FGV in talks to sell RM1bil plantation assets in Trurich

30 May 2019 - The Star Online
KUALA LUMPUR: FGV Holdings Bhd is in negotiations with seven potential buyers to sell its plantation assets worth RM1bil in Trurich Resources Sdn Bhd – its 50:50 joint-venture company with Lembaga Tabung Haji – by end-September. Trurich owns two estates, totalling to 42,833ha, in Kalimantan, Indonesia. ...
klse:5222

---

FGV Holdings Q1 net loss due to fall in CPO prices

29 May 2019 - The Star Online
KUALA LUMPUR: FGV Holdings Bhd reported net loss of RM3.37mil in the first quarter ended March 31, 2019 compared with a net profit of RM1.12mil a yerar ago largely due to a sharp decline in crude palm oil (CPO) prices, and lower average selling price in the sugar sector. FGV, the world's largest CPO ...
klse:5222

---

FGV terminates paper pulp plant MoU with CMEC

14 May 2019 - The Star Online
PETALING JAYA: FGV Holdings Bhd has terminated its memorandum of understanding (MoU) with Hong Kong-listed China Machinery Engineering Corp (CMEC) to jointly establish paper pulp production facilities using empty fruit bunch. The plantation group did not give any reason for the termination. In its filings ...
klse:5222 hkex:1829

---

Encorp to bank on property development projects on Felda land

2 May 2019 - The Star Online
PETALING JAYA: Encorp Bhd , which is owned by Felda Investment Corp (FIC), will drive its revenue growth by looking into property development projects on Felda’s landbank in strategic locations throughout the country. FIC holds a 64.38% stake in Encorp. In its 2018 annual report, Encorp said it would ...
klse:5222 klse:6076

---

FGV, PLS Plantation plan durian JV

29 Apr 2019 - The Star Online
KUALA LUMPUR: FGV Holdings Bhd is teaming up with PLS Plantation Bhd to look into the planting of cash crops, primarily durians, in unplanted areas not suitable for oil palm. FGV said on Monday it had signed a heads of agreement with PLS Plantation at the Belt & Road Forum in Beijing, China to set ...
klse:5222 klse:9695

---

Quick take: FGV rises to highest since November 2018

24 Apr 2019 - The Star Online
KUALA LUMPUR: Shares of plantation giant FGV Holdings Bhd rose to a high of RM1.32 on Wednesday, the highest since November 2018 on fresh corporate news and also it was upgraded to a buy. At 3.50pm, it was trading at RM1.30, up four sen, with 27.44 million shares done. The FBM KLCI was up 7.24 points ...
klse:5222

---

FGV, Lembaga Tabung Haji mull up to US$1bil Indonesia sale

23 Apr 2019 - The Star Online
KUALA LUMPUR (Bloomberg): Palm oil giant FGV Holdings Bhd and the Malaysian pilgrims fund are considering selling plantation assets in Indonesia as the government-linked entities seek to improve their financial position, people with knowledge of the matter said. FGV and Lembaga Tabung Haji are working ...
klse:5222

---

Moody's views govt RM6.2b aid to Felda as credit negative

18 Apr 2019 - The Star Online
KUALA LUMPUR: Moody's Investors Service views the Malaysian Government's financial aid of RM6.2bil (US$1.5bil or 0.4% of GDP) to Federal Land Development Authority (Felda) is credit negative. The rating agency said on Thursday the financial assistance will add to the government’s debt burden, which is ...
klse:5222

---

FGV sees urgent need to discuss land lease deal

13 Apr 2019 - The Star Online
FELDA’S 33.4%-owned listed subsidiary, FGV Holdings Bhd, sees an urgent need to discuss the terms of the land lease agreement (LLA) with Felda. The planter said in a statement that “this (LLA) matter has been raised repeatedly over the last three years, causing much uncertainty and concern for our shareholders”. ...
klse:5222

---

FGV welcomes govt plan to discus LLA with Felda

12 Apr 2019 - The Star Online
KUALA LUMPUR: FGV Holdings Bhd wants to discuss the terms of the land lease agreement (LLA) with Felda, especially the fised lease payment over 99 years, no matter the price of crude palm oil (CPO). FGV said on Friday “this matter has been raised repeatedly over the last three years, causing much uncertainty ...
klse:5222

---