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.