PETALING JAYA: FGV Holdings Bhd said it is unware of local tycoon Tan Sri Syed Mokhtar’s plan to acquire the company’s stake.
“FGV wishes to clarify that after checking with its board of directors and senior management, it is unaware of the proposals described in the article,” the plantation giant said in a filing with the stock exchange.
“FGV strives to create value for its stakeholders and explores all opportunities that would benefit the group and its shareholders,” it added.
Over the weekend, there were rumours speculating that Syed Mokhtar was looking to buy a 20% stake in FGV with an intention to eventually take control of the company.
He was also reportedly seeking over RM1 billion in funding for the deal.
At the noon break, FGV’s share price gained 0.6% to 92 sen with 2,551,500 shares changing hands.
source https://www.thesundaily.my/business/fgv-says-unware-of-syed-mokhtar-s-acquisition-plan-KB1399905
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