Felda Global listing a relevant move: Group

The listing of Felda Global Ventures Holdings Bhd on Bursa Malaysia’s Main Market is a relevant move for it to stay competitive at a local and international level, said Gabungan Pemikir Profesional Felda (GAPROF) panel member, Datuk Khairil Anuar Aziz.

"The listing is just a normal Initial Public Offering (IPO) process that can generate higher funding for the company. The Felda population increases every year and therefore, higher funding is required to manage activities," he told a press conference here today.

He also said the benefits to be received by the Felda community will not be touched and not even an inch of their land was included in the listing.

Meanwhile, Alumni Asrama Felda Malaysia (AAFM) president Abdul Malek Jalil said the listing could assist the Felda generation to get a place in the companies under Felda Global Ventures.

It could, he added, also give them an opportunity to expand their careers overseas, alongside Felda's foreign partners.

"The listing of the conglomerate should be done quickly to take advantage of the high global price of oil palm," Abdul Malek said. --Bernama