FGV, Felda still working on restructuring land lease deal

MONDAY, MAY 16: KUALA LUMPUR- Felda Global Ventures Holdings Bhd Group President/Chief Executive Officer Zakaria Arshad (pic) to unveil FGV's Transition Plan, Casa Heliconia, Jalan Maktab Enam, Off Jalan Perumahan Gurney, Kuala Lumpur at 0900 (0100 GMT) KUALA LUMPUR- ASEAN Intergovernmental Commission on Human Rights (AICHR) organises regional forum on media and human rights at Istana Hotel at 0900 (0100 GMT) KUALA LUMPUR- Dewan Rakyat sitting at 1000 (0200 GMT)

THE planned restructuring of Felda Global Ventures Holdings Bhd’s (FGV) 99-year land lease agreement (LLA) with its parent company is work in progress with nothing concrete formulated yet, says FGV group president and CEO Datuk Zakaria Arshad.

“We are still exploring and negotiating for the best mechanism with Felda,” he says.