FGV shares active on resolve progress hope

 Publish date: Tue, 12 Sep 2017, 03:14 AM

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV)'s shares on Bursa Malaysia continued to hog the limelight, with trading in the company shares remaining active, as the group begun showing progress in resolving issues within the group.

As at 10.41 am, the counter was up four sen at RM1.75 with 8.82 million shares changing hands.

The group, on Monday, confirmed reports that Datuk Wira Azhar Abdul Hamid, 56, had been appointed the new chairman of the company, effective Sept 11, ending much speculation as to who would helm FGV.

Azhar is taking over the reins from Acting Chairman Tan Sri Dr Sulaiman Mahbob, in line with a previous announcement by Prime Minister Datuk Seri Najib Razak on Sept 8, 2017.

The three-hour meeting with FGV senior management yesterday, chaired by the new chairman also focused on plans and efforts to improve the company's performance, which was crucial for the company in becoming more competitive and able to achieve sustainable growth in the future.

Despite facing a crisis, Azhar said in a news report yesterday that the situation was not an obstacle for FGV to continue improving its business momentum and the group would focus only on the positives and resolve each problem in stages. -- BERNAMA

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