Capital Markets and Services Act 2007 s 25
s 25 Control in shareholding of exchange holding company
(1) Notwithstanding section 24, no person shall enter into any agreement or arrangement to acquire any voting shares of an exchange holding company by which, if the agreement or
arrangement is carried out, he would acquire, together with any other voting shares of the exchange holding company which were then already held by him, or by him and by persons associated with him, voting shares of five per centum or more of the aggregate of the nominal amount of all the voting shares in the exchange holding company, without first obtaining the prior written approval of the Minister.
(2) An application for approval under subsection (1) shall be made by the person intending to acquire voting shares referred to therein and shall be sent to the Commission, whereupon the Commission shall submit such application, together with its recommendation to the Minister.
(3) The Minister may grant his approval subject to such terms and conditions as he thinks fit to impose.
Malay text (authoritative)
Kawalan pemegangan saham syarikat pemegangan bursa
(1) Walau apa pun seksyen 24, tiada seorang pun boleh membuat apa-apa perjanjian atau perkiraan untuk memperoleh apa-apa syer mengundi suatu syarikat pemegangan bursa yang, jika perjanjian atau perkiraan itu dijalankan, dia akan memperoleh, bersekali dengan mana-mana syer mengundi syarikat pemegangan bursa itu yang sedang dipegang olehnya, atau olehnya dan orang
yang bersekutu dengannya, syer mengundi sebanyak lima peratus atau lebih daripada agregat amaun nominal kesemua syer mengundi dalam syarikat pemegangan bursa itu, tanpa mendapat kelulusan bertulis Menteri terlebih dahulu.
(2) Suatu permohonan untuk kelulusan di bawah subseksyen (1) hendaklah dibuat oleh orang yang berniat hendak memperoleh syer mengundi yang disebut dalamnya dan hendaklah dihantar kepada Suruhanjaya, dan seterusnya Suruhanjaya hendaklah mengemukakan permohonan itu, bersama dengan syornya kepada Menteri.
(3) Menteri boleh memberikan kelulusannya tertakluk kepada apa-apa terma dan syarat sebagaimana yang difikirkannya patut untuk dikenakan.
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).
