FGV not keen on terminating land lease agreement

FGV president and group CEO Datuk Zakaria Arshad(pic) said:

PETALING JAYA: Felda Global Ventures Holdings Bhd (FGV) says terminating its current land lease agreement (LLA) with its parent company, Federal Land Development Authority (Felda), will be the last resort for the listed plantation conglomerate.

FGV president and group CEO Datuk Zakaria Arshad said: “As far as the LLA agreement is concerned, FGV deems it as a key component of our plantation business.