Top fund managers and industry officials voiced support for the stock market regulator's new rules on share ownership, but said more legislation to protect minority shareholders was also needed.
The new regulations introduced by the Securities and Commodities Authority (SCA) this week require investors to notify the market immediately if they plan to purchase a shareholding in a public company of 30 per cent or greater.
Investors will have to disclose once their holdings in affiliated entities of listed stocks reaches 10 per cent and when their combined holdings in a public company reaches 5 per cent.
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