Padiberas Nasional Berhad was privatized on 1 January 1996 and assumed the role of the State Paddy and Rice Board (LPN) as the keeper of the local rice and rice industry. From there, BERNAS continues to play a major role in overseeing the development of the country's rice and rice industry, as well as taking over the social and commercial obligations that LPN has been carrying on. This includes representing the government in managing and paying subsidies to farmers, managing the Bumiputra Rice Manufacturing Scheme, buying rice from farmers at a guaranteed minimum price and acting as the last buyer of rice from farmers.
On 25 August 1997, BERNAS recorded another historic event when listed on the main board of the Kuala Lumpur Stock Exchange. BERNAS continues to expand through its supply chain integration with international entrepreneurs for wholesale, plantation, processing and distribution sectors.…show more content… The company is also paying close attention to environmental management through the emphasis on removing effective rice husk as well as diversifying the company's products by maximizing the potential of its ancillary products. On 26 April 2011, Bernas announced that the federal government had extended the distribution of rice for 10 years from January 11, 2011 to January 10, 2021.
On July 30, 2009 the investor from Hong Kong, Wang Tak Co. Ltd. (Wang Tak) has managed to gain equity by 31% through the open market but Bernas explains that the interests of all parties comprising farmers, producers, wholesalers, consumers and shareholders are protected. Thereafter, Syed Mokhtar Bukhari through Tradewinds has 53.7 % Equity Bernas equals RM526 million in cash. This led to another offer that caused Tradewinds to hold 72.57% equity interest in