March 04, 2012
Ahmad Maslan pronounced the IPO would have FELDA one of the richest listed Malay firms. File pic
The deputy minister in the Prime Minister's Department said, however, that the alternative half will be approved in between Jun as well as Aug this year.
"FELDA will not levy any use assign or interest, but the settlers have to compensate back the loan by the deduction of farm products," he was quoted as saying by Bernama Online.
Ahmad went upon to say that the due inventory of FGVH upon Bursa Malaysia would see it become one of the richest Malay firms upon the batch exchange.
"[The] FELDA mutation done by Prime Minister Datuk Seri Najib Tun Razak will yield most benefits to the settlers, where they would no longer depend upon the farm outcome," he pronounced further.
Prime Minister Datuk Seri Najib Razak had not long ago pronounced the inventory of FGV, announced in Budget 2012, is approaching to take place in April, instead of the middle of the year as was earlier planned.
Najib was earlier suspicion to be deliberation postponing the IPO as settlers' antithesis to the deal risks undermining Barisan Nasional's (BN) await in fiercely contested ubiquitous choosing approaching this year.
Critics say that the due listing, that will see loss-making FGVH pretence carry out of the FELDA Investment Co-operative (KPF), will short-change smallholders as well as saddle FELDA with up to RM1.5 billion in yearly deficit.
The supervision has pronounced the pierce will result in the RM5.9 billion lump sum pay! ment to settlers but the National FELDA Settlers' Children's Association (ANAK) has insisted it will not be in cash but shares in FGV.
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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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