Is my mistake to say the entire chinese community are upset of the takeover. I realised this as among some of the forumers here (which i assume as chinese), they sound "happy" over this force takeover of SP Setia by PNB. My apology and i retract this statement.
Finally the root cause of all these anti sentiments of SP Setia is out.
The truth is Tan Sri Liew invited the Malaysian GLCs to open their door for SP Setia to team up with them. Tan Sri wanted the money and opportunities to be given to them. He is fully aware on the dangers he is courting as a public company which uses public funds and traded on the stock exchange, it can be taken over anytime. If you do not want anyone to take over, then do not list the company. Keep it as a private limited company.
In another words, Tan Sri chose to take this route himself.
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KUALA LUMPUR, Aug 14 – Top property developer Tan Sri Liew Kee Sin today punctured the Chinese community’s complaints that it had been treated unfairly by the government, pointing out that Malaysian-Chinese have fared well under pro-Bumiputera policies.
Liew also argued that the increased presence of government-linked companies (GLCs) in the market meant that Chinese businesses would soon have no choice but to tap into Malay expertise and funds if they wished to increase revenues in the future.
“Today, the government has money through GLCs (government-linked companies)... They can buy buildings off you, they can buy your supermarkets, your hypermarkets, you shopping centres from you. That will give you a big source of income,” he said.
“It’s up to us. Do we want to tap into their expertise, financial abilities? Do you want to tap into their so-called connections?”
However, Liew stressed that such Malay-Chinese cooperation required a spirit of give-and-take.
“Before we start asking them to give us more liberal policies... we must also allow them to come to our sector, things that we are good at. If not, this so-called collaboration will not happen. They will not allow us,” he said.
“If we were to say we want to take a bigger pick from this economic cake from under the NEM (New Economic Policy)... we must also learn to give in.
“We must also learn to take a step back. We must also learn how to live with their culture, their mindset.”
He explained that the Malays still feared that the Chinese would “run over them and kill all of them” if they (the Chinese) were not bound by pro-bumiputera policies.
“That is their mindset. Whether it’s inferiority complex or whether it’s upbringing, whether it’s cultural... it is there,” he said.
Liew reminded delegates that it was only pragmatic for Chinese companies to link up with Malay ones as business was all about profit, not politics.
“We’re in business. Our job is to make money,” he said.
“Are we prepared to be a small fish in big market or the big fish in a small market? It’s up to us.”
- See more at:
http://www.themalaysianinsider.com/...hinese-thrived-under-nep#sthash.36E2ZSoL.dpuf
