Press Centre

FGV-MPOB B10 Usage Test Successful

FGV Holdings Berhad (FGV) in collaboration with the Malaysian Palm Oil Board (MPOB), has achieved impressive results in biodiesel testing using a 10% (B10) palm methyl ester (PME) mixture in its logistics, plant and plant operations.

The objective of the B10 usage test is a sign of support for government efforts to increase the current B7 biodiesel usage mandate to B10 and to prove scientifically that an increase of 3% does not negatively impact the performance and safety of transport and industrial machinery.

FGV Group President and Chief Executive Officer, Dato’ Zakaria Arshad said FGV and MPOB conducted a comprehensive B10 usage test since August 2017 through the logistics division before being expanded to selected plantation and mill sectors beginning May 2018.

(more…)

Read more

Statement From the Board of Directors of FGV Holdings Berhad

Kuala Lumpur, 28 August 2018 – The Board of Directors of FGV Holdings Berhad refers to the announcement of the Group’s financial results for its half year ended June 2018 and Bursa Announcement dated 16th May, 2018. The latter refers to forensic investigations initiated in late 2017, on various transactions that have resulted in exposing FGV to significant financial loss.

1.The performance of FGV for 1HFY2018

For the second quarter ended June 2018 (2Q2018), FGV recorded a revenue of RM3.44 billion compared to RM4.21 billion in the previous corresponding quarter. Profit before zakat and tax for 2Q2018 was RM1.25 million a 98.78% decline from the RM102.44 million registered in the previous corresponding quarter. (more…)

Read more

Shareholders Support FGV Rebranding

Felda Global Ventures Holdings Berhad (FGV) is pleased to announce that at its 10th Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) held on Thursday, 28 June 2018, all resolutions put to vote were duly passed.

At the EGM, which was held immediately after the conclusion of the AGM, the Board of Directors of FGV sought shareholders’ approval on the proposed change of the Company name from “Felda Global Ventures Holdings Berhad” to “FGV Holdings Berhad”. The Special Resolution was duly passed with 99.92% of the votes cast in favour of the proposal.

(more…)

Read more
Our Latest
Tweet Feeds
Follow us in Twitter
Tweet Feeds
Follow us in Twitter