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ECM: IPO: Felda settlers at crossroads

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Publish date: Mon, 20 Feb 2012, 09:49 AM
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Wednesday will be an important milestone in the much talked about journey to list Felda Global Ventures Holdings (FGVH). On that day, some 1,200 delegates of Koperasi Permodalan Felda (KPF) will convene at an EGM to decide on whether or not KPF will sell the 51% stake that it owns in Felda Holdings Bhd (FHB) to FGVH. FGVH is now making an offer to buy the 51% stake in FHB that is currently owned by the KPF. This is to facilitate the Group's internal restructuring plans, such as, potentially to divest some of the non-core business in FHB. (New Straits Times)

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