The Pahang government, being one of the parties acting in concert in the takeover of FGV Holdings Bhd’s remaining shares by the Federal Land Development Authority (Felda), was said to be capable of strengthening FGV’s position.

Felda chairperson Ahmad Shabery Cheek said the move not only sped up Felda’s efforts to achieve 90 percent share ownership, but also showed Pahang’s willingness to work with the federal agency to develop the national plantation sector.