KUALA LUMPUR, July 22 — Felda Global Ventures Holdings Bhd (FGV)’s wholly-owned subsidiary, FGV Investment (L) Pte Ltd has, incorporated a wholly-owned subsidiary in Labuan known as FGV Myanmar (L) Pte Ltd.
The principal activity of FGV would be as an investment holding company and its issued and paid-up capital would be US$1, the company said in a filing to Bursa Malaysia today.
“The incorporation is not expected to have material effect on the group’s net assets per share, earnings per share and gearing for the financial year ending December 31, 2013,” it added. — Bernama
