FGV denies plans to sell equity interest to foreign companies

Felda Global Ventures Holdings Bhd Group (FGV) President and Chief Executive Officer Datuk Zakaria Arshad has denied the claim by a news portal report. ― Picture by Yusof Mat Isa
Felda Global Ventures Holdings Bhd Group (FGV) President and Chief Executive Officer Datuk Zakaria Arshad has denied the claim by a news portal report. ― Picture by Yusof Mat Isa

KUALA LUMPUR, April 25 — Felda Global Ventures Holdings Bhd Group (FGV) President and Chief Executive Officer Datuk Zakaria Arshad has denied a news portal report that it planned to sell its equity interest to foreign companies.

“There is no truth in this article and none of the allegations made by the individual quoted are based on fact,” he said in a statement today.

The report quoted activists as claiming that FGV planned to sell its shares to foreign companies, with the government being the mediator.

It also claimed that three foreign companies were interested in buying FGV equities. — Bernama

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