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BUSINESS • 30/10/2024 09:35 PM

FGV Holdings To Loan RM260 Mln To Subsidiary For Capital Expenditure

KUALA LUMPUR, Oct 30 (Bernama) -- FGV Holdings Bhd (FGVH) has entered into a loan agreement with its 72 per cent owned subsidiary, FGV Palm Industries Sdn Bhd (FGVPI), to provide RM260 million for financing FGVPI’s capital expenditure requirements.

FGVPI is a private limited company incorporated in Malaysia on Sept 14, 1955, with an issued share capital of RM422.59 million.

“The principal activities of the company are investment holding, the provision of tolling services related to the processing of fresh fruit bunches into crude palm oil and palm kernel and sale of by-products from the tolling activities,” FGVH said in a filing with Bursa Malaysia today.

FGVPI is owned 72 per cent by Felda Holdings Bhd and 28 per cent by Koperasi Permodalan Felda Malaysia Bhd.

-- BERNAMA

 

 

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