Showing posts with label Felda Global Venures Hodings. Show all posts
Showing posts with label Felda Global Venures Hodings. Show all posts

Felda: protest march and we are paying for it

Feldas' settlers' are pretty unhappy and decided to march in KL.

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Farmers to march against FGVH amid dismal share price
December 27, 2012KUALA LUMPUR, Dec 27 — Some 30,000 farmers are expected to converge on the city tomorrow against plantations giant Felda Global Ventures Holdings (FGVH) in what they claim is a bid to save the federal land authority — seen as among the last pillars of the Malay community — from crumbling.
 The share price of FGVH had dipped two sen below its initial public offering (IPO) of RM4.55 in early trade at 10am today, continuing its dismal performance in recent months which has angered a group of first- and second-generation palm oil farmers who hold stock in the company.
 FGVH’s share price rebounded later in the day to close at RM4.60 on Bursa Malaysia when trading halted for the day.
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