Najib says politics behind fight against Felda listing



January 15, 2012
Najib gave his pledge to Felda settlers which they would not lose out in a FGVH listing. File pic
PEKAN, January fifteen Datuk Seri Najib Razak currently continued to pull for an initial open offering by Felda Global Ventures Holdings (FGVH), telling settlers here currently which resistance towards a inventory was domestic rather than economic.
"Have no fear because it (the listing) will move a asset for a people of Felda," a budding apportion was quoted as saying in a Bernama Online inform today.
The budding minister's assurance currently echoed a speech to hundreds of settlers from Felda Gedangsa, Felda Soeharto, Felda Sungai Tengi as well as Felda Sungai Tengi Selatan final week, when he told a colonists they would continue to reap long-term benefits as well as tall dividend payouts from a move while earnest he would "never betray a legacy of Felda".
"As we pronounced when tabling Budget 2012, Felda settlers will suffer a windfall. we will make known a quantum to be received by each individual following a inventory during an suitable time, as well as it might be more than RM500," he was further quoted in a inform today.
The devise to list FGVH was announced by Najib in his Budget 2012 speech final year.
But a offer has met with antithesis from a PAS-aligned National Association of Settlers (Anak), which claims a inventory will shortchange a little 200,000 settlers tilling a land in Felda schemes across a nation.
Under a inventory proposal, settlers will swap their 51 per cent interest in Felda Holdings which done RM760 million final year for a 61 per cent interest in FGVH, whose ubiquitous subsidiaries lost a little RM500 million up to 2010.
Today, Pakatan Rakyat (PR) pronounced it would stop a controversial FGVH open inventory if i! t wins f ederal power in a next ubiquitous election.
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