Monday 26 December 2016

Rajawali. Felda. Back To Back

Is a current hit for Canada's Drake, that was recorded in 2015.

The current Federal Land Development Authority's deal to buy a 37 per cent stake in PT Eagle from Rajawali Group,  doesn't say if this deal will trigger a previous Back to Back agreement for the Indonesians to buy a 21 per cent stake in the listed Felda.

Talk in town is the Indonesians will be buying Felda shares from the open market, which currently is trading at RM1.53