Equity safety net framework involves bumi-mandated agencies

“The sale proposal does not involve shares and/or companies that are to be sold by bumiputra individuals, non-bumiputras or foreign companies. On the contrary, the announcement (of the equity safety net) only involves the sale of shares and/or bumiputra companies by bumiputra-mandated agencies,” Mustapa said.

KUALA LUMPUR: The equity safety net framework proposed in the 12th Malaysia Plan (12MP) refers only to the sale of shares or companies by bumiputra-mandated agencies and will not take away the interests of other races, says Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed.

In a statement yesterday, he said these bumiputra-mandated agencies only consist of institutions of bumiputra interest and bumiputra trust agencies.