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FGV Signs an MOU with Dalian Commodity Exchange

FGV Signs an MOU with Dalian Commodity Exchange

KUALA LUMPUR 14 NOVEMBER 2018– FGV Holdings Berhad (FGV) has signed a memorandum of understanding (MoU) with the Dalian Commodity Exchange (DCE) to collaborate in the implementation of DCE’s Palm Oil Internationalization Project. The DCE, the world’s largest agriculture, plastics, coal, iron ore futures bourse, aims to increase cooperation with palm oil companies in the Belt and Road countries, to expand palm oil futures delivery regionally. (more…)

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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.

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FGV Holdings Berhad refers to a statement issued on June 29 by ANAK, an NGO representing Felda settlers.

Subject: FGV Holdings Berhad refers to a statement issued on June 29 by ANAK, an NGO representing Felda settlers. There are several points in the statement which are incorrect and have caused much confusion and concern

In the video which was posted on YouTube social media channel, it was stated that FGV Holdings Berhad acquired a 51% stake in Felda Holdings Berhad (FHB) from Koperasi Permodalan Felda (KPF) for RM2.2 billion. It was further alleged that the RM2.2 billion was far below the market value of the 51% block in Felda Holdings and also, that it was far less than the RM6 billion paid to FELDA for a 49% stake in the same company. This is incorrect.

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