PUTRAJAYA: Shares amounting to RM1bil will be given to settlers and employees of the Federal Land Development Authority (Felda) after its listing in the Kuala Lumpur Stock Exchange (KLSE), said Second Finance Minister Datuk Dr Jamaluddin Jarjis.
He said Felda Holdings would be listed before the end of the year and the Government intends to retain a 75% stake through the various Government agencies while floating the remaining 25% in the open market.
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