PUTRAJAYA has to date issued 11 approved permits (APs) for river sand exports allowing companies to export the material and other minerals to selected countries in the region.
The figures were revealed in a June 24 bursa filing by Kanger International Bhd when the group announced that it was authorised to represent Legasi Lestari Sdn Bhd, one of the AP holders, to promote river sand and other minerals to mainland China and Hong Kong.
The AP was issued by the Ministry of Energy and Natural Resources, and is valid until July 2027. This enables companies like Legasi Lestari to export river sand to Brunei, China, Taiwan, Korea, Vietnam, Hong Kong, India, Japan and Maldives.
River sand is permitted for export only with the prime minister’s approval.
Kanger, which is listed on the ACE Market, said it formed the joint venture as Legasi wanted to tap the former’s experience in China and Hong Kong.
Company filings show that Legasi Lestari was founded in July 2012 and is based in Pekan, Pahang. The company started exporting river sand in 2017.
Legasi Lestari’s major shareholders are Rahim Ali (50%), Ainfarynor Andiana Rabuang @ Rabuan (40%) and the estate of Wan Mohamad Razali Wan Mahussin (10%).
Wan Mohamad Razali was the Pahang assembly speaker from 1999 to 2013. He died in 2015 due to complications from diabetes and hypertension.
Legasi Lestari netted a loss of RM239,129 for the financial year ended Dec 31, 2018. – June 26, 2020
