This is because the deal is a stand-alone investment with its own financing, while the US$505.4 million (RM2.26 billion) value is favourable with recent transactions involving an Indonesian palm oil company. "The deal will not impact FELDA's existing commitments and programmes to improve the wellbeing of the settlers," said Felda. (A giant arch welcomes outsiders to Kampong LBJ, which was a felda settlement visited by the late U.S, president Lyndon Baines Johnson, often referred to as LBJ. It was named in honour of his visit there during a tour of Malaysia. - Filepic)
KUALA LUMPUR: The Federal Land Development Authority (FELDA)s plan to acquire a 37 per cent stake in Indonesias PT Eagle High Plantation Tbk (EHP) will not affect the well-being of settlers.
"The deal will not impact FELDA's existing commitments and programmes to improve the wellbeing of the settlers," said FELDA.
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