Synergy Promenade's suit against Felda to be heard on Oct 17

KUALA LUMPUR (Aug 8): Synergy Promenade Sdn Bhd's suit against the Federal Land Development Authority (Felda) and its investment arm, Felda Investment Corp Sdn Bhd (FIC), as well as the Land and Mines Office Wilayah Persekutuan Kuala Lumpur (PTG WPKL) relating to the Kuala Lumpur Vertical City project will be heard in the High Court on Oct 17.

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‘Forced to enter into one-sided deal’

  KUALA LUMPUR (April 10): Ahead of the tabling of the White Paper on the Federal Land Development Authority (Felda) in the Dewan Rakyat today, the agency lodged a police report, claiming it was cheated into signing a one-sided deal in its purchase of PT Eagle High Plantations Tbk (EHP) from Indonesia’s Rajawali Group.

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Felda paid a hefty premium for assets, says Azmin

KUALA LUMPUR (Nov 22): The Federal Land Development Authority (Felda) had overpaid for some of its assets, forking out “much higher than market price” for acquisitions, said Economic Affairs Minister Datuk Seri Mohamed Azmin Ali.

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