"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.