Higher income: A Felda estate.The termination of the LLA is a move by Felda to increase its earnings from plantation lands.
PETALING JAYA: FGV Holdings Bhd
is expecting a compensation of between RM3.5bil and RM4.3bil from the termination of the land lease agreement (LLA) for 350,733ha of estates owned by the Federal Land Development Authority (Felda).
The compensation amount is based on an internal assessment, which will vary depending on FGV’s financial performance for 2020 and 2021, in addition to other various factors.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
