About 1,000 Felda settlers will rally outside the Prime Minister’s Office after Friday prayers tomorrow to protest the proposed listing of Felda subsidiary Felda Global Ventures Holdings Bhd (FGVH) on Bursa Malaysia.

NONE According to PKR's Felda and natives bureau chief Suhaimi Said ( left ), a memorandum outlining the settlers’ concerns about potential losses following the listing will be submitted to Prime Minister Najib Abdul Razak after the protest.

One of the concerns, Suhaimi pointed out, is Felda Plantation Sdn Bhd’s attempt to secure land to FGVH on a 99-year lease.

“The 850,000sq-ft of land that is supposed to be distributed to the children of the settlers, will all be secured to FGVH for 99 years.

“So the second or third generation of settlers will have no hope of getting any land thereafter,” he said.

Suhaimi said the land was not owned by Felda but was granted by state governments to the Felda board of management for development purposes.

'How can Felda lease land it does not own?'

“Felda does not own any grant to the land, so in what position can it lease out the land to somebody else?” he asked.

Apart from the settlers, PAS-linked settlers NGO Anak will also take part in tomorrow's protest.

Felda settlers own 51 percent of Felda Holdings through Koperasi Permodalan Felda (KPF).

Under the listing plan, the settlers are required to swap their shares for a 61 percent stake in FGVH.

However, a group of settlers opposed to the listing have successfully obtained a court injunction, barring KPF from discussing the listing of FGVH.

The government has since announced that it will proceed with the listing, planned for June, without KPF as FGVH is wholly-owned by the government and is not obligated to get KPF’s consent.