Felda to unravel FGV deal?

Massive landbank: A Felda estate in Sungai Siput. About 335,000 ha from Felda’s total landbank of 850,000 ha are currently run by FGV under a land lease agreement (LLA) which was established in 2012.

A MAJOR reshuffle is on the cards for the Federal Land Development Authority (Felda) and its plantation arm, Felda Global Ventures Holdings Bhd (FGV), that could see the emergence of a new shareholder in the latter.

Felda is said to be seeking the return of the land that is currently leased out to and managed by FGV because it feels that it can extract higher returns.