KUALA LUMPUR, May 16 (Bernama) -- Koperasi Permodalan FELDA Malaysia Berhad (KPF) today unveiled its Investment Asset Rationalisation Plan to further strengthen its position as a resilient and credible cooperative institution.
KPF chairman Datuk Mohd Banuri Aris said the plan, anchored on three key strategies, aims to ensure the institution remains sustainable and fulfils its commitments to members, while also restoring their confidence.
“The first strategy involves the sale of selected plantation assets, which is expected to be completed by the fourth quarter of 2025. Second is the disposal of properties that do not generate sustainable returns, and third is the restructuring of equity holdings in associate companies.
“These measures are not only intended to regenerate cash flow, but also to pave the way for a more sustainable and competitive business model in the long term,” he told a press conference today.
Mohd Banuri said that despite facing high demand for share withdrawals, having received 29,159 applications worth RM691.58 million from 2022 until April this year, KPF remains committed to fulfilling its obligations to members.
He added that 18,783 applications worth RM319.44 million have been processed and paid, while the remaining 10,376 applications valued at RM372 million will be fulfilled in phases.
“Withdrawals are paid in stages using a rotation system. Priority is given to applications involving critical needs such as haj, umrah, medical treatment, education, legal cases, and other urgent situations carefully evaluated by the board,” he said.
He also expressed appreciation to FELDA and its chairman, Datuk Seri Ahmad Shabery Cheek, for their trust and cooperation, including KPF’s appointment as the sole agent for the purchase of Fresh Fruit Bunches and management of Palm Collection Centres across all FELDA schemes.
Mohd Banuri said KPF has maintained stable financial performance without recording losses since its establishment in 1980, a testament to its sound management and economic foundation.
He also called on the 253,000 active KPF members, especially settlers, to remain engaged and supportive of the cooperative’s recovery agenda.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
