Felda settlers give IPO a big nod at EGM

VOTE COUNT FOR/AGAINST FELDA KPF Extraordinary General Meeting
Dewan Perdana, Felda Headquarters Kuala Lumpur

1,102 FOR

120 AGAINST
Clearly, an overwhelming majority of Felda settlers as well as staff (89.8 per cent) wish a IPO to happen. At their Cooperative's EGM today, their representatives eventually defeated steady attempts by outsiders, led by politicians from Pakatan Rakyat, to scuttle a due listing, which is designed to give 112,000 Felda settler family groups a greater say in a running of a more global Felda. The inventory of Felda, initial due by Dr Mahathir Mohamad in a inhabitant bill in 2003, was since a brand new lease of hold up by Najib Razak as soon as he became PM 3 years ago. Anwar Ibrahim's bloc have indicted Najib of trying to use a deduction from a IPO to give business to associate banks as well as brokers. The Felda IPO will be one of a greatest a country has ever seen.

There were 5 spoilt votes as well as fifteen ballots were not returned.


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