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Eagle High acquisition could mean another round of selloff for Felda

AffinHwang has warned of acquisition considerations for Felda's proposed purchase of Indonesia's Rajawali plantation assets given the resurgent US dollar.

Kuala Lumpur

VIEWS may be mixed on how much support Malaysia's stock market can derive from a proposed RM20 billion (S$6.45 billion) fund to buy undervalued shares, but the plan has already proved to be a boon for Felda Global Ventures Bhd.

Shares of the state-owned planter are