Malaysia's Felda may sell share holdings, London hotels

A man walks past a welcome signboard outside the Federal Land Development Authority (FELDA) Sungai Tengi Selatan palm oil plantation in Hulu Selangor, about 100 km (62 miles) north of Kuala Lumpur February 22, 2012. REUTERS/Samsul Said/Files

Malaysia’s Federal Land Development Authority (Felda), operator of some of the world’s biggest palm oil plantations, may sell shares in publicly listed firms and some hotels in London in a review of investments to raise funds, its chairman said.

“We are looking at various assets we own,” Shahrir Abdul Samad told reporters on Tuesday. “You will see disposals, particularly overseas assets.”

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