Which way will the winds blow for FGV?

News of Syed Mokhtar’s interest in FGV had been in the air since September last year. It was reported the businessman was scouting for funding of more than RM1bil to facilitate the acquisition that could end up with him owning a 20% strategic block.

AFTER months of speculation, it is out in the open. Tan Sri Syed Mokhtar Albukhary has made clear his interest to acquire a major stake in FGV Holdings Bhd.

On Thursday, the tycoon formally put in an expression of interest to the board of the plantation group through Perspective Lane (M) Sdn Bhd, a unit of the businessman’s privately-owned Restu Jernih Sdn Bhd.