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Bnm/minister of finance 的law for banking industry. 没人能有绝对股权. 除了hongleong 还有public bank founder. 但是public bank不再享有这个特权因为founder gg.com 了。 所以现在只剩下hongleong. Good luck.
"According to Section 92 of Financial Services Act, individuals are prohibited from owning more than 10 per cent stake in a financial institution unless they already held the stake before June 30 2013.
"As such, for the individual(s) who will inherit Tan Sri Teh's stake, he/she (they) cannot hold more than 10 per cent stake per person,"
expect MnA in the future for splitting the stake of the late founder so as to ensure there is an appropriate portion of share being inherited by the beneficiaries
Auditor. Yes. Because banking is a train head and significant in one country's economy. So government came out this to ensure no one can manipulate the market. That is why teh spilt his shares equally to his next of kin to meet this criteria. Good luck.
Already inherited to his next of kin. Each of them hold equal share and None of them has substantial control. If they unite, then still owned by teh family. Otherwise Good luck.
