Malaysia’s state palm oil plantation agency said on Thursday it will sell assets, including property in London, restructure some loans and try to boost cashflow in a bid to trim debts of nearly $2 billion.
Megat Zaharuddin Megat Mohd Nor, who took over as chairman of the Federal Land Development Authority (Felda) in July, said he aimed to reduce debt by nearly 20 percent from 8.03 billion ringgit ($1.94 billion) at mid-2018 to 6.5 billion ringgit by year end.
