LAST Friday, market talk had it that the Federal Land Development Authority (FELDA) had secured the requisite funding to buy the stakes held by Kumpulan Wang Persaraan (Diperbadankan), or KWAP, and Urusharta Jamaah Sdn Bhd (UJSB) in FGV Holdings Bhd.
The funding included the amount needed to buy up all the shares not under FELDA and parties acting in concert with it. Details of the funding, however, were unavailable but one source familiar with the matter said that FELDA obtained the loan as it had assets in the form of land.
“I would think it’s a club deal (a consortium of banks), no single financial institution would take up such a loan … or it (the privatisation) could be government funded,” one source says.
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PM Lee saddened by death of former Malaysian PM Najib’s mother
Madam Rahah Mohamed Noah was the wife of Malaysia’s second Prime Minister Abdul Razak, and mother of former Malaysian Prime Minister Najib Razak. (Photo: Facebook/Lee Hsien Loong)
19 Dec 2020 02:44PM (Updated:
19 Dec 2020 02:50PM) Share this content
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SINGAPORE: Singapore s Prime Minister Lee Hsien Loong on Saturday (Dec 19) said he was deeply saddened to hear of the death of Madam Rahah Mohamed Noah, the widow of Malaysia’s second prime minister, Abdul Razak Hussein.
Saturday, 19 Dec 2020 03:14 PM MYT
Tun Dr Mahathir Mohamad is seen next to Datuk Seri Najib Razak at the Ar-Rahah mosque in Kuala Lumpur December 19, 2020. Bernama pic
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KUALA LUMPUR, Dec 19 The late Tun Rahah Mohamed Noah had made enormous contributions to assist Tun Abdul Razak Hussein when he was the Second Prime Minister, said former Prime Minister Tun Dr Mahathir Mohamad.
Dr Mahathir who was close to Tun Razak’s family described Tun Rahah as among the last from the independence generation who contributed invaluable services and sacrifices to the country.