SC says it will uphold takeover rules, regulations

The SC's focus will be on the timely and adequate disclosure of information to the shareholders.

PETALING JAYA: In what seemed to be a veiled response to the criticism about the privatisation of Malaysia Airports Holdings Bhd (MAHB), the Securities Commission (SC) has assured stakeholders that it will “ensure adherence” to the capital market’s rules and regulations on takeovers.

The statement from the SC came three days after Gateway Development Alliance Sdn Bhd (GDA) – the consortium led by Khazanah Nasional Bhd – lowered the self-imposed acceptance threshold for the takeover to 85% from 90%.