Capital Markets and Services Act 2007 s 23
s 23 Restriction on exchange holding company from reducing its shareholding
No exchange holding company shall reduce its shareholding in a stock exchange, a futures exchange, an approved clearing house or a central depository, as the case may be, to a level
below seventy five per centum, or such other percentage as may be specified from time to time by the Minister, of the total issued and paid-up capital in the stock exchange, futures exchange, approved clearing house or central depository, as the case may be, without first obtaining the written approval of the Minister.
Malay text (authoritative)
Sekatan ke atas syarikat pemegangan bursa daripada mengurangkan pemegangan sahamnya
Tiada syarikat pemegangan bursa boleh mengurangkan pemegangan sahamnya dalam suatu bursa saham, bursa niaga hadapan, pusat penjelasan diluluskan atau depositori pusat, mengikut mana-mana yang berkenaan, kepada suatu tahap di bawah tujuh puluh lima peratus, atau apa-apa peratusan lain yang ditentukan dari semasa ke semasa oleh Menteri, daripada jumlah modal syer
berbayar dan diterbitkan dalam bursa saham, bursa niaga hadapan, pusat penjelasan diluluskan atau depositori pusat itu, mengikut mana-mana yang berkenaan, tanpa mendapat kebenaran bertulis Menteri terlebih dahulu.
Read this section in the full act → · Open Division 2 →
Find Act 671 on lom.agc.gov.my ↗
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
