Thursday March 7, 2013

Billionaire Syed Mokhtar Al-Bukhary raises stake in Tradewinds

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.

According to a filing to Bursa Malaysia, Perspective Lane (M) Sdn Bhd a company in which Syed Mokhtar had indirect interest had acquired 155.1 million shares in Tradewinds at RM9.30 each.

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