Don’t sell FGV on the cheap
Doreenn Leong | 27 Sep 2019 00:30
Recent speculation that tycoon Tan Sri Syed Mokhtar Albukhary is eyeing a stake in FGV Holdings Bhd is nothing new. Some two years ago, it was rumoured that three China- based companies as well as Syed Mokhtar were vying for strategic stakes in FGV.
At that time, FGV said it was “well aware of the interest by China National Cereals, Oils and Foodstuffs Corp and two other Chinese parties which are keen to come on board as FGV strategic investors” but denied it was in talks with a company linked to Syed Mokhtar.
This time, FGV again denied rumours of Syed Mokhtar’s entry. It was reported that he plans to buy a 20% stake in FGV, which could see him eventually take control of the company.
Download and read more in the latest issue of Focus Malaysia here: