Felda aims for RM1.5bil turnover post-listing
BernamaPublished: Jan 27, 2012 11:13 AM | Updated: Jan 27, 2012 11:22 AM
Felda has outlined various strategies to obtain an annual turnover of RM1.5 billion after the listing of its subsidiary, Felda Global Ventures Holdings (FGVH), in Bursa Malaysia by June, said Deputy Minister in the Prime Minister's Department Ahmad Maslan.
Refuting claims that Felda would experience a deficit if it floats FGVH, Ahmad Maslan stresses that this would not happen.
Felda has outlined various strategies to obtain an annual turnover of RM1.5 billion after the listing of its subsidiary, Felda Global Ventures Holdings (FGVH), in Bursa Malaysia by June, said Deputy Minister in the Prime Minister's Department Ahmad Maslan.
Refuting claims by several quarters that Felda would experience a deficit if it floats FGVH, Ahmad stressed that this would not happen but Felda would instead get revenue when the strategies are implemented.
“Prior to the listing, we have studied the mechanisms to ensure that Felda will make money,” he told a news conference before attending the ‘Wacana Minda Angkatan Prihatin Terengganu’ discourse in Kuala Lumpur yesterday.
Ahmad said among the methods considered included leasing land to FGVH, described as beneficial to both Felda and FGVH.
“Besides that, Felda will also profit big from the floating whereby the returns, when invested each year will yield almost half a billion ringgit,” he said, adding that Felda’s existing investments will also help in attaining the (RM1.5 billion annual turnover) target.
National Children of Felda Settlers’ Association (Anak) economist Dr Rosli Yaacop was recently reported as saying that Felda would incur a deficit of between RM1.2 billion and RM1.5 billion annually with the listing of the FGVH.
- Bernama
Refuting claims by several quarters that Felda would experience a deficit if it floats FGVH, Ahmad stressed that this would not happen but Felda would instead get revenue when the strategies are implemented.
“Prior to the listing, we have studied the mechanisms to ensure that Felda will make money,” he told a news conference before attending the ‘Wacana Minda Angkatan Prihatin Terengganu’ discourse in Kuala Lumpur yesterday.
Ahmad said among the methods considered included leasing land to FGVH, described as beneficial to both Felda and FGVH.
“Besides that, Felda will also profit big from the floating whereby the returns, when invested each year will yield almost half a billion ringgit,” he said, adding that Felda’s existing investments will also help in attaining the (RM1.5 billion annual turnover) target.
National Children of Felda Settlers’ Association (Anak) economist Dr Rosli Yaacop was recently reported as saying that Felda would incur a deficit of between RM1.2 billion and RM1.5 billion annually with the listing of the FGVH.
- Bernama
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