KUALA LUMPUR (Aug 28, 2012): More than 112,635 Felda settlers will each gain RM400 in interim dividends from the time Felda Global Ventures Holdings (FGVH) Bhd was listed on Bursa Malaysia in June this year.
"Felda settlers will receive two forms of dividends. The first is through the 800 units of shares allocated to them, which will earn them RM44," Prime Minister Datuk Seri Najib Abdul Razak told a press conference at the Felda Group Hari Raya Open House at Menara Felda today.
The second form of dividend is from the settlers' trust fund, which allocated them another 20% of shares.
Najib explained that when the 730 million shares are multiplied with the rate of 5.5 sen per share from the interim dividends, the settlers' families would gain from the RM40.1 million returns that would be divided among them.
"This means that each settler will receive RM356. If added to their first dividend earning of RM44, they will each receive a total of RM400," he said.
Najib also said Felda has allocated RM360.7 million to help settlers pay up their shares with a monthly repayment of RM50.
He said Felda will help settlers to ease their burdens by paying up the amount owing for the 800 unit shares and later settle their debts to Felda.
Earlier, calling the Opposition "pests", Najib urged the Felda community not to pay heed to "their baseless accusations" against Felda.
"I don't want to be telling all the Felda secrets but Felda's income alone for now is RM5.99 billion and this is not including Felda Global Ventures.
"When we include Felda Global Ventures, the total income would reach RM10.5 billion," he said in his speech at the open house.
Najib said the total cost of obtaining and constructing the 50-storey Menara Felda building was RM700 million, including the furnishings and the chandeliers in the ballroom.
"But I know that we made a good decision to purchase this building because to date we have made RM400 million from the building," he said, adding that once more tenants move in, the income would increase.
Najib said the RM5,000 announced for Felda settlers, their wives and children – when FGVH was listed in June – will be distributed in October after the budget is unveiled.
"We are giving a windfall to the settlers, their wives and children. The settlers would get RM5,000, their wives would get RM5,000 and their children another RM5,000," he said, adding that if there are more than one child, the amount would be divided among them.
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