Wednesday, 17 July 2013

Felda, S.Korean firm to start RM120m sturgeon farm in Pahang

Felda and South Korea-based MMC Hassed Co Ltd will construct a RM120m sturgeon farm in Pahang as part of the East Coast Economic Region (ECER) project..According to an ECER statement, the project is expected to help boost the income of 1,300 Felda settlers and generate a monthly income of around RM10,000. Sturgeons are worth between US$3,000 to US$5,000 per kg, it added. The project will be implemented under a joint venture between Felda Investment Corp and MMC Hassed while the ECER Development Council and Biotechnology Corp will act as Felda's strategic collaborative partners. (Financial Daily)

Source: CIMB Daybreak - 17 July 2013

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