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Felda has no plans to take FGV private

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Written by Syndicated News

KUALA LUMPUR — January 16, 2017: The Felda Global Ventures Holdings Berhad (FGV) board today clarified that there has been no discussions on taking the company private.

The company informed Bursa Malaysia today that this confirmation came after it had enquired with the Federal Land Development Authority (Felda) as the major shareholder.

“FGV was informed that there has been no discussion on this at the board level. FGV has also not received any proposal from the other shareholders on the same matter,” it said.

The plantation company said that if there is any development or material information on the matter, it would make the necessary announcement.

At the lunch break, FGV shares ended flat at RM1.76. — Bernama

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