The Federal Land Development Authority (Felda) today went upon overdrive in a biggest bid so far to hard sell a pierce to list Felda Global Ventures Holdings Bhd (FGVH) upon Bursa Malaysia to some-more than 1,300 land allotment scheme leaders.
Deputy Minister in Prime Minister's Department Ahmad Maslan (right) said a programme during Felda headquarters in Kuala Lumpur lasted roughly two-and-a-half hours as well as involved pass leaders from a 317 settlements nationwide."If they fall, so will Felda," Ahmad said, referring to Felda's five 'pillars' - a allotment chiefs, a women as well as girl chiefs, programme managers as well as comparison officials.
He said today's programme was a many comprehensive as well as convincing, compared with prior efforts when sure contribution could not be disclosed.
MalaysiakiniandMerdeka Reviewwere barred from attending a programme.
The inventory of FGVH has receivedstrong criticismand resistance, with critics contending which a pierce would be against a interests of a settlers.
Asset holding company mooted
Addressing concerns which a inventory will means Felda to remove a interest over a long-running oil palm plantations scheme, Ahmad said a Felda Asset Hold! ing Comp any (FAHC) was being set up to control FGVH as well as safeguard which a 37 percent interest is not sold off arbitrarily.
He is confident which a Felda's bid will be approved during a Felda Capital Cooperative (KPF) assembly upon Feb 22.
KPF binds a 51 percent! interes t in Felda's RM3 billion share capital.
"I goal a suggestion will be accepted. Otherwise you will try other methods.
"But we am confident which it will be. Some of a KPF member were here during today's session," Ahmad said.
Asked about claims which a large number of Felda's 23,000 employeesdisagreedwith a pierce to list FGVH, Ahmad said if this was true, it would have been be during a primary stages, before many issues had been ironed out.
"Even if there is disagreement, it is during sure levels of a administration only. But recently, all a tip management agreed with a listing.
"If you need to call up a staff, you will do it," added Ahmad, who is additionally Pontian MP.
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