Felda chairman, Tan Sri Shahrir Abdul Samad speaking to media during the press conference on Felda day celebration yesterday in Putrajaya. - MOHD SAHAR MISNI/The Star
KUALA LUMPUR: Federal Land Development Authority (Felda) has no plans to sell its stake in Felda Global Ventures Holdings Bhd, according to The Wall Street Journal (WSJ).
Felda's chairman Tan Sri Shahrir Abdul Samad was quoted saying by WSJ that "Felda has no plans to sell its stake in FGV to anybody".
Felda owns a 33.66% stake in FGV.
WSJ also pointed out recent media reports that Felda planned to sell its stake in FGV to Indonesia's tycoons Martua Sitorus and Peter Sondakh, but had postponed the plan due to the management crisis in FGV.
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