FGV Holdings Bhd (FGV) has been given a three-day period from the date of service of the notice of trespass on 10 plantations covering approximately 15,000 hectares, effective today, to remove its movable assets.

Terengganu State Committee on Agriculture, Agro-Based Industry, Food Security and Commodities chairman, Datuk Dr Azman Ibrahim, said that after the period expires, the seizure process will commence under Section 425 of the National Land Code, and all seized items will become the property of the state authorities.

He said the period of negotiation and mutual agreement between the state government and the top management of the Federal Land Development Authority (Felda) over the long-standing issue, which has persisted for 40 years, ended yesterday.

Media reports yesterday said that Felda failed to respond to demands for a 30 per cent share of the profits from state-owned land that has been developed over the past four decades.

"The notices were served simultaneously today to the management of FGV's 10 plantations in Setiu, Besut, Kemaman, Marang, Dungun and Hulu Terengganu.

"Notice boards have been installed in the areas concerned, covering 127 land lots," he said when met during the notice installation at the FGV Setiu Plantation Office in Kampung Air Sejuk, here, today.

Azman said that after the seizure process, compound actions will be taken against those involved for trespassing on state land.

"We will also file civil suits to claim compensation for losses incurred by the state government throughout the duration of this issue.

"In addition, criminal proceedings will be enforced as Section 425 of the National Land Code constitutes a criminal offence," he said.

He added that the notice was also sent to all members of FGV's board of directors.

"This marks the beginning of the legal action previously announced, following Felda management's repeated delays regarding this issue.

"The state government has allowed ample time for discussions, but there was no positive response, and every negotiation has its limit," he said.

https://www.nst.com.my/news/nation/2025/11/...-seizure-begins

Not very good at running business heh ?

AI Overview
FGV Holdings Berhad (FGV) was incorporated by the Federal Land Development Authority (Felda) in 2007 to serve as its commercial arm. Its subsequent listing on the stock market was a key initiative by then-Prime Minister Najib Razak in 2012 to raise funds and address issues within Felda.

Criticism and Outcomes: The listing and subsequent management faced heavy criticism and controversy. Critics alleged that the move was political and that the funds raised were misused for overpriced asset acquisitions, leading to substantial financial losses for both FGV and Felda. FGV's share price plummeted significantly from its initial RM4.55 issue price.

No money to songlap and not good running business are 2 different things.

Sell assets at least still can songlap a portion.

Betul juga!

kesian ore kito

land title and ownership managed by FELDA
FGV just run the business

wonder which one is bodo

apa mau buat. Majority in malaysia B40/M40 ppl all think anyone can be sucksesful businessman if given enough capital. Same kind of ppl believe when they fail it's because dengki and sabotage.

Other plantations ok je. Some even break new record for net profit this year. You know what's the underlying problem if you rugi while the industry average is untung.

News said land title still belong to state

Dulu zaman BN they dont care about this sbb sama parti state and federal

Yup.
Blatantly mcm their own money!
All learn from the bestest Politicians!
#ApaMaluBossKu?