AFTER months of speculation, it is out in the open. Tan Sri Syed Mokhtar Albukhary has made clear his interest to acquire a major stake in FGV Holdings Bhd
.
On Thursday, the tycoon formally put in an expression of interest to the board of the plantation group through Perspective Lane (M) Sdn Bhd, a unit of the businessman’s privately-owned Restu Jernih Sdn Bhd.
FGV’s board said it will explore and evaluate the proposal which would potentially make Perspective Lane its largest shareholder via an injection of plantation assets into FGV.
This private vehicle is wholly owned by the Tradewinds group of companies, which include Tradewinds Plantation Bhd and Central Sugars Refinery Sdn Bhd (CSR) – businesses in which FGV also has exposure.
...