HIGH COURT REJECTS BID TO STOP FELDA LISTING

KUALA LUMPUR, April 2 — The Kuantan High Court today rejected an application by eight FELDA settlers to halt the listing plans of FELDA Global Ventures Holdings (FGVH).

The settlers had last month won a temporary court order blocking the transfer of shares from their FELDA Investment Co-operative (KPF) to FGVH, a crucial step in the plan to list the plantation firm.

“The Kuantan High Court decided to reject the application made by the eight plaintiffs (KPF shareholders) at 12pm today.

“Whether or not an appeal will be filed or further action to be taken will be decided later,” FELDA Settlers Children’s Association (ANAK) chairman Mazlan Aliman told The Malaysian Insider.

Source: Malaysian Insider

ooppss!!...Why not FELDA file a suit against ANAK asking them to proove that FELDA is not transparent  in listing the FGVH.