Three Chinese companies eye strategic stakes in FGV

FGV shares were actively traded since early trade yesterday. Price went from a low of RM1.93 to a high of RM2.18 before closing 18 sen or 9.42% higher at RM2.09. FGV is the world

PETALING JAYA: Three China-based companies including China National Cereals, Oils and Foodstuffs Corp (COFCO) are vying for strategic stakes in Felda Global Ventures Holdings Bhd (FGV).

A source close to FGV told StarBiz that: “These Chinese companies are major global consumers of palm oil/palm products and are looking to raise stakes in FGV via the open market.”