Why compare this case with the EcoWorld stake sale?

Question

## Lim Guan Eng compared the two cases to draw a line between a government-imposed property rule and a private share sale.

Accepted Answer

Lim Guan Eng used the EcoWorld stake sale to show that Malaysian Chinese accepted a commercial transaction between private parties, while objecting to a separate rule that requires at least 50 per cent Bumiputera equity for buyers of GLC and GLIC properties worth RM20 million and above. His point was that the two matters are not the same: one is a private equity transfer, while the other is a policy condition imposed on acquisitions involving GLCs and GLICs.

Reading history

Hide →

This history is cleared when the page is closed.

Why compare this case with the EcoWorld stake sale?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends