Tradewinds Malaysia, Plantation, Bernas suspended pending announcements

  • Karpal and I never quarrelled even though we belonged to different parties, says Ling
    Karpal and I never quarrelled even though we belonged to different parties, says Ling

    Bukit Gelugor MP Karpal Singh and former transport minister Tun Dr Ling Liong Sik never quarrelled or fought, despite being in different parties with competing ideas about politics. This was because the former MCA chairman and the late DAP stalwart had forged a friendship at university, which Dr Ling said stood the tests that politics threw at... …

  • Law students hold candlelight vigil for Karpal
    Law students hold candlelight vigil for Karpal

    A group of first-year law students held a candlelight vigil at the Esplanade in George Town, Penang, tonight for their idol, the late Bukit Gelugor MP Karpal Singh. The students had planned an impromptu vigil for Karpal, who they credited with inspiring them to take up law as a career choice. “We planned the event on Facebook and word got... …

  • Michael Cornelius — Karpal’s loyal ‘other half’
    Michael Cornelius — Karpal’s loyal ‘other half’

    GEORGE TOWN, April 18 — Karpal Singh’s loyal aide Michael Cornelius Selvam Vellu, who also died in the accident that killed Karpal yesterday, was almost like Karpal’s “other half”. The trained... …

  • Umno lawyer calls Karpal ‘one of the most ethical criminal lawyers’
    Umno lawyer calls Karpal ‘one of the most ethical criminal lawyers’

    Umno lawyer Tan Sri Muhammad Shafee Abdullah had plenty of encounters in the courts with the late Karpal Singh but today, he paid tribute to the veteran lawyer who died in an accident yesterday. Shafee said Karpal was “one of the most ethical criminal lawyers” he used to appear with while acting as deputy public prosecutor or counsel for the... …

  • Gerakan calls Karpal elder statesman, Samy Vellu cries over news of death
    Gerakan calls Karpal elder statesman, Samy Vellu cries over news of death

    In an ultimate accolade, Gerakan, DAP’s political rival in Penang, today praised Karpal Singh as an elder statesman and a true Malaysian. State Gerakan deputy president Datuk Dr Cheah Soon Hai said Karpal was one of the few people in the country who had left a legacy. He said the former DAP chairman was a legend in both the political and... …

  • Abdullah pays tribute to Karpal’s life of service – Bernama
    Abdullah pays tribute to Karpal’s life of service – Bernama

    Former prime minister Tun Abdullah Ahmad Badawi said Karpal Singh, who died in a road accident yesterday, led a life of tireless commitment and service to the people.  “We are poorer for the loss of a great legal mind and a crusader for justice and human rights," he said as he extended condolences to the family of the former DAP chairman and... …

KUALA LUMPUR (Dec 21) : Companies owned by tycoon Tan Sri Syed Mokhtar Albukhary, Tradewinds (M) Bhd, Tradewinds Plantation Bhd and Padiberas Nasional Bhd were suspended from trading.

In three separate announcements by the respective companies on Bursa Malaysia, each said the securities are being suspended pending an announcement.

Market observers said Tradewinds Malaysia might probably privatise both Tradewinds Plantation and Bernas, and streamline all its commodity-based businesses under one listed company.

Syed Mokhtar owns all three companies through its 42.97% shareholding in Tradewinds Malaysia. The company in turn holds 69.76% of Tradewinds Plantation and 72.57% of Bernas.

One observer said Tradewinds Malaysia might extend a mandatory general offer (MGO) to acquire all shares that it does not already own in both Tradewinds Plantation and Bernas.

Tradewinds Malaysia was last traded at RM7.75 as at 4.26 p.m. today, up 40 sen or 5.44% from yesterday's closing price, while Tradewinds Plantation was at RM4.23 per share when it was suspended, up 5 sen or 1.2%.

Bernas was traded unchanged when it was suspended at RM3.10 per share.

Follow @YahooMalaysia on LINE for daily news updates.

Comments on Yahoo pages are subject to our link to Comments Guidelines. You are responsible for any content that you post. Yahoo is not responsible or liable in any way for comments posted by its users. Yahoo does not in any way endorse or support comments made by its users.

  • Told to ‘shut up’ on Twitter, Zul Noordin lashes back at Khairy The Malay Mail Online
    Told to ‘shut up’ on Twitter, Zul Noordin lashes back at Khairy

    KUALA LUMPUR, April 18 — A feud is breaking out between former Perkasa vice president Datuk Zulkifli Noordin and Umno Youth chief Khairy Jamaluddin on Twitter. Told unequivocally by the minister... …

  • Langkawi BN MP pokes fun at Karpal Singh’s remains The Malaysian Insider
    Langkawi BN MP pokes fun at Karpal Singh’s remains

    As the nation mourns the passing of a great politician, BN MP Datuk Nawawi Ahmad insulted the late Karpal Singh by posting a picture of the veteran politician's blood-smeared face as he lay in his Toyota Alphard following a tragic accident this morning. Along with the Facebook picture was a newspaper cutting on Karpal being opposed to the... …

  • Karpal’s car crashed into lorry, not the other way around, says Perak police The Malaysian Insider
    Karpal’s car crashed into lorry, not the other way around, says Perak police

    Initial investigations have revealed that Karpal Singh’s Toyota Alphard crashed into a five-ton lorry in the accident yesterday that claimed his life and that of his assistant, Perak police said today. State police chief Datuk Acryl Sani Abdullah Sani also dismissed rumours and speculation that the accident was caused by the lorry crashing... …