Felda is in the process of returning back to black

Felda is in the process of returning back to black

11 days ago

SHAH ALAM - The ailing Federal Land Development Authority (Felda), which has been hit by massive losses in billions and liquidation of several subsidiary companies, is now looking at restructuring processes to go back to black. Felda as the largest shareholder FGV Holdings Berhad (FGV) would continue to benefit from the latter's achievements as a result of the corporate restructuring that was implemented as well as ensuring that FGV operates excellently based on the best management with optimal returns to safeguard the interests of settlers and the new generation. “FGV, as a company listed on the main market of Bursa Malaysia requires an experienced and skilled board member responsible for formulating sustainable growth strategies as well as driving the company towards excellence for the benefit of Felda and its stakeholders,” Felda said in a statement today.

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