The exemption of capital gains tax (CGT) is needed to boost capital market performance and also to benefit the over 90% of investments in unit trusts that are made by individual investors.
Malaysia needs more young people to invest in the capital market to ensure that it remains vibrant, said Securities Commission Malaysia (SC) chairman Datuk Seri Awang Adek Hussin.
Purchase of Duck's holding company which appears to be owned wholly by Datin Vivy Yusof and husband Datuk Fadzarudin Shah Anuar was made same year GLICs invested RM47 mil
