THE Securities Commission (SC) will maintain the 30% bumiputra portion of the initial public offering (IPO) for companies going for a listing on the KLSE as spelt out under the economic policy.
Chairman Datuk Ali Abdul Kadir said SC would not insist the government top up the figure to avoid greater risk in the capital market.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!