KUANTAN, Jan 4 — The High Court here today granted an injunction sought by four members of Koperasi Permodalan Felda Malaysia (KPF) to stop its extraordinary general meeting tomorrow that will decide the public listing of Felda Global Ventures Holding (FGVH) on the Bursa Malaysia.
The injunction was filed in Temerloh on December 23 by Rosdi Ismail, Alias Ibrahim, Abdullah Mohamad and Rakiah Sulong, seeking to block KPF’s meeting as well as its decision to dispose of its assets in Felda Holdings.
The applicants were represented by counsel Mohamad Harris Abdullah, reported Harakahdaily.
FGVH president and chief executive Datuk Sabri Ahmad has said plans to list on Bursa Malaysia in April 2012 are on track and that the company was firm in its mission to get the listing done within this time frame.
Harris told Harakahdaily that the decision was made after Felda lawyers submitted their testimony in front of Kuantan High Court Judge Datuk Mariana Yahya.
“However, if KPF goes ahead with their meeting, we will file another injunction,” he said, adding that he had filed the interim injunction to stop the general meeting last Wednesday.
It is understood that the KPF extraordinary meeting was to verify the status of Felda Chairman Tan Sri Isa Samad and seek support from members of co-operative for the disposal of equity for the purpose of listing FGVH in Bursa Malaysia.
The listing of FGVH, announced last month in Budget 2012, is expected to take place in the middle of the year.
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Court grants injunction to stop Felda co-op EGM
January 04, 2012 – MI
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