The Association of Felda Settlers’ Children (Anak) today filed a court injunction against the public listing of Felda Global Ventures Holdings (FGVH) on Bursa Malaysia.
Anak is also seeking injunctions to block Koperasi Permodalan Felda Malaysia Bhd’s (KPF) extraordinary general meeting from being convened on Jan 5, and in disposing of its assets in Felda Holdings, according to a Sinar Harian report today.
"The fact is this action (public listing) is simply to gain RM3 billion in funds for a certain agenda come April next year,” Anak chief Mazlan Aliman was quoted as saying.
Mazlan added that KPF, which is the majority stakeholder in Felda Holdings, is already performing well on its own and the status quo should remain.
Gabungan Peneroka Generasi Wawasan Felda Kebangsaan (Gempak), another Felda settlers association, has also voiced concern over the proposed listing.
[More to follow]
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