Felda seeks to raise cash via Maybank share sale

BNBBC chairman Tan Sri Shahrir Abdul Samad speaking in a press conference after the BN pre-council meeting on TPPA at Seri Pacific Hotel in Kuala Lumpur yesterday. IZZRAFIQ ALIAS / The Star. January 25, 2016.

The agency is paring down its stake in the country’s biggest bank

PETALING JAYA: The Federal Land Development Authority (Felda) is seeking to sell about RM280mil worth of shares in Malayan Banking Bhd (Maybank), paring down its stake in the nation’s biggest bank, weeks after the government agency said it would acquire a substantial stake in an Indonesian planter.