Felda Global Ventures Bhd (FGV) will derive immediate returns on investment from its venture into a Chinese edible oil firm as well as over the longer term as part of its business diversification plans, the group says.
In a Feb 26 announcement to the exchange, the group disclosed that it plans to purchase a 55% stake in China’s Zhong Ling Nutril-Oil Holdings Ltd (NUH) for RM976.25mil from a major shareholder as well as 14 other vendors via two separate agreements.
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