The proposed plan is to distribute the units in the entity, which will be a plantation trust, to all shareholders of FGV and the Federal Land Development Authority (Felda) to be appointed as the manager of the plantation trust. “Effectively, the upstream business of FGV would be in the trust and managed by Felda. With close to 320,000 ha of plantation land under its stable, FGV is easily among the world’s largest listed plantation companies. On the plantation trust, sources said the structure would allow for the entity, which will be listed, to acquire more plantations in future. “Eventually Felda would be the manager of the world’s biggest pure plantation trust company,” said a source.

Source: The Star June 15, 2017 22:30 UTC