the changes.. like no change liddat..

"but they will now have to offer 50 per cent of the public shareholding spread to Bumiputera investors". This is even worst than the 30% equity. This is shitlah! Does this means that whenever a company goes for listing, 50% of public shareholding must be in Bumi hands. If the major shareholder holds 50% of the company's shares, this will leave the Non-Bumi public to buy 25% of the shares only.

hey can I say slowpoke to TS...

cause i saw similar threads in business section

can some1 post up the summary ?

No you can't. This is kopitiam. That is business section.

it's not 50% of the whole share lah... it's just 50% of the 25% listed in bursa. that means bumi entitled for 12.5% minimum. however, if the total shares listed in bursa is 40-50 or maybe 60%, that means bumi will entitle for 20, 25 or 30%. my question is does this new requirement applies to existing shares in bursa and what if currently 70% owned by non-bumi individuals.

Correct me, but I think it's something like this. SC requires 25% of a company's shares to float on the KLSE if it goes for IPO. Out of that 25%, half gets allocated to bumis. So if all bumi-allocated shares are taken up they will own 12.5% of the company while the balance 87.5% can be owned by any entity; bumi, non-bumi and foreigners. Is that right ah?

In the past, bumi equity must be 30% before passing for listing, then 25% gets floated. Out of the floated amount, both bumi and non-bumi are allowed to buy, but no fixed allocation. So in the past, bumi will get minimum 30% first, then balance 25% floated and 45% directors and principal shareholders. Is that correct?

So now they're saying, companies need not allocate 30% like in the past, now they can own up to 75% of their own company and offer up 25% for the public, of which 12.5% must be allocated to bumi.

Some sort like that la, or maybe I'm wrong? Any expert views out there?

I think this should only apply to companies going for new listing. If they were to do a recount of all existing shareholders of listed shares, wouldn't it be a chaotic mess? After all, PM is trying to encourage fresh FDI into the country right? Also to invite those foreign companies that cabut last time due to the 30% ruling to come back.

then if no IPO no lah 50%. then it means it's possible to have a company 100% non-bumi ?

IT DOES NOT MAKE SENSE!

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most investor gurus do not recommend to go for IPO (as in recent events past year) unless the company is solid and with strong foundation. and to ask bumi to snap 50% released IPO is like asking them to snap ASN...

This post has been edited by if-then-else: Jul 1 2009, 01:28 AM

Private listed company why not? I don't think there's any provision for bumi ownership in private companies, is there?

allocated to bumis, this means i can use bumi to purchase the 50% for a non bumi or not? It's just the IPO only right, sure they want to sell to us in the end . You profit, I profit.

This post has been edited by spacelion: Jul 1 2009, 02:42 AM

more money for melayus umno huhu

This post has been edited by zimhibikie: Jul 1 2009, 11:06 AM

this is our rights as enshrined in the social contract and constitution, if u all dare to challenge our rights, i'll get Khairy's Putera to soak your blood with my keris, mat rempit to kepung u, Gagasan Melayu to demonstrate in front ur office (after we pray at Masjid Jamek).

Najib also cannot dispute our rights, its is unislamic. Must consult with Sultan of Perak as he is the protector of our rights.

nak kena tampar ke?

Aisehman doesn't dissappoint -

http://aisehman.org/?p=1442

so it is true that possible to have a PUBLIC listed company to be non-bumi owned unlike the previous ruling. So let's say if the company does not want to have IPO and issues rights and convertible warrant instead to raise capital, the 50% quota does not apply?

Sh*t wrapped in silk compared to sh*t wrapped in paper = its still sh*t.

This post has been edited by styrwr91: Jul 1 2009, 02:45 PM

New policies 'a win-win for all'
From now on, however, with the 30 per cent rule scrapped, companies only need to offer half of the public spread to Bumiputera investors. This effectively means that Bumiputeras will hold at least 12.5 per cent in initial public offerings.
http://www.nst.com.my/Current_News/NST/Wed...icle/index_html

i understand now...