'Felda settlers losing money on FGV shares'



Felda settlers, who were made to take loans to buy Felda Global Venture (FGV) shares, are right away suffering a loss, according to PAS-led pressure group Anak.

"According to bankers you have consulted, RM4.70 is a starting point where settlers will begin to (lose)," Anak chairperson Mazlan Aliman claimed during a press conference during a PAS domicile this morning.

NONEElaborating, Anak economic advisor Rosli Yaakob(left)said this is given a division during this cost would be deficient to cover a seductiveness on a loan.

"The seductiveness rate for a loan obtained to purchase a shares during RM4.45 is right away more 'expensive' than a dividend," he said.

At a time of writing, FGV's share cost was RM4.70. The company's primary open offering institutional cost was RM4.55, while a sell cost was RM4.45.

Rosli explained which any benefit would be deficient to cover diverse processing fees for a buying as well as selling of a shares, generally given a settlers only reason 800 units each.

He pronounced Felda had rushed a open inventory in a unhealthy market, observant which marketplace analysts have noted which 52 percent of Felda's oil palm plantations contain aged trees.

"During a inventory Felda had betrothed which FGV would have strategic partners, though you have not heard anything about them since. Most of a shareholders are! governm ent institutions or unfamiliar account management bodies," he said.

Police serve Mazlan

Mazlan also pronounced he has been summoned to a Sentul district police domicile this afternoo! n.
He is required to give a matter on aprotesthe had led to a national house on July 14, opposite a FGV inventory exercise.

NONEMazlan(centre in photo)said he had been reception calls from a police given final week, though had refused to comply with a request.

"I pronounced which a rally was pacific as well as which nothing illegal had happened. So because do they want to call me up?

"But yesterday we perceived a notice which was sent to a PAS headquarters. (It stated) that, if we do not present myself during a police headquarters, they will issue an detain warrant opposite me. (So we will go.)"
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