promoted product "promoted product" means any product determined by the Minister in accordance with section 4 and includes the product referred to in section 4A,4B or 5(1A); [Subs. Act A993] "related company", in relation to a company, means a company- (a) the operations of which are or can be controlled either directly or indirectly, by the first-mentioned company; (b) which controls or can control, either directly or indirectly, the operations of the first mentioned company; or (c) the operations of which are or can be controlled, either directly or indirectly, by a person or persons who control or can control, either directly or indirectly, the operations of the first-mentioned company: Provided that a company shall be deemed to be a related company of another company if- (aa) at least twenty per cent of its issued share capital is beneficially owned, either directly or indirectly, by that other company; or (bb) at least twenty per cent of the issued share capital of that other company is beneficially owned, either directly or indirectly, by the first-mentioned company; [Subs. Act A993] ACT 327 - PROMOTION OF INVESTMENTS ACT 1986 2. Interpretation.
promoted product "promoted product" means any product determined by the Minister in accordance with section 4 and includes the product referred to in section 4A,4B 4D, 4E, 4F or 5(1A); [Subs. Act A993; Am. Act A1318] "reinvestment" means- (i) in relation to manufacturing activity, capital expenditure incurred in Malaysia as prescribed under paragraph 29(7)(i) and subsection 29(8) for the purposes of expansion, modernisation, or automation of production facilities of the same promoted activity or promoted product; (ii) in relation to hotel business, capital expenditure incurred in Malaysia as prescribed under paragraph 29(7)(iii) and subsection 29(8) for the purposes of expansion, modernisation or renovation of the same hotel business; (iii) in relation to tourist project, capital expenditure incurred in Malaysia as prescribed under paragraph 29(7)(iv) and subsection 29(8) for the purposes of expansion or modernisation of the same tourist project; (iv) in relation to research and development activity or services, capital expenditure incurred in Malaysia as prescribed under subsections 29D(6) and (7), 29E(6) and (7), and 29F(6) and (7) for the purposes of expansion or modernization for the same promoted activity; and (v) in relation to manufacturing related services, capital expenditure incurred in Malaysia as prescribed under paragraph 29(7)(v) and subsection 29(8) for the purposes of expansion or modernisation for the same promoted activity. [Ins. Act A1318] "related company", in relation to a company, means a company- (a) the operations of which are or can be controlled either directly or indirectly, by the first-mentioned company; (b) which controls or can control, either directly or indirectly, the operations of the first mentioned company; or (c) the operations of which are or can be controlled, either directly or indirectly, by a person or persons who control or can control, either directly or indirectly, the operations of the first-mentioned company: Provided that a company shall be deemed to be a related company of another company if- (aa) at least twenty per cent of its issued share capital is beneficially owned, either directly or indirectly, by that other company; or (bb) at least twenty per cent of the issued share capital of that other company is beneficially owned, either directly or indirectly, by the first-mentioned company; [Subs. Act A993] ACT 327 - PROMOTION OF INVESTMENTS ACT 1986 2. Interpretation.