The proposed plan is to distribute the units in the entity, which will be a plantation trust, to all shareholders of FGV and the Federal Land Development Authority (Felda) to be appointed as the manager of the plantation trust.
PETALING JAYA: The major shareholder of Felda Global Ventures Bhd (FGV) is exploring the possibility of carving out the plantation business from the listed arm and placing it in a trust to be owned by shareholders.
The proposed plan is to distribute the units in the entity, which will be a plantation trust, to all shareholders of FGV and the Federal Land Development Authority (Felda) to be appointed as the manager of the plantation trust.
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