PKR: Listing to benefit rich Malays
- 9 years ago
PKR investment and trade bureau chief Wong Chen, said despite Prime Minister Najib Abdul Razak's promise that the FGVH initial public offering (IPO) will benefit Felda settlers, wealthy bumiputeras will be the main beneficiary.
According to the draft prospectus, he said, Felda settlers are only allocated 2.5 percent of the shares offered, compared to 11.5 percent allocated to bumiputera investors approved by the International Trade and Industries Ministry (Miti).
http://www.malaysiakini.com/news/199223
According to the draft prospectus, he said, Felda settlers are only allocated 2.5 percent of the shares offered, compared to 11.5 percent allocated to bumiputera investors approved by the International Trade and Industries Ministry (Miti).
http://www.malaysiakini.com/news/199223