Transformation plan: FGV Holdings Bhd group chief executive officer Datuk Haris Fadzilah Hassan (left) and chief financial officer Datuk Mohd Hairul Abdul Hamid speaking at a media briefing on the group’s 2Q19 financial results. Haris Fadzilah says FGV’s transformation plan is on track as its FFB production and yield increased by 15% and 19%, respectively, in the quarter. >
KUALA LUMPUR: FGV Holdings Bhd
is not rushing to sell its 51% stake in refined sugar producer MSM Malaysia Holdings Bhd, which has partially widened its net losses in the second quarter ended June 30.
Given that the world’s largest crude palm oil (CPO) producer is exploring potential collaborations with sugar industry players for MSM, group chief executive officer Datuk Haris Fadzilah Hassan said the group is still looking for the “best fit” as it explores more options for the loss-making refined sugar producer.
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