La moitié de l'argent levé en bourse sera destiné à la replantation, mais aussi à l'extension des surfaces chez le voisin indonésien et en Afrique, où le coût du foncier est moins élevé qu'en Malaisie.
Felda Global plans to use the bulk of its proceeds to snap up more plantations in Southeast Asia and Africa and boost its refining and market business in its bid to become a peer to Archer-Daniel Midlands and Cargill by 2020.
The company’s expansion plans -- 50% of IPO proceeds will be used to develop plantations in vulnerable areas in Africa, Indonesia and elsewhere -- are likely to trigger NGO protests and conflicts with local communities.
Felda Global Ventures Holdings Bhd., Malaysia’s biggest plantation operator, with a landbank of 880,000 ha, aims to file documents this week for the nation’s biggest initial share sale in more than a year
The debate over foreign investment is set to expand from the mining industry to agriculture as overseas investors pour billions of dollars into Australian rural properties considered by some to be strategic national assets.