Rajawali Group says it is prepared to fulfil the put option in relation to the Eagle High deal if Felda exercised it"properly".
"If the put option is properly exercised, for example, to be exercised at Felda's sole and absolute discretion on the fifth anniversary of the completion date - May 11, 2022 - Rajawali will honour its obligations," Rajawali Corp managing director Satrio Tjai was quoted as saying byOn Dec 23, 2016, Felda inked a deal to purchase a 37 percent stake in Indonesia's Eagle High Plantations Tbk from PT Rajawali Capital International.
According to the government's White Paper on Felda, it can exercise the put option earlier than the fifth year if Eagle High fails to comply with its obligations under the Roundtable on Sustainable Oil Palm certification, fails to get its RSPO certification within two years, commits a material breach or is involved in judicial proceedings relating to liquidation, insolvency, composition or reorganisation.
"There is no case in court. Any statement to that effect, including Rajawali lost a case in court against Felda, is not true.
Source: News Formal (newsformal.com)
Najib’s plan was never to exercise put option. If FELDA is allowed to exercise put option, what’s gonna happen to kickbacks? The idea is that, after 5 years, everyone would have forgotten the deal but unfortunately for him, the Govt changed..
Ambiklah balik duit tu. Dakwa juga rajawali.
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