FGV yet to receive notice from Felda on LLA termination

KUALAL LUMPUR: FGV Holdings Bhd said it has yet to receive a written notice from Federal Land Development Authority (Felda) regarding the termination of the land lease agreement and its intention to take over FGV's palm oil mills nationwide.

The plan was announced by Felda's special task force chairman Tan Sri Abdul Wahid Omar on Oct 30.

"On Nov 2, the Chairman of FGV has written to the Chairman of Felda informing that the notice to terminate the LLA in accordance with the terms and conditions of the LLA is still not forthcoming from Felda up to this date and suggested Felda to stop any further media releases on this matter and to discuss prior to releasing a joint statement on the agreed terms in accordance with the terms and conditions of the LLA," it said.

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FGV Holdings , Felda , LLA


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