Article: Tradewinds seeks control of Bernas

Azlan Abu Bakar
New Straits Times
08-29-2009
Tradewinds seeks control of Bernas
Byline: Azlan Abu Bakar
Edition: Main/Lifestyle
Section: Business Times
Type: Company

PLANTATION and sugar refining group Tradewinds (M) Bhd has proposed to take control of Padiberas Nasional Bhd (Bernas) for RM526 million as it seeks to expand and ensure the rice importer is owned by Malaysians.

Tradewinds is owned by businessman Tan Sri Syed Mokhtar Al- Bukhary, who also holds about 30.8 per cent of Bernas.
However, Hong Kong-based Wang Tak Co Ltd is the single largest shareholder with 31.52 per cent and this has raised concern as to whether Bernas should have such a large foreign investor given its strategic ...

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