Newsbreak: Syed Mokhtar said to be front runner in bid for Tanjung Rhu Resort
JATI Sutera Sdn Bhd, a company wholly owned by Tan Sri Syed Mokhtar Albukhary’s Tradewinds Corp Bhd, is close to acquiring the 136-room Tanjung Rhu Resort in Langkawi, sources say.
The Edge understands that Jati Sutera is undertaking due diligence as a precursor to making an offer for the 50-acre resort to Bank Pembangunan Malaysia Bhd (BPMB) and the asset’s appointed receivers and managers, Deloitte Corporate Solutions Sdn Bhd.……
SE Asia Business
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