MALAYSIA: Felcra To collaborate with foreign investors to develop downstream business

"We expect to sign a memorandum of understanding (MoU) with them by June," he told reporters.

Bung Mokhtar said the partnership with foreign investors would involve technology transfer to Felcra to develop the downstream business.

On other developments, he said the company has allocated RM150 million to replant 25,000 hectares of land with rubber and oil palm.

Source: "Bernama" (National News Agency of Malaysia), Kuala Lumpur; 28 Jan 2014
(Syed Rashid Ali, Karachi, Pakistan)