The ‘Thirteen Million Ringgit Plus” question is, will the single largest shareholder in FGVH IPO still be KPF?
Assets and companies under FHB, which is 51% owned by KPF, are important to be injected into FGVH.
However, the past eight months saw the direct and indirect ‘opposition’ from the KPF board, which includes the summary expulsion of Isa, FGV CEO Dato’ Sabri Ahmad, former FELDA Chairman Tan Sri Dr Yusof Nor and former FGV CEO Dato’ Seri Mohd Bakke Salleh on 28 Oct 2011.
The drama continues, there on.
After much stormy drama one after another and the failure of several plan processes, which include KPF EGM, the listing of FGVH has been systematically attempted to be killed, even by FELDA’s own ‘inner circle’.
Read more HERE.