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Felda eyes RM1b asset sale to repair confidence

Lawmakers, analysts say firm overpaid in purchase of 37% stake in Eagle High Plantations for US$680m

Kuala Lumpur

FELDA Global Ventures Holdings Bhd plans to raise more than RM1 billion (S$356 million) selling non-core assets as the world's biggest crude palm oil producer focuses on plantations to repair investor confidence dented by an acquisition.

Unprofitable crushing and...

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