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Efforts to rehabilitate Felda on the right track

PUTRAJAYA: The Perikatan Nasional government’s plan to rehabilitate the Federal Land Development Authority (Felda) is on the right track, says Minister in the Prime Minister’s Department (Economic Affairs) Datuk Seri Mustapa Mohamed. This included a decision in October last year where Felda would issue a RM9.9bil sukuk and also take back 351,000ha it leased to Felda Global Ventures Holdings Bhd, now known as FGV Holdings Bhd, under its new recovery plan. He explained that these measures allowed Felda to reduce its debts by allowing the government to acquire FGV shares. “So debts will be lowered because the interest rate now is lower compared to when Felda acquired those debts. So that addressed the issue of debts, ” he said to reporters during a joint press conference here on Thursday.

Idris jusohPerikatan nasionalDatuk amiruddin abdul satarFelda global ventures holdings bhdDepartment economic affairs datuk seri mustapa mohamedLand development authority feldaHoldings bhdFederal land development authorityPrime ministerEconomic affairsDatuk seri mustapaDatuk seri idris jusohஃபெல்டா உலகளாவிய முயற்சிகள் ஹோல்டிங்ஸ் ப்ட்நில வளர்ச்சி அதிகாரம் ஃபெல்டாஹோல்டிங்ஸ் ப்ட்கூட்டாட்சியின் நில வளர்ச்சி அதிகாரம்

Govt on right track to restore Felda s financial position — Mustapa

KUALA LUMPUR (March 12): The Government is on the right track in the effort to restore the financial position of the Federal Land Development Authority (Felda) by 2023. Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed said this confidence was supported by a new strategy, the Felda Recovery Plan, which is being implemented by the government especially to improve its capability and restructure debts. He said the strategy included the agency’s proposed takeover of FGV Holdings Bhd, in which it now holds a 77% equity interest. The new Felda management will ensure the agency assumes full control of FGV as part of the recovery plan. In addition, we are actively implementing measures to increase Felda’s capability and restructure it financially to return it to a strong position by 2023.

Kuala lumpurAbdul wahid omarDepartment economy datuk seri mustapa mohamedLand development authority feldaHoldings bhdFederal land development authorityPrime ministerDatuk seri mustapa mohamedFelda recovery planTan sri abdul wahid omarOne year malaysia prihatinகுவாலா லம்பூர்அப்துல் வஹித் ஓமர்நில வளர்ச்சி அதிகாரம் ஃபெல்டாஹோல்டிங்ஸ் ப்ட்கூட்டாட்சியின் நில வளர்ச்சி அதிகாரம்

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Felda buys 467,300 more FGV shares from open market | Money

Friday, 12 Mar 2021 02:35 PM MYT In a filing with Bursa Malaysia today, it said the exercise was pursuant to the unconditional mandatory takeover offer by Felda to acquire all remaining FGV shares. Bernama pic Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, March 12 ― FGV Holdings Bhd (FGV) has announced that the Federal Land Development Authority (Felda) has acquired another 467,300 of FGV’s shares at RM1.30 a share via the open market. In a filing with Bursa Malaysia today, it said the exercise was pursuant to the unconditional mandatory takeover offer by Felda to acquire all remaining FGV shares.

Kuala lumpurDepartment economy datuk seri mustapa mohamedLand development authority feldaHoldings bhdBursa malaysiaFederal land development authorityPrime ministerDatuk seri mustapa mohamedFgv holdings bhdகுவாலா லம்பூர்நில வளர்ச்சி அதிகாரம் ஃபெல்டாஹோல்டிங்ஸ் ப்ட்கூட்டாட்சியின் நில வளர்ச்சி அதிகாரம்ப்ரைம் அமைச்சர்ப்கவ் ஹோல்டிங்ஸ் ப்ட்

Felda buys 467,300 more FGV shares from open market

FGV Holdings Bhd announced that the Federal Land Development Authority has acquired another 467,300 of FGV shares at RM1.30 a share via the open market.

Kuala lumpurDepartment economy datuk seri mustapa mohamedLand development authority feldaHoldings bhdFederal land development authorityBursa malaysiaPrime ministerDatuk seri mustapa mohamedகுவாலா லம்பூர்நில வளர்ச்சி அதிகாரம் ஃபெல்டாஹோல்டிங்ஸ் ப்ட்கூட்டாட்சியின் நில வளர்ச்சி அதிகாரம்ப்ரைம் அமைச்சர்