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FGV Holdings Bhd’s unit FGV Integrated Farming Holdings Sdn Bhd (FGVIF) had on Tuesday signed an agreement to buy the entire 100 per cent equity interest in MSM Perlis Sdn Bhd, which owns about 4,500 hectares in Chuping, Perlis, for RM175 million.FGV unit buys MSM Perlis for RM175m
OVER the last few years, MSM Malaysia Holdings Bhd has faced issues of overcapacity due to a supply glut in the local sugar market as well as governance issues.
KUALA LUMPUR: Subsidiaries of FGV Holdings Bhd (FGV), MSM Malaysia Holdings Bhd (MSM) and FGV Integrated Farming Holdings Sdn Bhd (FGVIF) have entered into a binding term sheet on the respective disposal and acquisition of 100 per cent stake of MSM's wholly-owned subsidiary, MSM Perlis Sdn Bhd.
OVER the last two days, the shares of MSM Malaysia Holdings Bhd seem to have awoken from a slumber.