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Felda begins selling non-core assets to resolve liabilities


Tan Sri Megat Zaharuddin Megat Mohd Nor: “We have started the process of selling non-strategic assets both within and outside the country and this process will probably run until the middle or end of next year."

Tan Sri Megat Zaharuddin Megat Mohd Nor: “We have started the process of selling non-strategic assets both within and outside the country and this process will probably run until the middle or end of next year."

KUALA LUMPUR: The Federal Land Development Authority (Felda), which is currently embroiled in allegations of mismanagement and mounting debts, has commenced the sales of non-strategic assets to accommodate its liabilities, says Chairman Tan Sri Megat Zaharuddin Megat Mohd Nor.

“We have started the process of selling non-strategic assets both within and outside the country and this process will probably runs until the middle or end of next year.

Corporate News , Plantations

   

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