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Make bumi shares like Malay reserve land
Published:  Oct 16, 2006 4:14 AM
Updated: Jan 29, 2008 10:21 AM

In this way, whatever amount of shares first owned by bumis and subsequently sold in the market, it must to be bought by other bumis.

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Solution: One way to prevent bumi equity from being depleted each time after an IPO (initial public offering) is to stamp all shares allocated to bumis as 'Malay Reserve'. In this way, whatever amount of shares first owned by bumis and subsequently sold in the market, it must to be bought by other bumis. It's the same way as it is done with Malay reserve land.

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