Felda Global listing a good move, say groups

The listing of Felda Global Ventures Holdings Bhd on Bursa Malaysia is a relevant move for it to stay competitive at a local and international level, said Gabungan Pemikir Profesional Felda (Gaprof) panel member Khairil Anuar Aziz.

"The listing is just a normal initial public offering (IPO) process that can generate higher funding for the company.

"The Felda population increases every year and therefore, higher funding is required to manage activities," he told a press conference in Kuala Lumpur today.

He also said the benefits to be received by the Felda community will not be touched and not even an inch of their land was included in the listing.

Meanwhile, Alumni Asrama Felda Malaysia (AAFM) president Abdul Malek Jalil said the listing could assist the Felda generation to get a place in the companies under Felda Global Ventures.

It could, he added, also give them an opportunity to expand their careers overseas, alongside Felda's foreign partners.

"The listing of the conglomerate should be done quickly to take advantage of the high global price of oil palm," Abdul Malek said.

- Bernama