Government to ensure bumis get 30% equity


  • Nation
  • Tuesday, 27 Sep 2005

THE Government will strive to ensure that bumiputras own 30% of the equities in the country’s share market, said Finance Ministry parliamentary secretary Datuk Dr Hilmi Yahya. 

Replying to Teresa Kok (DAP – Seputeh), Dr Hilmi said Umno Youth’s laments that bumiputras had yet to own 30% of the equities in the share market were true. 

Earlier, replying to Kok, who wanted to know the top 20 companies listed in Bursa Malaysia based on market capitalisation and the percentage of shares held based on race, Dr Hilmi said eight such government-linked companies had either bumiputras or Khazanah Holdings as majority shareholders. 

Malayan Banking Bhd, the largest of the big cap companies with a market value of RM43.05bil, was 63.10% owned by bumiputras, Dr Hilmi said. Khazanah Holdings held 10% of the bank while non-bumiputras and foreigners held 8.14% and 18.76%, respectively. 

As for Telekom Malaysia Bhd, which has a market value of RM39.23bil, bumiputra ownership was 17.68% while Khazanah Holdings’ share was 35.2%. 

Non-bumiputras held 24.12% and foreigners 23%, he said. 

Bumiputras held 24.49% in Tenaga Nasional Bhd, non-bumiputras 29.51%, foreigners 8.3%, and Khazanah Holdings the remaining 37.7% share, he said. 

In Malaysia International Shipping Corp Bhd, bumiputras held 75.82%, non-bumiputras 8.82% and foreigners the remaining 15.36%, he added. 

Other big cap companies he cited were Sime Darby Bhd (bumiputras 51.89%, non-bumiputras 14.74%, foreigners 23.37% and Khazanah 10%), Petronas Gas Bhd (bumiputras 68.08%, non-bumiputras 20.64%, foreigners 1.28%, and Khazanah 10%), PLUS Expressways Bhd (bumiputras 59.17%, non-bumiputras 15.24%, foreigners 4.70% and Khazanah 20.89%) and Commerce Asset-Holding Bhd (bumiputras 15.14%, non-bumiputras 31.59%, foreigners 31.11%, and Khazanah 22.16%). 

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