Former Felda chairman and FIC director Tan Sri Isa Samad
KUALA LUMPUR: A 2017 reassessment of Merdeka Palace Hotel and Suites in Kuching, bought by Felda Investment Corporation Sdn Bhd (FIC) at RM160mil in 2014, valued the property at just RM80mil, the High Court heard on Tuesday (Oct 8).
FIC chief financial officer Azlan Mohamed Ismail, 51, told the court that the board of directors of the Felda investment arm had appointed C H Williams Talhar Wong and Yeo Sdn Bhd to revalue the hotel in 2017.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
