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Flaws in EPU's apparent methodology
LJ Wong | Oct 17, 06 12:46pm
Typically, a company starts operations with paid-up capital based on par value that remains at this level for a long time. It doesn’t need to increase paid-up capital (so long as it is not short of new capital injection) because the accounting and business fraternities value the shares on market value.

Par value of shares have little significance except for a archaic company law disclosure requirement. For example, a company starts with paid-up (par value) capital of RM1 million in 2006 and is awarded a 10-year contract to build a bridge.
Applying the methodology
Political connections



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