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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.

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FGV Recorded PBT of RM26.22 Million for Q1 2018

For the first quarter of its financial year ending 31 March 2018, FGV Holdings Berhad (FGV) registered a Profit Before Tax of RM 26.22 million, a significant improvement from the loss of RM32.26 million recorded in the previous corresponding quarter. This improved performance is attributable to enhanced productivity and improved contributions from the Sugar and Logistics & Support Business (LSB) sectors.

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FGV’s Internal Probes Almost Concluded – sources

We refer to the article entitled: “FGV’s internal probes almost concluded”, which was published in a local financial daily.

In October last year, upon the instructions of its Board of Directors, FGV Holdings Berhad conducted preliminary internal investigations into the past investments mentioned in the article. Upon the conclusion of the internal investigations, the Board instructed management to commence forensic investigations.

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