Felda Global Ventures Holdings Sdn Bhd's plans to list on the Main Market of Bursa Malaysia in April 2012 are on track.
In a statement today, its president/chief executive, Datuk Sabri Ahmad, said FGVH was firm in its mission to get the listing done within this time frame.
Sabri's response came in the wake of an outside group being formed to question the listing. The most recent was the Gabungan Peneroka Generasi Wawasan Felda Kebangsaan, which announced it had formed an evaluation committee to analyse the listing and would come up with a recommendation to be presented to Prime Minister Datuk Seri Najib Razak.
He said while Felda Global Ventures was open to ideas that could improve the listing process or optimise valuations, its board was resolute in its mission to get the company listed by April next year.
"There is no wavering on our part and we are clear as to how this listing will bring benefits and create a win-win situation for all.
"Felda Global Ventures is fully owned by Lembaga Felda and the decision for Koperasi Permodalan Felda, the Felda cooperative, to own substantial shares in Felda Global Ventures prior to listing is designed to allow benefits to directly flow down to Felda settlers, all of whom are members of the cooperative," he said.
Sabri said the Felda Global Ventures' listing cannot be held up by outside parties who had no stake in the company nor any kind of standing in its governance.
"Our decision to list is well thought out. It is the culmination of a process started in 2009 as part of Felda’s five-year transformation programme," he said.
He said Felda Global's role was to expand Felda’s international business footprint and pursue new ventures to ensure steady growth.
"Outside parties cannot upturn these plans to serve their own agenda and the Felda Global Venture board is sticking to its plans for the listing," he said. -- BERNAMA
In a statement today, its president/chief executive, Datuk Sabri Ahmad, said FGVH was firm in its mission to get the listing done within this time frame.
Sabri's response came in the wake of an outside group being formed to question the listing. The most recent was the Gabungan Peneroka Generasi Wawasan Felda Kebangsaan, which announced it had formed an evaluation committee to analyse the listing and would come up with a recommendation to be presented to Prime Minister Datuk Seri Najib Razak.
He said while Felda Global Ventures was open to ideas that could improve the listing process or optimise valuations, its board was resolute in its mission to get the company listed by April next year.
"There is no wavering on our part and we are clear as to how this listing will bring benefits and create a win-win situation for all.
"Felda Global Ventures is fully owned by Lembaga Felda and the decision for Koperasi Permodalan Felda, the Felda cooperative, to own substantial shares in Felda Global Ventures prior to listing is designed to allow benefits to directly flow down to Felda settlers, all of whom are members of the cooperative," he said.
Sabri said the Felda Global Ventures' listing cannot be held up by outside parties who had no stake in the company nor any kind of standing in its governance.
"Our decision to list is well thought out. It is the culmination of a process started in 2009 as part of Felda’s five-year transformation programme," he said.
He said Felda Global's role was to expand Felda’s international business footprint and pursue new ventures to ensure steady growth.
"Outside parties cannot upturn these plans to serve their own agenda and the Felda Global Venture board is sticking to its plans for the listing," he said. -- BERNAMA
