FGV is prepared for Felda land lease deal termination

FGV Holdings Bhd reiterated today that it has yet to receive a written notice from the Federal Land Development Authority (Felda) regarding the termination of the land lease agreement (LLA), but has prepared its businesses and operations for this eventuality.

In a statement, FGV said once it receives an official notice from Felda as required under the LLA, it will follow the procedures outlined in the LLA to start the process of termination and determining the compensation due to FGV, which will take 18 months to complete...