Bung who declined to comment on the group’s new businesses, however, said: “Most of these new businesses are part of our growth strategy going forward. We will reveal them in due time.”
On the proposed listing of Felcra or one of its non-plantation based subsidiaries, he said: “Apart from waiting for the Government’s approval, the group is still studying the prospect to list (on Bursa Malaysia). We also believe it is still not the right time to go for listing.”
Felcra currently has 260,000ha planted with oil palm, rubber and paddy. Of the total, 170,000ha is cultivated with oil palms.
Bung said Felcra would continue to expand its plantation operations by acquiring land bank either locally or abroad.
Felcra is also undertaking replanting of about 25,000ha this year.
“Our initial replanting cost is about RM150mil for oil palm, rubber and paddy,” added Bung.
Earlier, at the Felcra-MPOB signing ceremony, MPOB chairman Ar Datuk Wan Mohammad Khair-il Anuar said the pact with Felcra reflected MPOB’s commitment to assist industry players in setting up their own oil palm tissue culture facilities.
He said the use of superior oil palm clones in planting was a strategic approach to boost productivity through increasing the yield of oil and fresh fruit bunches.
  
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