LANGKAH Bahagia Sdn Bhd, the single largest shareholder in Malaysian Plantations Bhd (MPlant) with 15.37%, is awaiting approval from Bank Negara and the Finance Ministry for the sale of its entire stake in the plantation group to Temasek Holdings Ltd.
MPlant independent non-executive director Tee Kim Chan said that Section 49 of the Banking and Financial Institutions Act (Bafia) called for approval from the Finance Minister for the stake sale.
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