Bursa Malaysia says no plan to implement dual-class shares structure
PETALING JAYA: Bursa Malaysia has denied plans to implement the dual-class shares structure, which has raised concerns over outsized powers that company founders and leaders will have compared with the current one share, one vote system.
“There have been some misleading reports of late which have caused confusion on Bursa Malaysia’s position on the listing of dual-class shares. Bursa Malaysia’s position has been misunderstood and taken out of context,” the regulator said in response to a wire report that the dual-class shares structure is being considered.
Bursa Malaysia stressed that it does not have plans to facilitate the listing of dual-class shares.
“In Bursa Malaysia’s pursuit to remain attractive and competitive, we are committed to upholding market integrity and ensuring sound investor protection in all our market development initiatives,” it added.
Source: The Sun Daily