FELCRA withdraws from Dairy Farm venture in Perlis

FELCRA Bhd has decided to withdraw from a memorandum of collaboration (MoC) with FGV Holdings Bhd and Qatar-based Baladna Food Industries Co to explore a dairy farm business in Chuping, Perlis, which was signed in August last year.

Nevertheless, FGV and Baladna Food Industries are continuing with the comprehensive feasibility and technical study of the project. They will make further announcements in the near future with regards to the MoC.

In August 2021, FGV’s subsidiary, FGV Integrated Farming Sdn Bhd (FGVIF) has inked an MoC with FELCRA and Baladna Food Industries to carry out comprehensive feasibility and technical study on an opportunity to potentially co-invest in an integrated dairy farm business in Chuping.