News – Risda eyes Bursa listing


“… to increase the income of the smallholders and Risda staff, and to protect their interests, in the near future.” I don’t know about you, but I smell stinking dead rat here. Anything they do (privatizing public property and other’s people asset) they will always need justification for their action. What better way than using media to justify their action by sprinkling here and there the above quote in all of their statements. When the same thing is repeated over and over again, even smell of stinking dead rat will smell like Polo perfume.

Risda chairman Tan Sri Rahim Tamby Chik was quoted by Bernama as saying that the agency was carrying out research for the best method for this purpose.

According to information obtained from the Risda website, the land assets are managed by wholly owned subsidiary Estet Pekebun Kecil Sdn Bhd. Estet Pekebun Kecil manages about 78,000ha of oil palm and rubber plantations in Peninsular Malaysia.

Risda also owns a 70% stake in Risda Plantation Sdn Bhd with the remainder equity being owned by Koperasi Pekebun Kecil Getah Nasional Bhd.

Risda Plantation’s role is to facilitate palm oil and rubber replantation and commercialisation programmes. It manages a further 76,000ha of oil palm and rubber plantations.

Besides that, Risda’s nine subsidiaries spans an almost complete supply chain, including a college; rubber and oil palm seed tree incubators; a fund management firm and an insurance broking arm.

Rahim noted that Risda was “different from Felda Global Ventures Holdings Bhd” as the land was owned by the farmers and this plan also required the explicit approval of the Government.

He also said they also planned to create a unit trust through Risda Holdings in order to increase the income of the smallholders and Risda staff, and to protect their interests, in the near future.

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