Najib slashes Bumiputera equity quotas, FIC role News
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 Jul 2 2009, 02:14 AM
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#1
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319 posts Joined: Nov 2005 
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QUOTE(jasonlim1 @ Jul 2 2009, 01:55 AM) i understand now... 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 ? |
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Jul 2 2009, 12:41 PM
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#2
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Junior Member
319 posts Joined: Nov 2005
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QUOTE(! Love Money @ Jul 2 2009, 03:12 AM) they must maintain the 12.5%... so if trading involve with any bumi will subjected with FIC rules... But how are they going to maintain at min 12.5% when the trading can exchange between non-bumi and bumi ?and with this new FIC rules this wil draw less investor attention bcoz majority investor in stock market are Chinese  Unless bumi can only sell to bumi lots just like houses. Anybody know ? |
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