Section 25 of the Capital Markets and Services Act 2007 provides that no person shall enter into any agreement or arrangement to acquire shares in Bursa Malaysia Berhad shares, if the acquisition of such shares, together with any shares already held by such person or by such person and persons acting in concert with him would amount to 5.0 percent or more of the issued and paid-up share capital of Bursa Malaysia Berhad shares, without obtaining the prior approval of the Minister of Finance.
An application for approval shall be made by the person intending to acquire the shares and shall be sent to the Securities Commission, whereupon the Securities Commission shall submit such application, together with its recommendation to the Minister of Finance.
YBhg. Datuk Ranjit Ajit Singh
3 Persiaran Bukit Kiara
50490 Kuala Lumpur
The application should include the details and justification of the transaction.