Federal Land Development Authority or FELDA was established on July 1, 1956 under the Land Development Ordinance (Land Development Ordinance) 1956. FELDA functions provided under the Act (Amendment 1991) are as follows:
▼Jom Sembang Warga Felda ▼ FELDA GLOBAL VENTURES HOLDINGS SDN BHD (FGVHS) TO BE LISTED [ Click Here For Archives / Past Posting ] NEWS: Durian runtuh dibayar 3 kali | Usaha gagal FVGH tak berhasil | Terharu hingga titis air mata ------------------------------------------------------------------------------------------------------ Felda Global Ventures offer 2.19bil shares in IPO It comprises offer for sale by Felda of 1.21 billion units PETALING JAYA: The highly anticipated listing of Felda Global Ventures Holdings Bhd (FGVH) will see up to 2.19 billion shares being offered under its initial public offering (IPO) scheduled for end-May or early June. According to FGVH's draft prospectus exposure to the Securities Commission, the total IPO shares comprise an offer for sale by the Federal Land Development Authority (Felda) of up to 1.21 billion shares to local and foreign institutional and selected investors, and a public issue of up to 980 million shares. Of the public issue shares, 286.8 million will be offered to local and foreign institutional and selected investors; 419.5 million to bumiputra institutional and selected investors approved by the International Trade and Industry Ministry; 200.6 million to eligible employees, Felda settlers and individuals who have contributed to the success of the group; and 72.9 million to the Malaysian public. The prices for the FGVH IPO shares, however, have yet to be determined. FGVH is the commercial arm of Felda for overseas investments in the upstream and downstream palm oil business and other agribusinesses encompassing oil palm and rubber plantation products, soybean and canola products, oleochemical and sugar products. Its agricultural and agri-commodities operations now span across 10 markets, including Indonesia, China, India, North America, South Africa and Turkey. According to Frost & Sullivan, FGVH is the third largest oil palm plantation operator in the world based on planted hectarage (other than planting of immature oil palms) last year. In Malaysia, the group currently operates 343,521ha of oil palm plantation estates that managed to produce 5.2 million tonnes of fresh fruit bunches last year. FGVH's 49%-owned associate, Felda Holdings Bhd (FHB), is the largest crude palm oil (CPO) in the world based on production volume. FHB's CPO production last year stood at 3.3 million tonnes. FGVH also boasts having MSM Holdings Bhd, the leading refined sugar producer in Malaysia, as its subsidiary. MSM has a production capacity of 1.1 million tonnes of sugar products. Last year, its production volume stood at 958,377 tonnes. FGVH has seven individuals listed as its directors. Besides chairman Tan Sri Isa Samad, they are Datuk Sabri Ahmad, Dr Mohd Emir Mavani Abdullah, Datuk Dr Omar Salim, Datuk Yahaya Abdul Jabar, Datuk Shahril Ridza Ridzuan and Datuk Abdul Rahman Ahmad. FGVH said the gross proceeds from the offer for sale would accrue entirely to Felda, while those arising from the public issue were expected to be fully utilised for its core business purposes. These include selective acquisitions of oil and fats, manufacturing and logistics businesses; acquisition of plantation assets; construction or acquisitions of mills and refineries; loan repayment for its overseas operations; capital expenditures for efficiency and capabilities improvements; as well as working capital requirements and listing expenses. For its financial year ended Dec 31, 2011, (FY11) FGVH's net profit stood at RM1.01bil on revenue of RM7.47bil. This compared with its net profit of RM844.43mil on revenue of RM5.8bil for FY10, and a net profit of RM313.4mil on revenue of RM2.88bil. Source: http://biz.thestar.com.my/news/story.asp?file=/2012/4/27/business/11186939&sec=business ------------------------------------------------------------------------------------------------------ [ Iklan banner 468x160 atau 125x125 RM30 sebulan - Sila email ke netbiz.com.my@gmail.com jika mahu iklan banner disini ]Peluang Untuk Peneroka Felda Bisnes Mudah Dari Rumah:
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