Menteri Besar Azizan Abdul Razak said that groups opposing the listing of Felda Global Ventures Holding's (FGV) should be "thankful" that Kedah State Development Corporation (PKNK) had agreed to dispose of its shares in the company.

PAS backed Persatuan Anak-anak Peneroka Felda (Anak) - which mounted a 3,000-strong rally last week against the listing - had urged the state to "apologise" for the move.

"PKNK sold off the shares because we respect the principle of Pakatan which backs Anak and GSF (Save Felda Movement).

"Financially, we suffered a loss from that move but we don't mind because it was out of respect to principles and to avoid misunderstanding.

"Orders to resell FGV's shares is effective immediately but the reselling share is not like selling fruits," said Azizan, as quoted by Malay language daily Sinar Harian today.

He said that PKNK has to deal with opportunity cost of failing to meet targeted profits after purchasing 500,000 units at RM4.55 each.

PKNK had disposed off 50,000 units at the price of RM5.50 per unit a few days later, for a profit of RM47,500.

The daily had earlier reported that the shares were bought without Azizan's knowledge and have sparked controversy as it clashes with Pakatan Rakyat's struggle against the listing.