Felda settlers explain fear of FGVH listing

comments     Aidila Razak     Published     Updated

Between his two brothers, his wife and himself, plus the shares inherited from his parents, Felda Sendayan settler R Thangam's family has about a million Koperasi Permodalan Felda (KPF) shares.

As an extended family which most likely has the largest shareholding in KPF, Thangam's family - one of the few non-Malays to take part in the land-for-the-poor project - is in for big bucks in the proposed listing exercise.

"We can make millions from the Felda Global Ventures listing exercise. But I don't support it. This is our pension and we don't want to gamble with it on the stock market," he said when met on Wednesday...

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