FGV probing Asian Plantations deal


CIMB Research and Kenanga Research have said that the depressed crude palm oil (CPO) prices will continue to force the world

THE board of FGV Holdings Bhd is said to be looking into the group’s investment in London-listed Asian Plantations Ltd (APL) that was acquired back in 2014.

Towards this end, key officials of the company, including former directors and management of FGV, have been queried on APL’s hefty price tag of more than RM1.1bil that was approved.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , FGV , plantation

   

Next In Business News

Inta Bina bags RM170mil job
Crest Builder unit bags RM486mil job
DXN 4Q net profit jumps 43%
MAHB first-quarter traffic the highest since 2020
PepsiCo's first-quarter results beat as international demand drives growth
Spotify profits up, but lower marketing hits user growth
Rafizi: Economy continues to strengthen along with Bursa Malaysia
MAHB's 1Q24 traffic hits more than 90% recovery rate against 1Q19
IRDA's RM636bil investment goal to help propel Malaysia into top 30 global economies
DXN Holdings net profit for FY24 rises to RM310.99mil

Others Also Read