Im new to stock atm, wanted to ask what is MITI and how to know if a stock got MITI or not and why does MITI matter sir


EDITED

Is this MITI u guys talking about ? https://sahamonline.miti.gov.my/portal/faq

This post has been edited by froz3nnoob: Feb 17 2024, 12:34 PM

From my understanding MITI = bumiputra company that listed but what the benefit of MITI companies for non trader?

BUMIPUTERA EQUITY REQUIREMENT FOR PUBLIC LISTED COMPANIES
The Securities Commission Malaysia (“SC”) was mandated by the Malaysia Government to process the Bumiputera equity requirement for public listed companies (“Bumiputera Equity Requirement”) aspects of certain corporate proposals.
The FAQ served as a guide on the Bumiputera Equity Requirement based on the policy by the Malaysia Government.

Corporations seeking listing on Bursa Malaysia Securities Berhad (“Bursa Malaysia”) are required to allocate 12.5% of the enlarged number of issued shares to Bumiputera investors to be approved or recognised by the Ministry of International Trade and Industry (“MITI”). This includes licensed financial institutions (“Licensed FIs”) seeking listing on Bursa Malaysia, whereby the shares to Bumiputera investors shall be allocated by the Ministry of Finance (“MOF”) instead.

In addition, at least 50% of the shares offered to the Malaysian public investors via balloting must be made available to Bumiputera public investors (“Bumiputera balloting allocation”). However, if there are no shares offered to the Malaysian public investors, the Bumiputera balloting allocation will not applicable.

I didnt know this rules exist, im so new on stock atm... need to do more read and guide catchup soon