KUALA LUMPUR (Bernama): The government plans to clarify the recently-announced proposal to allow the sale of Bumiputra shares or companies only to Bumiputra consortiums, companies or individuals, says Minister in the Prime Minister's Department (Economy) Datuk Seri Mustapa Mohamed.
“I acknowledge there has been confusion and we will have to clarify that. We will do this in due course,” he said on TV3’s Money Matters programme on Saturday (Oct 2). He explained that Bumiputra share ownership comprised shares owned by Bumiputra individuals as well as Bumiputera-mandated institutions, and together they made up about 17.2% of shares owned in 2019.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
