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PETALING JAYA: Felda Global Ventures Holdings Sdn Bhd’s (FGVH) plans to be listed in April 2012 are still firmly in place, according to its president and chief executive Datuk Sabri Ahmad.

The company released a statement reiterating its mission to get the listing done within the time frame, in response to questions about the listing.

The statement followed an English daily’s reports on the investing community’s doubts over the listing exercise.

It also addressed Gabungan Peneroka Generasi Wawasan Felda Kebangsaan which had formed an evaluation committee to analyse the listing and then present a recommendation to the Prime Minister.

“While we are open to ideas that can improve the listing process or optimise valuations, the board of FGVH is resolute in its mission to get the company listed by April next year. There is no wavering on our part and we are very clear as to how this listing will bring benefits and create a win-win situation for all,” Sabri said.

He added that FGVH is fully owned by Lembaga Felda and the decision for Koperasi Permodalan Felda, the Felda cooperative, to own substantial shares in FGVH prior to listing is designed to allow benefits to directly flow down to Felda settlers, all of whom are members of the cooperative.

Sabri added that FGVH’s listing cannot be stalled by outside parties who have no stake in the company or any form of involvement in its governance.

“Our decision to list is well thought out. It is the culmination of a process started in 2009 as part of Felda’s five-year transformation programme. FGVH’s role is to expand Felda’s international business footprint and pursue new ventures to ensure steady growth,” he said.

“Outside parties cannot upturn these plans to serve their own agenda and the FGVH board is sticking to its plans for the listing,” Sabri concluded.