FGV’s board is of the opinion that the proposed change of name, would reflect its business direction under our flagship brand FGV, it said in a circular to shareholders on Tuesday.
“This change would allow FGV to develop its own distinct brand and identity, separate from Felda, our major shareholder and enable stakeholders to better differentiate between the two entities.
“The proposed change of name will also serve to further enhance the marketability of our products, strengthen the company’s position as a leading palm oil producer and henceforth the success of our group,” it said.
The group said the proposed name “FGV Holdings Bhd” has been approved and reserved by the Companies Commission of Malaysia on May 31. The proposed change of name is conditional upon your approval being obtained by way of a special resolution at the forthcoming EGM on June 28.
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