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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: MCsweet who wrote (1524)	1/24/1998 10:21:00 PM
From: Stitch	Respond to of 9980

McSweet, In essence I do not know the answer to your question other then there was a recent develpment based on the meetings in Geneva of the World Trade Org. (this was about 5-6 weeks ago in my recollection?)in which Malaysia amended rules allowing up 51% ownership of corporations registered in Malaysia (Sinderian Berhard). There are, of course, circumstances where foreign companies can own more, based on what is known as "incentives negotiations" with the local authoritys when companies contemplate establishing operations here. None of this has anything to do with buying equities on listed stocks on the KLSE of course. I assume you saw the post in which I noted that apparently there is no prmium in buying Sime darby on the OTC versus direct on the KLSE, (just based on comparing Friday's close). I do know that, even as a foreigner, I am able to open a local brokerage account and buy/sell stocks. But of course I wouldn't come near to owning any sizeable per centage. Bottom line, I am confused about exposure on WEB in case of further relaxing of foreigner investment statutes. I will mention that rules here can change dramatically and suddenly. This precipitous nature of rules is one factor increasing risk in terms of contemplating investments here. Best, Stitch