Minister: Felda’s KLSE listing will benefit settlers

  • Nation
  • Monday, 15 Sep 2003

KANGAR: Felda settlers will benefit from the proposed listing of Felda on the KLSE by end of the year. 

Speaking ahead of the Perlis Puteri Islam dinner her, Rural Development Minister Datuk Azmi Khalid said Felda settlers could gain from the listing through shares allotment and higher returns for their produce and help resolve land problems for second generation families. 

Citing as an example a Felda scheme in Perlis which went into a joint-venture with a Perlis Plantation Bhd through a 50% stake in a sugar refinery several years ago, Azmi said today, Perlis Plantation had grown to become one of the country’s dynamic corporate firms.  

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