China Outbids India For Bangladesh's Largest Stock Exchange -- What's Next?
Under the agreement, the Chinese consortium will buy each share at BDT 21, or $0.25, totaling some $125 million for the one-fourth stake which values at $53 million. Previously, China offered BDT 22 per share, but lowered its bidding price because the DSE paid out a 10% dividend in 2017.
KUALA LUMPUR: Economic Affairs Minister Datuk Seri Azmin Ali said recently that he will table a White Paper on the Federal Land Development Authority (FELDA)’s state of affairs in parliament in December.
The development agency and its subsidiaries FGV Holdings Bhd and Felda Investment Corp Sdn Bhd (FIC) have spent billions from 2013 to 2017, some on questionable acquisitions.
Today, the group is in dire straits financially with FELDA said to be saddled with debts of RM8.05 billion and weak cash flow.