Big challenge to find bumi businessmen willing to take up 51% equity, say freight forwarders’ associations

  • Nation
  • Friday, 24 Sep 2021

KLANG: Logistics and freight forwarding companies holding Customs Department brokerage licences to conduct their business are worried that they may have to close down.

This is because these companies are required to have 51% bumiputra shareholders before they can renew their Customs brokerage licence at the end of every year.

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