12MP review: Shareholder transparency laws to be reviewed, says PM
The Star
2023-09-11
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Laws will be reviewed to ensure greater transparency of shareholdings, particularly of bumiputra-owned companies, says Datuk Seri Anwar Ibrahim.
The Prime Minister said when tabling the 12th Malaysia Plan (12MP) mid-term review in Parliament on Monday (Sept 11) that this was because there were still many instances where nominee shareholders were not named as the true owners.
Anwar, who is also Finance Minister, also assured that bumiputra companies would continue to benefit from the government's overall funding support provided through 16 bumiputra agencies.
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The Prime Minister said when tabling the 12th Malaysia Plan (12MP) mid-term review in Parliament on Monday (Sept 11) that this was because there were still many instances where nominee shareholders were not named as the true owners.
Anwar, who is also Finance Minister, also assured that bumiputra companies would continue to benefit from the government's overall funding support provided through 16 bumiputra agencies.
Read more at https://tinyurl.com/bddf574d
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
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