MITI - Bumiputera Shares

Application of Bumiputera Special Shares

1. INTRODUCTION

1. These guidelines provide an explanation on the conditions and procedures to be complied with by individuals, companies or cooperatives when applying for Bumiputera Special Shares through the E-Form.
2. Bumiputera investor interested in subscribing the special shares has to register with MITI by filling in the User-ID Registration Form at the MITI portal, before logging into the system.

2. DEFINITION / CRITERIA OF BUMIPUTERA INVESTORS

1. Individual        :     ANNEX A
2. Company        :     ANNEX B
3. Cooperative    :     ANNEX C

3. GENERAL GUIDELINES

1. In line with the Services and Capital Market Act 2007, an investor who applies for shares that are worth less than RM250,000 is required to prove:

1. for an individual, a net asset worth of at least RM3 million; and
2. for a company, a net asset worth of at least RM10 million.

2. Applications must be submitted within the specified timeframe. Applications received after the deadline will not be considered.
3. Receipt of a complete application, including proof of financing, is not a guarantee that the applicant will be allocated the shares as applied. MITI reserves the right in deciding the number of shares to be allocated to each investor.
4. An investor must carry out his own detailed and comprehensive analysis and evaluation on the performance of the company offering the shares.
5. MITI will not be held responsible for any profit gained or loss suffered arising from the subscription of the shares.
6. An investor must, to the best of his ability, take up all the shares allocated and make payment within the timeframe set by the merchant banker/company.
7. Since a failure to accept the shares allocated will affect the listing processes and schedule of a company, an investor who rejects the allocation may be blacklisted.

4. SUPPORTING DOCUMENTS REQUIRED

1. Application Letter / Letter of Intent
2. Investor's profile:

1. Individual           -      Individual Profile Form
2. Companies         -      Companies Profile Form
3. Cooperative       -      Cooperative Profile Form

3. Supporting financing letter from financial institutions
4. Proof of financial capacity, such as:

1. The latest Bank Statement, for the last three months
2. Shares Certificate
3. ASN, ASB, Tabung Haji
4. Employees Provident Fund Statement 
5. Other documents proving financial capacity or ownership of assets

5. For a company / cooperative, to submit the following additional documents:

1. The Latest Audited Financial Report
2. Board of Directors’ Resolution for the shares applied
3. The Latest Form of Annual Return, Form 24 and Form 49 (for company only)

5. SPECIAL BUMIPUTERA SHARES TO BE ALLOCATED

6. APPLICANT TO PRINT OUT COMPLETED FORM AND SUBMIT BEFORE SPECIFIED DEADLINE TO:

Director
Bumiputera Business Development Section
Entrepreneurship Development Division
MITI Putrajaya Level 7, Menara Usahawan
No. 18 Persiaran Perdana, Prescint 2
62652 Putrajaya.