Tradewinds Plantation Sdn Bhd – Kurun Sumber Rezeki (KSR)

Date Progress
July 2019 18 July 2019:

Mighty Earth RRR17 alleged deforestation of 65 hectares of forests by Kurun Sumber Rezeki (KSR) between 20 February – 08 July 2019. It states that KSR was a joint venture between Jhonlin Group and CB Industrial Product Holding Bhd, (CBIP Group). 

The report alleged joint venture linkages, namely Solar Green Sdn Bhd and Kumpulan Kris Jati Sdn Bhd, between CBIP Group and Tradewinds Plantation Berhad.    

Musim Mas does not have any business relations with CBIP and Kurun Sumber Rezeki (KSR). However, as we have trade relations with Tradewinds Plantation, we reached out to them to clarify the allegations made in the Mighty Earth report.   
Tradewinds Plantations responded with an official letter on the following points, signed by the company’s director.
  • Tradewinds clarified that it does not have any management control over PT KSR and CBIP and therefore, not able to control the activities by CBIP in PT KSR. 
  • Tradewinds hold 70% share in Kumpulan Kris Jati Sdn Bhd (KKJ) and 50% direct shares in Solar Green. Both companies are fully managed by Tradewinds and does not have management control over CBIP and vice versa.
  • Tradewinds Plantation Berhad further emphasized that Tradewinds Plantation Berhad and CBIP are two separate legal entities. Neither has direct shares or management control over the other.  

Suggestions:

  • We should put a statement, “We consider the case closed.”.
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