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PM: More Felda corporate exercises in the pipeline.

Business Times (Malaysia)

| September 04, 2009 | COPYRIGHT 1999 Financial Publications Sdn Bhd. (Hide copyright information)Copyright

Byline: Goh Thean Eu

THE government did not rule out the possibility of Felda Holdings Bhd buying a 21.1 per cent stake in Tradewinds (M) Bhd from Grenfell Holdings Sdn Bhd, a firm linked to Tan Sri Robert Kuok.

"Those corporate exercises, we will announce when the time comes," said Prime Minister Datuk Seri Najib Razak after chairing a Felda management meeting in Kuala Lumpur yesterday.

He declined to say more but added that Felda plans to announce a few corporate exercises.

"There are a few major things Felda will announce in due time," he added.

Najib, as well as senior Felda officials, did not disclose further information on the …

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