Felda chairman Tan Sri Shahrir Abdul Samad said today that the agency hopes to earn more than RM500 million by selling the overseas assets. "You will see more disposals this year, particularly overseas assets, like the hotels (in London). "In November, the board decided to review investments by Felda, including Maybank shares. Amongst the decisions, one of it is to dispose (of) Maybank shares that have been held for a long time," he said, adding that the sale involved 35 million Maybank shares at between RM8 and RM8.05 apiece. "The funds raised from Maybank shares disposal will be utilised for various Felda settlers' programmes to fulfill Felda's responsibility," he said.

Source: The Edge Markets January 17, 2017 09:59 UTC