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Putrajaya decides to withdraw approval of indirect property acquisition by Tamaco from TH Plantations | Malay Mail

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Putrajaya decides to withdraw approval of indirect property acquisition by Tamaco from TH Plantations

Minister in the Prime Minister’s Department Datuk Seri Mustapa Mohamed speaks during Question Time in Parliament today, December 8, 2020. ― Bernama pic

Minister in the Prime Minister's Department Datuk Seri Mustapa Mohamed and Minister in the Prime Minister's Department Datuk Seri Zulkifli Mohamad Al-Bakri disclosed this in a joint statement here yesterday. The guidelines stipulated that dilution of properties by Bumiputera interests via direct or indirect acquisition by non-Bumiputera interests is based on retention of at least 30 per cent equity ownership for the latter.

 

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