Govt to set sale of bumiputera shares, companies only to bumiputera

PARLIAMENT | A new safety net framework will be introduced under the 12th Malaysia Plan (12MP) to ensure the sustainability of bumiputera equity ownership, the Dewan Rakyat heard today.

Prime Minister Ismail Sabri Yaakob said this is to allow the sale of bumiputera shares or companies to only be offered to other bumiputera consortiums, companies or individuals.

“On top of that, the holdings and disposal of ownership by bumiputera companies will be...