FGV plans to improve its future income via rationalisation scheme

Best interest: FGV says if its board and management decide to proceed with the rationalisation plan, it will be carried out with full transparency.

PETALING JAYA: Felda Global Ventures Holdings Bhd (FGV) has clarified that the RM200mil to RM300mil potential adjustments are related to the plantation company’s plan to improve its future income through a rationalisation plan.

Over the weekend, it was reported that FGV could make a write-off of up to RM300mil in its fourth financial quarter ending Dec 31, 2016.