No decision yet on termination of FGV land lease agreement

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The Federal Land Development Authority (Felda) said it has not finalised any decision on terminating Felda Global Ventures Holdings Bhd (FGV) current land lease agreement (LLA).

Chairperson Shahrir Abdul Samad said the matter is now under consideration as many facts and questions needed to be looked at and discussed.

"We have not made any decision yet and will continue negotiation with FGV on the approach that can assist in terms of increasing Felda's income and earnings for the benefit of FGV itself, as we (Felda) are a major shareholder in FGV.

"We don't have a date or timeline that we are chasing because we have to refine this issue so that the benefits can be enjoyed by both Felda and FGV," he said to the media after launching the D'Saji Ramadan Buffet preview in Kuala Lumpur today.

- Bernama

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