Bj Corp Estate News Today : Breaking News, Live Updates & Top Stories | Vimarsana

LAST Friday, market talk had it that the Federal Land Development Authority (FELDA) had secured the requisite funding to buy the stakes held by Kumpulan Wang Persaraan (Diperbadankan), or KWAP, and Urusharta Jamaah Sdn Bhd (UJSB) in FGV Holdings Bhd.
The funding included the amount needed to buy up all the shares not under FELDA and parties acting in concert with it. Details of the funding, however, were unavailable but one source familiar with the matter said that FELDA obtained the loan as it had assets in the form of land.
“I would think it’s a club deal (a consortium of banks), no single financial institution would take up such a loan … or it (the privatisation) could be government funded,” one source says. ....

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