KUALA
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.
Led by the National Association of Felda Settlers’
Children (ANAK), the rally, codenamed “Save Felda” will kick-off after
Friday prayers and will see 30,000 demonstrators marching to the Federal
Land Authority’s (FELDA) headquarters in Jalan Semarak, according to
the movement’s chief Mazlan Aliman.
ANAK and several opposition leaders held a giant rally
here in July to protest FGVH’s listing, which they claimed was being
done to curry favour with FELDA settlers and their children who are seen
as an important vote bank for the ruling Barisan Nasional (BN) in the
run-up to the 13th general elections.
Read More / Baca Lagi >>