Friday, October 7, 2011

FELDA Global Ventures to be listed by mid-2012

KUALA LUMPUR: FELDA Global Ventures Holding (FGVH) will be listed on Bursa Malaysia by mid-2012 to raise funds for the company to be a global conglomerate, said Prime Minister Datuk Seri Najib Tun Razak in his 2012 Budget speech.

He said the listing would create another blue chip PLANTATION [] company besides attracting international investors to Bursa Malaysia.

'The rights and interests of FELDA settlers will continue to be protected by Koperasi Permodalan FELDA as the majority shareholder.

'FELDA settlers are expected to receive a windfall, with the amount to be announced before listing,' he said on Friday, Oct 7.

No comments:

Post a Comment