oh, IPO only... once in bursa, it becomes alibaba, and the company becomes 100% owned by non-bumi......

Does that mean the 12.5% min has to be maintained at all times ?

What if the 12.5% bumi sell off all their shares to non-bumi after IPO ?

Then it becomes 100% non-bumi owned loh Much like what happens to most projects handed to some bumis, they Ali-baba the project and make a quick buck.

they must maintain the 12.5%... so if trading involve with any bumi will subjected with FIC rules...

and with this new FIC rules this wil draw less investor attention bcoz majority investor in stock market are Chinese

Joe Mamak, please stop help bijan spread his sugar-coated lies ---

"The 30 per cent requirement remains" and furthermore, now all IPO companies have to set aside 50% for bumiputras !

It's actually a hike of bumiputra equity, not as what your title says.

Stop spreading lies, please !!!!!!!

This post has been edited by convivencia: Jul 2 2009, 09:25 AM

the rule requires 50% of the public share in the market, not 12.5% of total but 50% of market share. if the company dispensed 40% in bursa, that means it will be 20% compelled to sell to bumi. the question is does it apply to shares in current market, or only IPO. I don't think you need to subject 25% total shares when a company releases IPO (i.e, anytime a company raises IPO, it requires to set 25% of its total share), but there must 25% of total shares listed in bursa. So that means to have bumi own minimum 12.5% is impossible if the new ruling does not subject to shares already in the market.

But how are they going to maintain at min 12.5% when the trading can exchange between non-bumi and bumi ?

Unless bumi can only sell to bumi lots just like houses.

Anybody know ?

so how many bumis gonna be the high risk takers

http://www.dailyexpress.com.my/print.cfm?NewsID=20619