KUALA LUMPUR: The process to delist FGV Holdings Berhad from Bursa Malaysia starts on Aug 28, says Prime Minister Datuk Seri Anwar Ibrahim.
He said the move was possible due to sound management, and praised Felda's leadership.
"Because of good management – thank you to the Director-General and the entire Felda management – we can begin the delisting on August 28," he said on Saturday (Aug 2) at the National Felda Settlers' Day Celebration and Rural Entrepreneurs' Carnival.
"This means that Felda is no longer bound. Felda is a strength. FGV can now determine its own direction and provide assurance through the cooperative so that settlers' interests and benefits are prioritised,” said Anwar.
Anwar added that the government would ensure FGV remains aligned with Felda's founding purpose.
"Once this matter is settled, I, together with Datuk Seri Dr Ahmad Zahid Hamidi, Datuk Seri Ahmad Shabery Cheek and our colleagues want to ensure a clear directive from the government; ensure that FGV returns to Felda’s original objectives."
He emphasised that FGV's focus must be on the settlers.
"The priority is the settlers – their rights, their returns, and the cooperative they themselves have determined," he said, referring to Koperasi Permodalan Felda Malaysia Bhd.
Anwar also stated that FGV's next phase would be critical.
"Next, they will manage the initial few months so that Felda projects will succeed as intended," he said.
