BERNAS TO BUY BACK PART OF SHARES OWNED BY HONG KONG COMPANY.

from BERNAMA, The Malaysian National News Agency KOTA BAHARU, July 30 (Bernama) -- Padiberas Nasional Bhd (Bernas) plans to buy back part of the 31 percent equity shares held by Hong Kong company, Wang Tak Co. Ltd. (Wang Tak), in Bernas.

Minister of International Trade and Industry, Datuk Mustapa Mohamed said Bernas had personally relayed its intention to buy back the shares from the foreign company as a move in keeping with the company's role as the national rice supplier.

"This, however, does not mean that the government intends to restrict the entry of foreign investment. Infact, the government encourages the entry of foreign investments," he said.

As …