Felcra Eyes Listing In Long Term

May 08, 2012 21:19 PM  By Zuhafizah Ahmad Zaki 

KAMPUNG GAJAH, May 8 (Bernama) -- Felcra Bhd intends to be a more viable corporate entity by consolidating all its 17 subsidiaries under a new parent for listing on Bursa Malaysia, chairman Datuk Tajuddin Abdul Rahman said today.

The listing, a long-term plan, would enable Felcra to generate RM200 million in annual income, he said. "Now even a company with RM20 million in profit can list on Bursa, but this is only my suggestion if I remain Felcra chairman," he told reporters after presenting the title deeds to 108 new homeowners and housing repair certificates to 41 people in the BPR 2012 housing assistance programme in his Pasir Salak parliamentary constituency here.

 Felcra was set up in 1966 to raise rural people's living standards by participating in national economic activities, and changed its name to Felcra Bhd upon incorporation on Sept 1 1997.

Becoming a government-linked corporation (it was previously a statutory body) has enabled it to diversify into new business ventures to strengthen its financial position and reduce its dependence on rubber and palm oil earnings. -- BERNAMA