Firm embroiled in Raub durian issues says it is financially sound

KUANTAN: Royal Pahang Durian Resources PKPP Sdn Bhd (RPDR-PKPP) says it is financially sound and stable, denying speculation to the contrary.

Its management denied speculation that the company was facing financial difficulties and would be withdrawing from a legalisation proposal it was intending to implement.

"The company remains firm and optimistic in carrying out its proposed legalisation scheme proposal.

"The management is only making refunds of earnest monies to farmers who had requested to withdraw from registration as reflection of the company's sincerity," the company said in a statement.

RPDR-PKPP's management maintained that the company was not closing and urged farmers to ignore the falsehood as there was no basis for it.

The company had recently stated that it would honour its promise to refund earnest money paid by unlicensed durian planters in Raub.

This was following the launch of a "refund campaign" by the Save Musang King Alliance (Samka) to demand a refund for payments made to purchase so-called entry permits.

Samka chairman Wilson Chang said that the first wave of the campaign was an "early win", and those who went to the RPDR-PKPP office on Sept 4 had received cheques from the company.

Chang said the campaign was to prevent false misrepresentation by the company, which alleged that more than a hundred parties had agreed to its contractual terms.