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Felda to use unlisted unit in bid to buy Rajawali stake: sources

Saturday, February 13, 2016 - 05:50

Kuala Lumpur

MALAYSIAN state-owned conglomerate Felda will use an unlisted unit to buy into Indonesian tycoon Peter Sondakh's debt-burdened Rajawali Group, sources familiar with the matter said, seeking to avoid heavy investor criticism that scuttled an attempted deal last year.

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