FGV’s management under probe

The board is investigating six matters on FGV

PETALING JAYA: The management of FGV Holdings Bhd is under probe as the plantation company, which covers 52 parliamentary seats in the Malay heartland, slipped into the red in the second quarter.

FGV registered a net loss of RM23.23mil in the second quarter ended June 30, 2018, due to lower productivity, rising production cost, higher share of losses from joint ventures and associate companies as well as lack of operational effectiveness and efficiencies.