PETALING JAYA: Bank Negara has lifted the cap on purchases by banking institutions of shares on Bursa Malaysia, previously limited to 5% on any single listed company, effective yesterday.
In a statement yesterday, the central bank said the types of shares that an institution could invest in under the new framework would be expanded to all listed shares, preference shares, unlisted shares and foreign equities.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! 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!