Why does Lim say the move disappoints PH supporters?

Question

## Lim Guan Eng says the 50% Bumiputera equity rule disappoints PH supporters because it represents a shift away from the previous 30% threshold and PH’s stated “status quo” approach.

Accepted Answer

Lim Guan Eng said the requirement for buyers of GLC and GLIC properties worth RM20 million and above increased Bumiputera equity ownership from 30% to 50%. He said this change “caused disillusionment amongst the PH base supporters,” adding that the updated rule was “disappointing and contrary to PH’s approach of maintaining the status quo.”

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Why does Lim say the move disappoints PH supporters?

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