Felcra to rebuild its cash position

Nazrul: We have plantation estates, mills and commercial buildings, which we could monetise either in the form of leveraging or an outright sale.

PETALING JAYA: Felcra Bhd is currently reviewing several options, including a proposed bond issuance and an outright sale of non-performing assets, to rebuild its depleting cash position.

This is due to the increasing challenges in managing the group’s diversified businesses, as well as to provide consistent profits to its 112,454 smallholders or “participants”, says chief executive officer Mohd Nazrul Izam Mansor.