FGV Divests its 100% equity interest in FGV China Oils Ltd (FGVCO)

KUALA LUMPUR, 11 JULY 2019 – FGV Holdings Berhad (FGV) had on 10 July 2019 inked an Equity Transfer Agreement with Grand Industrial Holding Co., Ltd (GIH) for the divestment of its 100% equity interest in FGV China Oils Ltd (FGVCO) for a cash consideration of RMB165 million (approximately RM100 million). GIH is a China incorporated entity listed in the Shenzhen Stock Exchange. FGVCO’s shareholders funds as at 31 December 2018 is RMB107 million. (more…)

Read more