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PETALING JAYA: Palm oil company Felda Global Ventures Holding Berhad (FGV) has agreed to restore more than 1,000ha of peat forest in West Kalimantan after coming under pressure for its unsustainable deforestation.
INVESTORS’ concerns on Felda Global Ventures Holdings Bhd’s (FGV) upcoming quarterly results could be one of the reasons for its weakening share price. Also, the plantation giant has been slapped with a deforestation charge at its PT Temila Agro Abadi (PT TAA) plantation unit in West Kalimantan, which the group has strongly refuted.
KUALA LUMPUR: Felda Global Ventures Holdings Bhd says there has been no deforestation of natural forest at its PT Temila Agro Abadi (PT TAA) plantation in West Kalimantan as alleged in recent reports.
Felda Global Ventures Holdings Bhd (FGV)’s president and CEO Mohd Emir Mavani Abdullah seems like a man in a hurry.
FELDA Global Ventures Holdings Bhd (FGVH) has proposed to acquire 95% stake in PT Temila Agro Abadi and PT Landak Bhakti Palma for RM25.9mil (US$1,040 per ha) and RM18.3mil (US$470 per ha), respectively. The deals are expected to be completed by the fourth quarter of this year.
KUALA LUMPUR: HwangDBS Vickers Research is maintaining its “Hold” call on Felda Global Ventures Bhd (FGV) with a target price of RM4.40
KUALA LUMPUR: More upstream expansion is in store for Felda Global Ventures Holdings Bhd (FGVH) in at least three countries in the coming months.
KUALA LUMPUR: Felda Ventures Holdings Bhd (FGV) is investing RM283.5mil over the next five to six years to develop its newly-acquired land in Kalimantan Barat, Indonesia.
KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGVH) today acquired its first upstream plantation acquisition since its listing last year.