PETALING JAYA: Datuk Seri Najib Razak has claimed that Felda is suffering from losses because palm oil prices have dipped below production cost, and not because of an investment in Indonesia-based PT Eagle High Plantations TBK (EHP).
Calling on the government to reveal the “put option” included in the agreement between the two parties, Najib said Felda’s interests were protected as it had an option to sell back its shares in EHP at the original purchase price on top of a 6% interest charge imposed on the Indonesian firm.
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