{"id":752,"date":"2011-06-07T12:02:22","date_gmt":"2011-06-07T04:02:22","guid":{"rendered":"http:\/\/www.nbc.com.my\/blog\/?p=752"},"modified":"2024-11-01T11:29:29","modified_gmt":"2024-11-01T03:29:29","slug":"apply-miti-approved-bumiputra-ipo-shares","status":"publish","type":"post","link":"https:\/\/www.nbc.com.my\/blog\/apply-miti-approved-bumiputra-ipo-shares\/","title":{"rendered":"How to apply for MITI approved bumiputra IPO shares?"},"content":{"rendered":"

\"miti-ministry-international-trade-and-industry\"<\/a>
\n.<\/span>
\n7 June 2011 is the closing date for IPO bumiputra special shares application to Ministry of International Trade and Industry (MITI) as the approved bumiputra investors, in respect of initial public offering for OLDTOWN Berhad and Bumi Armada Berhad. If you missed this deadline, you still can apply the IPO shares under Malaysian public category when the IPO launched later.<\/p>\n

.<\/span>
\nDefinition and criteria of Bumiputra investors<\/span><\/strong><\/p>\n

All Bumiputra investors who are interested to apply for IPO special shares need to register with the MITI by submitting the registration form<\/a> at MITI portal. Bumiputra investors include individuals, companies and cooperatives who meet the definition and criteria of bumiputra status set out below:<\/p>\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n
Bumiputra<\/strong><\/span><\/td>\nDefinition and criteria<\/strong><\/span><\/td>\n<\/tr>\n
\n

Individual<\/span><\/p>\n<\/td>\n

For Peninsular Malaysia : Bumiputera as defined under Article 160(2) of the Federal Constitution.<\/span><\/td>\n<\/tr>\n
For Sarawak and Sabah, Bumiputera as defined under Article 161(A) Clauses (6a), (6b) and (7) of the Federal Constitution.<\/span><\/td>\n<\/tr>\n
\n

Company<\/span><\/p>\n<\/td>\n

Established under the Companies Act, 1965,
\nPaid-up capital of at least RM25,000,
\nShareholders are 100% Bumiputera,
\nBoard of Directors are at least 51% Bumiputera,
\nManagerial and Professional Staff are at least 51% Bumiputera,
\nSupporting Staff are at least 51% Bumiputera<\/span><\/span><\/td>\n<\/tr>\n
\n

Cooperative<\/span><\/p>\n<\/td>\n

Shareholders or cooperative members must be at least 95% Bumiputera.<\/span><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n