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PETALING JAYA: Billionaire Tan Sri Syed Mokhtar Al-Bukhary has raised his interest in Tradewinds (M) Bhd with an indirect stake of 282.5 million shares, or 95.28%, in the company, following the recent success in his bid to take the company private.
KUALA LUMPUR: Media Prima Bhd fell 1% at midday after one of the group’s biggest shareholders, Umno sold its 11.09% stake to Tan Sri Syed Mokhtar Al-Bukhary.
Tan Sri Syed Mokhtar Al-Bukhary has a reputation for shunning the press, preferring to let his associates do the talking. But over the past week, the 52-year-old tycoon has met the press twice to talk about his charitable work and his plans to buy a block of strategic shares in DRB-HICOM, which pitted him against the influential consortium of Tan Sri S.M. Nasimuddin Amin. WONG CHUN WAI met up with Syed Mokhtar late on Thursday night.
JOHOR Port Bhd, which is linked to Tan Sri Syed Mokhtar Al-Bukhary, will be appointed a designated port by the London Metal Exchange (LME) soon, industry sources say.