Felda clarifies acquisition of Indonesian Eagle High stake

There is a reason for not pursuing a controlling stake which Felda cannot disclose before it goes through the approval process of the relevant authorities, both in Malaysia and Indonesia. However, what it can say now is that it needed a strong local partner to materialise its business plan to expand in Indonesia.

FELDA would like to clarify a few things in light of its recent acquisition of a 37% stake in PT Eagle High Plantations TBK (EHP) that StarBiz has reported on Dec 29 and 31:

1. Financing of the acquisition