99. Acquisition of interest in shares requiring approval

shall enter into an agreement or arrangement, to acquire any interest in shares of a licensed person by which, if the agreement or arrangement is carried out, he would hold

who has obtained an approval of the Bank under paragraph 102(3)(a), or the Minister under subsection 102(6) in respect of the prohibition under subsection (2), as the case may be, shall enter into any subsequent agreement or arrangement, by which, if the agreement or arrangement is carried out, he would hold an aggregate interest in shares of a licensed person of, or exceeding—

any multiple of five per cent; or

the percentage holding for a mandatory offer under the Malaysian Code on Take-Overs and Mergers prescribed under section 217 of the Capital Markets and Services Act 2007.

the approval of the Bank—

under subsection (1), for any subsequent acquisition of interests in the shares of a licensed person, if—

such person has already obtained the approval of the Bank under that subsection; and

such acquisition will result in the person holding interest in shares which is less than any multiple of five per cent; or

under subparagraph (1)(b)(i), if the approval of the

the approval of the Minister under subsection (2) for any subsequent acquisition of interests in the shares of a licensed person if such person has already obtained the approval of the Minister under subsection 102(6) to hold an aggregate of more than fifty per cent of interest in shares of the licensed person.