Here we go again. Robert Kwok's memoir does tell a tale about such share grab .
" MISC (Malaysian International Shipping Corporation) was actually established by Kuok together with Frank WK Tsao.
Within a year of establishment, however, Prime Minister Abdul Razak came knocking asking for free shares. Razak, the father of the current Prime Minister Najib Razak, shamelessly told Robert Kuok – “I want you to make a fresh issue of 20% of new shares. I’m under pressure because there is not a high enough Malay percentage of shareholding.”
Of course, those 20% of MISC shares didn’t go to the poor FELDA settlers but the elites within UMNO. But the Malays didn’t know that. The daylight robbery didn’t end there though. Two years later, thanks to MISC roaring success, the same Abdul Razak came knocking again – this time demanding another 20% – making Malaysian government the largest single shareholder.
Kuok’s memoirs also revealed how the greedy and powerful Malays abuse the 30% free stake of Chinese companies for the so-called poor Malays. After given the free shares, the elite Malays would sell off their shares for profit. Then they would claim that the same company that had already given away 30% has not fulfilled the obligation and is forced to give – again – free shares to meet the 30% requirement. "

Source

Excuse excuse excuse.

Just because barrier high, you can demand people to give up majority stake in their hard work biz?

Where's the quota for AP market for the nons? I don't even think there's a SINGLE representative for the nons here.

If you can't answer this, you're full of shit.

30% still ok, 40% still ok, 49%... er, still ok... but wtf... becomes 51% take over control of company? I mean, force people to give over control of company also can?

Ya.. suddenly 30% looks like a good deal...😢

How is this going to help the majority Malays?! Only helang Malays adalah

Lepas tu saudara oren kito lari dari bayar cukai, tak bayar zakat

WKS got say anything?

is that the same trick they use to swallow robert kuok's sugar business ? ppl spend a life time to build it up, then just swallow it by implement a new law.

Marry bumi wife, transfer 51 ownership to her

but with all these tongkats, legally top 10 richest in malaysia have less earth prince

burnnn