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FGV, more pain than gain


The plantation group should be delisted as it cannot shake off its stigma as a political entity
IT would appear that the last straw for Felda was when Perspective Lane Sdn Bhd launched an offer to become the single largest shareholder of FGV Holdings Bhd
in October last year.
Until then, Felda had been pussy-footing on a move to take FGV private. The innuendo from Felda to take back FGV into its fold was clear. It wanted to terminate a land lease agreement (LLA) between the government-owned authority and the listed company FGV to help it restructure its finances.
The agreement can only be terminated if FGV is taken private. Two months after the offer from Perspective Lane, Felda launched a general offer for FGV. At the time of writing, it has accumulated more than 54% and the share price is just above its offer price of RM1.30. If the share price continues to be on the uptrend, Felda has to increase the offer price if it wants to take FGV off Bursa ....

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Judge Nazlan transfer normal administrative move, says Malaysian Bar | Malaysia


Saturday, 23 Jan 2021 03:19 PM MYT
BY RADZI RAZAK
The Malaysian Bar president Salim Bashir said that there was nothing wrong with the transfer of judges from court to court as it is up to the Chief Justice of Malaysia, FMT reported. Picture by Yusof Mat Isa
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KUALA LUMPUR, Jan 23 The Malaysian Bar president Salim Bashir said the transfer of judge Mohd Nazlan Mohd Ghazali who convicted former prime minister Datuk Seri Najib Razak last year is a “normal” matter.
Free Malaysia Today (FMT), quotes Salim who said that there was nothing wrong with the transfer of judges from court to court as it is up to the Chief Justice of Malaysia (CJM). ....

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Year of high profile verdicts, 2 get jail & fine, others freed


Year of high profile verdicts, 2 get jail & fine, others freed
28 Dec 2020 / 08:28 H.
KUALA LUMPUR: 2020 has indeed been an eventful year for the country’s judiciary with verdicts made over several high profile cases, with the most prominent, involving former Prime Minister Datuk Seri Najib Tun Razak.
Other court cases that took centre stage this year included on 1Malaysia Development Berhad (1MDB) scandal, corruption, criminal breach of trust (CBT) and money laundering which involved prominent leaders in the country.
On July 28, former prime minister Datuk Seri Najib Tun Razak was sentenced to 12 years’ jail and RM210 million fine by High Court Judge Mohd Nazlan Mohd Ghazali after finding him guilty on seven charges of CBT, money laundering and abuse of position involving RM42 million of SRC International Sdn Bhd funds. ....

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