CIMB Research and Kenanga Research have said that the depressed crude palm oil (CPO) prices will continue to force the world
PETALING JAYA: The sale of FGV Holdings Bhd
’s loss-making FGV China Oils Ltd (FGVCO) to China-based Grand Industrial Holding Co Ltd for RM100mil will allow the group to stop accounting for losses in its loss-making entity.
CGS-CIMB Research said yesterday that the divestment was a positive move for FGV.
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