It has long been exceeded. Oren kito continuously lie to you whether knowing or without knowing it. The truth is they don't want 30%, they want it all. See the 51% case.

Many don't know this but

1) The government measure the percentage using par value, and not market value. As an example, both Berjaya and TNB have par value of RM1.00 per share, but their market value of shares aren't the same. Today, Berjaya is RM0.26 per share but TNB is RM9.75 per share. Tell me - do you still think 1 share of Berjaya is equal to 1 share of TNB? According to the government they're equal, but let's see if anyone would trade 100 shares of Berjaya with 100 shares of TNB.

2) A chunk, I repeat, a big fucking chunk of Malaysian share ownership is held by trust solely for the benefit of Malays. As an example, by far the LARGEST fund management in the country is PNB which is formed solely for the benefit of Bumiputeras as part of NEP. This government conveniently ignores this in their calculation. Can you imagine that some Bumis still dare to say they don't benefit anything? Bruh.

Look at this article 10 years ago by a Malay woman professor in UM. Surprisingly according to her studies, NEP achieved 30% back in 1997 DESPITE using PAR VALUE. Imagine if we used market value, can you imagine how much fucking higher Bumi share ownership is?



https://www.malaysiakini.com/news/58885