FGV wants Felda to stop media releases, discuss LLA matter with it

KUALA LUMPUR: FGV Holdings Bhd wants the Federal Land Development Authority (Felda) to stop issuing further statements to the media on the issue of the land lease agreement (LLA), saying it has yet to receive a written notice from the latter regarding the LLA termination and its intention to take over FGV’s palm oil mills nationwide.

The plantation company said its chairman, Datuk Wira Azhar Abdul Hamid, yesterday wrote to

Felda chairman Datuk Seri Idris Jusoh informing him that the notice to terminate the LLA was not forthcoming up to this date.

“(Azhar) suggested (for) Felda to stop any further media releases on this matter and to discuss prior to releasing a joint statement on the agreed terms in accordance with the terms and conditions of the LLA,” it said in a filing with Bursa Malaysia.

Felda Special Task Force chairman Tan Sri Abdul Wahid Omar announced the plan on Oct 30.

Meanwhile, regarding an article published by The Edge Malaysia which said Felda had opposed Tan Sri Syed Mokhtar Albukhary’s proposed injection of plantation assets into FGV, FGV said the individual directors of FGV did receive a letter from the Felda chairman stating that Felda’s board of directors would not support any proposal which would result in the dilution of its shareholding in FGV.