How does this guideline affect the management of retirement funds like EPF?

Question

## The updated Property Acquisition Guidelines mandate that any disposal of assets by Government-Linked Investment Companies (GLICs) such as the Employees Provident Fund (EPF) valued at RM20 million or more must now meet a 50 per cent Bumiputera equity requirement for the buyer.

Accepted Answer

This policy shift, which came into effect on November 18 last year, increases the previous threshold of 30 per cent for Bumiputera equity ownership in such transactions. The regulation applies to strategic asset disposals by Government-Linked Companies (GLCs) and GLICs, aiming to align these divestments with national socioeconomic objectives and the Bumiputera agenda.

Reading history

Hide →

This history is cleared when the page is closed.

How does this guideline affect the management of retirement funds like EPF?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends