Chairman Isa defends Encorp land purchase


  • Business
  • Thursday, 16 Jun 2016

Isa: ‘Encorp belongs to Felda, so what’s the problem?’

PETALING JAYA: Federal Land Development Authority (Felda) chairman Tan Sri Mohd Isa Abdul Samad defended the acquisition by Encorp Bhd of a piece of land in Bukit Katil, Malacca, from its parent company for RM583.6mil to be paid on a deferred basis.

He said Felda could not develop the land itself and hence had handed the responsibility to Encorp.

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Business , Isa , Felda , Encorp , Bukit Katil , land , property , Malacca , stocks , shares ,

   

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