Abstract:The Malaysian government's approach to soft nationalisation through the New Economic Policy did not involve coerced sale of foreign investments in the country. The Government formulated its policy on an 'expanding cake' theory, where the prospect of gains from economic growth would be offset by the loss of control by the sale of equity to local and indigenous investors. This study examines the complex corporate divestment undertaken by a major foreign-owned agency house in Malaysia, the Barlow Boustead Estates… Show more
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