FGV unit buys MSM Perlis for RM175m

FGV has earmarked the 11 parcels of agricultural and industrial land owned by MSM Perlis for the development of the FGV Chuping Agro Valley (FCAV) by FGVIF, a new sector under the group.

KUALA LUMPUR: FGV Holdings Bhd’s unit FGV Integrated Farming Holdings Sdn Bhd (FGVIF) had on Tuesday signed an agreement to buy the entire 100 per cent equity interest in MSM Perlis Sdn Bhd, which owns about 4,500 hectares in Chuping, Perlis, for RM175 million.

MSM Perlis is a wholly-owned subsidiary of MSM Malaysia Holdings Bhd (MSM), which in turn is 51 per cent owned by the FGV group.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business

Bursa Malaysia CEO takes over as chairperson of CEO Action Network
No merger of AirAsia's aviation business - Tony Fernandes
G7 price cap on Russian oil kicks in, Russia will only sell at market price
Cagamas concludes issuance of RM1.09bil bonds, sukuk
Bursa Malaysia aims for 300 PLCs to participate in transformation programme by 2025
Oil prices climb after Opec+ keeps output cut targets, China eases Covid curbs
Chinese snack maker Weilong Delicious aims to raise up to US$141mil in trimmed-down Hong Kong IPO
Yuan jumps past 7 per dollar as China eases some Covid curbs
Foxconn expects Covid-hit�China plant�back to full output in late Dec-early Jan�-source
Mestron secures RM10mil order from Singapore's Tamaco

Others Also Read