for SMI came from major shareholders comprising Francis Leong and two Techbase-linked subsidiaries.

Their buildings

Jamnah View: the pedestrian entrance beneath the Jamnah View sign

Jamnah ViewBangsar · 1994One of Bangsar's earliest condominiums, praised for peaceful, quiet setting on high ground with city views and excellent low-density privacy. Forum posts note very well-maintained facilities and beautifully maintained exterior. Age of building (30+ years) may be reflected in some wear.