Foreign Investment Guide 2
	- all acquisitions under this Guidelines must obtain FIC's approval for the purpose of ensuring that the purchase price is more than RM250,000 and the purchase will be financed through a financial institution outside Malaysia. This is also to enable the Government to have records of the acquisitions. Approval will be granted automatically when these conditions are fulfilled by the purchaser; - all other property acquisitions which do not fulfill the above criteria will be subjected to the existing FIC guidelines dated 22 May 1998; and - this relaxation will be reviewed once the economic conditions of the country improve. However, any new conditions will not be imposed retrospectively to any purchases that has been approved under this Guidelines.   Effective Date This Guideline wil be effective from 22 April 1998.   Submission All applicants are required to submit the following information: - Name and particulars of the purchaser; - Copy of the Sale & Purchase Agreement;