Report: Safitex Trading owes FGV unit RM50m

PETALING JAYA: Safitex Trading LLC’S long outstanding debt owing to Felda Global Ventures Holdings Bhd’s (FGV) subsidiary Delima Oil Products Sdn Bhd has increased to US$11.7mil (RM50mil).

Bloomberg reported that PricewaterhouseCoopers’ (PwC) statutory financial audit for the financial year ended December 2015 (FY15) reported on the long outstanding debt of Safitex amounting to US$8.3mil to Delima Oil. FGV owns 72% of Delima Oil.

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Business , FGV , Delima Oil , plantation

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