KUALA LUMPUR (Oct 14): Malaysia needs strict corporate reverse takeover (RTO) rules to protect minority shareholders, AmInvestment Bank Bhd executive vice-president and head of equity markets Gan Kim Khoon said.

The Edge Malaysia business and investment weekly in its latest October 16 - 22 issue, quoted Gan as saying strict RTO rules ensure quality listings on Bursa Malaysia.

“The rules are there to ensure quality listings. Of course, we will always have certain parties that wish the rules are relaxed so that they can circumvent or bypass the RTO process,” he said.

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