Felda seeks to raise cash via Maybank share sale

  • Business Premium
  • Tuesday, 17 Jan 2017

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.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , Felda , Eagle High , Maybank , oil palm , palm oil


Next In Business News

China's industrial profits growth accelerates in Oct Premium
New COVID variant Omicron triggers global alarm, market sell-off Premium
Top US diplomat for Asia to visit Malaysia and three other ASEAN countries Premium
Oil settles down US$10/bbl in largest daily drop since April 2020 Premium
Black Friday draws US shoppers but many shun stores for online Premium
Stocks tumble on new coronavirus variant fear Premium
China traders ramp up leverage in bet PBoC to stay on sidelines Premium
Indonesia jobs law ruling may dim investment outlook Premium
Investing in a tough 2022 Premium
Surging dollar awakens volatility in currency markets Premium

Others Also Read