Rehda: 30% Bumiputera equity requirement more palatable to developers
PETALING JAYA: The return of the Bumiputera equity requirement for qualifying property disposals by government-linked companies (GLCs) and government-linked investment companies (GLICs) to 30% from 50% is more palatable to developers, said Real Estate and Housing Developers’ Association Malaysia (Rehda) president Datuk Zaini Yusoff. He said the higher threshold had created difficulties for some GLCs…
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