Spotlight on listed entities
Khairul Khalid | 08 Sep 2017 00:30
Iris, Encorp and FGV may be sold off as an option to financially prop up Felda
THE ongoing restructuring of the Federal Land Development Authority (Felda) has come under close scrutiny, especially with the faltering fortunes of its three listed entities that it heavily invested in.

Its listed plantation arm Federal Global Ventures Holdings Bhd (FGV) has been hogging most of the spotlight due to its high-profile management upheaval.

But its other two prominent investments in non-plantation businesses – Iris Corporation Bhd and Encorp Bhd are also undergoing major changes.

FGV saw the appointment of an acting chairman and officer-in-charge while Iris had a new chairman and deputy executive chairman. Encorp too appointed a new chairman.

Subscribe to latest issues or Log In