Another good and insider writing by finance twitter. I like this paragraph especially:
Sure, based on the terms of the lease, FGVH must pay Felda RM248.5 million (or RM698.24 / hectare) annually together with a fixed percentage of FGVH’s plantations operating profit. But when you compare this to Boustead REIT lease of RM3,500 / hectare, the settlers were made suckers for such a cheap leasing rate. Now you understand why Isa Samad was chosen as the person to rip off Felda Holdings. When you can underpay the idiots by a whopping 400% and yet they applause what you did, it simply means you’re as smart as Albert Einstein, if not better (*grin*). Based on 91,203,787.5 or 2.5% shares to be shared equally amongst 112,000 settlers, each of them will be getting 814 shares – great deal.