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PETALING JAYA: Three years after failing to launch an initial public offering (IPO), Felcra Bhd has come up with a backdoor listing plan through Practice Note 17 (PN17) company Kuantan Flour Mills Bhd (KFM).
KUALA LUMPUR: Felcra Bhd expects the construction of its maiden premium mixed property development project in Jalan Semarak, Kuala Lumpur to begin in April and completed within the next three years.
PETALING JAYA: Kuantan Flour Mills Bhd (KFM), a PN17 company, said it yet to be officially notified by the sudden change of heart at Felcra Bhd over an initial plan to acquire a stake in the company.
PETALING JAYA: In an unexpected about-turn days after its initial announcement, the Federal Land Consolidation and Rehabilitation Authority Bhd (Felcra) has withdrawn its interest in a proposed reverse takeover (RTO) of flour manufacturing and trading company Kuantan Flour Mills Bhd (KFM).
KUALA LUMPUR: The mixed development project on Felcra Bhd’s 1.63-hectare land in Jalan Semarak here will continue despite a slight delay, said Economic Affairs Minister Datuk Seri Mohamed Azmin Ali.
IPOH: Felcra Bhd has signed a memorandum of understanding (MoU) with MATA Aerotech Sdn Bhd for a collaboration on smart agriculture model, which involves drone and robotics technology, at Felcra’s Paddy Centre held in Seberang Perak on Monday.
KUALA LUMPUR: Felcra Bhd is restructuring seven to eight of its existing 13 units into a medium-sized entity to be listed on Bursa Malaysia next year.