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AVENUE Capital Resources Bhd has not given up hope of underwriting the flotation of Federal Agriculture and Land Development Authority Bhd (Felda), which has been put on hold by the Government, group managing director Tengku Zafrul Aziz told I>StarBiz/Iafter the company AGM's in Kuala Lumpur yesterday.
A company owned by former Renong Bhd executive chairman Tan Sri Halim Saad will develop a RM250mil industrial park at Pengkalan Hulu near the Malaysia-Thai border.
Plantation stocks would likely kick off on a cautious note in the New Year amid crude palm oil (CPO) prices coming down from their highs, and a bumper soybean harvest in the United States on the back of high stocks and increasing output by global producers.