Malaysia

Majority of Felda settlers accepted FGVH share offer, says Isa

June 17, 2012

BENTONG, June 17 — The majority of Felda settlers have agreed to accept the offer of 800 units of Felda Global Ventures Holdings (FGVH) shares, Felda chairman Tan Sri Mohd Isa Samad said.

He said only a few from a total of 112,635 settlers nationwide had rejected the offer.

“The listing of FGVH on the Main Board of Bursa Malaysia is scheduled for June 28. So far, we have received positive feedback from Felda settlers even though some of them were dissatisfied with the amount of shares offered to them.

“The offer of 800 units of shares is apt as they also have another 20 per cent shares in the form of trust fund and annual dividend for life.

“So, let’s not fall for the lies spread by certain quarters who are trying to sabotage the listing of FGVH,” he told reporters after launching Felda Foundation College E-Alumni, Rebranding and Carnival near here today.

Mohd Isa (picture) said the settlers were lucky because they were offered the FGVH shares even when their land was not involved in the listing.

He also criticised a handful of Felda settlers who were still supporting the opposition even though the federal government had given them a very special position in the Malaysian society.

“Felda settlers are the most privileged and fortunate to be able to have property, including land, houses and shares,” he added. — Bernama