MALAYSIAN investors intending to set up joint ventures in China have been advised to hold at least 80% equity in the business to ensure they have absolute control, a prominent businessman told Sin Chew Daily and Nanyang Siang Pau.
Kuala Lumpur and Selangor Chinese Chamber of Commerce president Tan Sri William Cheng said the business situation in China was unlike Malaysia, where investors had controlling rights if they held a stake of at least 51% in the firm.
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!