FGV Holdings Berhad

FGV Holdings Berhad[lower-alpha 1] (Abbreviation: FGV, sometimes FGVH; or formerly Felda Global Ventures Holdings Berhad; MYX: 5222) is a Malaysian-based global agricultural and agri-commodities company. With operations worldwide, FGV produces oil palm and rubber plantation products, oleochemicals and sugar products.[2] Its initial public offering in 2012 was the third largest in the world that year after Facebook and biggest IPO in Asia with $3.1 Billion.[3][4]

FGV Holdings Berhad
TypePublicly traded government-linked investment company
MYX: 5222
ISINMYL5222OO004
IndustryAgriculture
Founded19 December 2007 (2007-12-19)[1]
Headquarters
Kuala Lumpur
,
Malaysia
Key people
  • Haris Fadzilah Hassan
  • (CEO)
  • Mohd Hairul Abdul Hamid (CFO)
Websitefgvholdings.com

It is the third largest palm oil company in the world by planted acreage.[3]FGV manages a total land bank of 439,230 hectares in Malaysia and Indonesia including land under Land Lease Agreement (LLA) with FELDA. The company produces approximately 3 million metric tonnes (MT) of CPO annually.

In 2009, FGV purchased 51% of the largest sugar refiner in Malaysia, MSM Malaysia Holdings Bhd from PPB Group Berhad (founded by Robert Kuok) for RM1.25 billion.[5]

On July 3, 2018, the company dropped the phrase "Felda Global Ventures" from their corporate name and renamed as FGV Holdings Berhad.[6][7]

Notes
  1. The company also known as Felda Global on their official website.

References
  1. "Milestones - About FGV - Our Organisation | Felda Global Ventures". Archived from the original on 9 April 2014. Retrieved 31 March 2014.
  2. "Official Website"
  3. "Felda Global Ventures' RM10bil IPO 2nd biggest in world this year after Facebook". The Star Online. Retrieved 2 February 2017.
  4. "Felda Raises $3.1 Billion in Asia's Biggest I.P.O." Retrieved 6 May 2018.
  5. Jayaseelan, Risen (4 November 2009). "The mystery of Sugar King Kuok exiting sugar business in M'sia". The Star. Retrieved 9 August 2015.
  6. "Felda Global Ventures Holdings Bhd is now FGV Holdings Bhd". New Straits Times. 3 July 2018. Retrieved 30 July 2018.
  7. "Felda Global Ventures Holdings kini FGV Holdings Bhd". Berita Harian. 3 July 2018. Retrieved 30 July 2018.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.