Shareholding Restrictions

• According to Section 25 of the Capital Markets and Services Act 2007, notwithstanding Section 24, no person shall enter into any agreement or arrangement to acquire any voting shares of an exchange holding company by which, if the agreement or arrangement is carried out, he would acquire, together with any other voting shares of the exchange holding company which were then already held by him, or by him and by persons associated with him, voting shares of five per centum or more of the aggregate of the nominal amount of all the voting shares in the exchange holding company, without first obtaining the prior written approval of the Minister.

• An application for approval under subsection (1) shall be made by the person intending to acquire voting shares referred to therein and shall be sent to the Commission, whereupon the Commission shall submit such application, together with its recommendation to the Minister.

• The application should be addressed to :

  Datuk Syed Zaid Albar
  Executive Chairman
  Securities Commission Malaysia
  3 Persiaran Bukit Kiara
  Bukit Kiara
  50490 Kuala Lumpur
  Malaysia

• The Minister may grant his approval subject to such terms and conditions as he thinks fit to impose.