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FGV Produces 49 Young Entrepreneurs for the Palm Oil Industry

Forty nine young entrepreneurs graduated from the inaugural FGV Young Entrepreneurs Programme 2018 on 7 November 2018. The programme, which was developed and implemented by FGV Holdings Berhad, was designed to equip the next generation of FELDA settlers with the necessary skill sets required within the plantation industry. FGV has also carved out RM2.5 million worth of contracts from its annual procurement budget to give these young entrepreneurs a head start in the business world.

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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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