Saturday, June 30, 2012

FELDA VENTURES DEBUT

on 29 Jun 2012, The Felda Venture FGVH is making its debut in KLSE opening rm5.39 against the the initial IPO price of 4.55. It is a premium of 8 sen.

Felda is a statutory body created in 1956, a year after the independent with the purpose to alleviate poverty of the rural Malays by land resettlement. Felda role was to create the infrastructure and the actual work force were the settlers.

FGVH is eyeing expansion into African, namely the Cameroon. It is also expanding into Kalimantan, Cambodia and Myanmar.  

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