KUALA LUMPUR: Encorp Bhd is still in preliminary discussion with its major shareholder, Felda, in exploring potential collaboration.
Encorp in a filing to Bursa Malaysia today said no formal terms or agreement had been reached.
It said the announcement was being made to clarify a recent report in a local which stated that the company was confident of securing joint ventures with Felda in developing landbanks in Selangor, Malacca and Johor. – Bernama