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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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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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