Standards of Malaysia Act 1996 · s 8

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s 8Minister of Finance to hold shares

(1)

The Minister of Finance shall not—

(a)

sell or otherwise dispose of any shares in the successor company held by him to any person; or

(b)

permit shares in the successor company to be allotted to any person.

(2)

Nothing in subsection (1) shall apply to redeemable preference shares that—

(a)

are not convertible into shares of any other class; and

Standards of Malaysia 15

(c)

do not confer any rights to vote at any general meeting of the successor company.