FGV agrees Felda land lease agreement needs urgent discussion
FGV said the matter has caused "much uncertainty and concern" for its shareholders.
FGV said the matter has caused "much uncertainty and concern" for its shareholders.
Quoting a party that is involved in the negotiation, Sin Chew reported that the chairman of the Council of Eminent Persons, Tun Daim Zainuddin, has arrived in Beijing to iron out the final details of the agreement with Chinese authorities.
He had purportedly published portions that covered, among others, Felda's acquisition of a 37% stake in PT Eagle High Plantations Tbk, on his Facebook page before the embargo was lifted at 11.30am yesterday (April 10).
"We will take action so that he will be reminded that no one is protected from regulations in the Parliament," Mahathir said.
The financially-stressed agency intends to revisit the terms of the LLA for a fairer deal.
The purchase price of Eagle High was 96% higher than the prevailing market price at that time, he said.
The latest projects took its total contract wins to RM602 million to-date for the year 2019, lifting its order book to approximately RM2.52 billion.
MyHSR Corp said it will carry out an open tender to appoint the consultant, who will review the technical aspects of its recommended option for the project following its revision by the Malaysian Government.
Under the UN-supported PRI, it has pledged its commitment towards environment, social and governance best practices and sustainable investing principles.
At 3.05pm, IWCity was trading up 6.5 sen or 8.67% at 81.5 sen, after 41.8 million shares traded so far.