FELDA Global Ventures Holdings Bhd (FGV) is entitled to receive a sizeable compensation for relinquishing its rights to manage the landbank belonging to the Federal Land Development Authority (Felda) should the current land lease agreement (LLA) be terminated.
FGV’s prospectus issued during its listing in 2012 outlined the process of transferring the land back to Felda, as well as a mechanism for compensation. The group currently manages some 335,000ha of Felda’s landbank under the LLA.
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