Posted by ke9999 > 2018-11-27 20:31 | Report Abuse

CPO production for Oct increased. maybe the 14 directors really fuxked up the mess of fgv

Posted by ke9999 > 2018-11-27 20:41 | Report Abuse

dam82, bravo. you be rewarded when u least expected it lor

Posted by ke9999 > 2018-11-27 20:41 | Report Abuse

dam82, i tink u researched and follow up the news. just keep for long term.

FGV too big to fail.

Posted by dam82 > 2018-11-27 20:43 | Report Abuse

I have fetish with FGV despite crying inside ....

Posted by FGV_ > 2018-11-27 20:49 | Report Abuse

MATERIAL LITIGATION LEGAL PROCEEDINGS BY FGV HOLDINGS BERHAD AGAINST ITS FORMER MEMBERS OF THE BOARD OF DIRECTORS AND FORMER EMPLOYEES ON THE ACQUISITION OF ASIAN PLANTATIONS LTD (APL)
FGV HOLDINGS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description LEGAL PROCEEDINGS BY FGV HOLDINGS BERHAD AGAINST ITS FORMER MEMBERS OF THE BOARD OF DIRECTORS AND FORMER EMPLOYEES ON THE ACQUISITION OF ASIAN PLANTATIONS LTD (APL)
The Board of Directors of FGV Holdings Berhad (“Company”) (800165-P) wishes to announce that the Company has on 23.11.2018 commenced legal proceedings in Kuala Lumpur High Court against –

Dato’ Mohd Emir Mavani Abdullah (“1st Defendant”), the Company’s former Group President / Chief Executive Officer and Non-Independent Non-Executive Director.
Farisan Bin Mokhtar (“2nd Defendant”), the Company’s former Senior Vice President, Business Development of Downstream Cluster, at the material time.
Rasydan Bin Alias Mohamed (“3rd Defendant”), the Company’s former Senior General Manager, Downstream Cluster, at the material time.
Ahmad Tifli Bin Dato Mohd Talha (“4th Defendant”), the Company’s former Chief Financial Officer.
Tan Sri Hj. Mohd Isa Dato Hj Abdul Samad (“5th Defendant”), the Company’s former Chairman and Non-Executive Director.
Datuk Dr. Omar Salim (“6th Defendant”), the Company’s former Non-Independent Non-Executive Director.
Datuk Noor Ehsanuddin Mohd Harun Narrashid (“7th Defendant”), the Company’s former Independent Non-Executive Director.
Dato’ Yahaya Abd Jabar (“8th Defendant”), the Company’s former Senior Independent Non-Executive Director.
Datuk Haji Faizoull Ahmad (“9th Defendant”), the Company’s former Non-Independent Non-Executive Director.
Tan Sri Dato’ Paduka Ismee Ismail (“10th Defendant”), the Company’s former Independent Non-Executive Director.
Tan Sri Dato’ Dr. Wan Abdul Aziz Wan Abdullah (“11th Defendant”), the Company’s former Independent Non-Executive Director.
Tan Sri Dr Sulaiman Mahbob (“12th Defendant”), the Company’s former Independent Non-Executive Director.
Datuk Nozirah Bahari (“13th Defendant”), the Company’s former Non-Independent Non-Executive Director.
Datuk Fazlur Rahman Ebrahim (“14th Defendant”), the Company’s former Independent Non-Executive Director.
The suit concerns the Company’s acquisition of 100% equity interest in Asian Plantation Limited (“APL”) via a voluntary conditional cash offer in 2014. The Company brought this action for loss suffered from their failure to discharge their respective fiduciary duty, duty of fidelity and/or duty to exercise reasonable care, skill and diligence.

The Company seeks the following reliefs against the Defendants –

Damages totalling RM514 million for loss from the acquisition APL. Alternatively, damages for loss from the acquisition of APL to be assessed by Court;
General damages;
Interest at the rate of 5% per annum on damages awarded starting from the date of the filing of the suit until the date of full and final settlement;
Costs;
Interest at the rate of 5% per annum on the amount of costs awarded starting from the date when the costs was awarded until the date of full and final settlement;
Such other and further reliefs that the Court deems fit and proper.
The Company is now assessing the financial impact on the Company arising from this litigation and will make a further announcement at a later date. However, there is no impact on existing operations.

The Company will make the necessary announcements on further developments of the legal proceedings as and when there is a material update.

This announcement is dated 23 November 2018.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5983449

Posted by FGV_ > 2018-11-27 20:49 | Report Abuse

Trust no1 except Bursa announcement.

Posted by FGV_ > 2018-11-27 20:51 | Report Abuse

As long no pay FGV entitle to 5% interest. Might be QR profit so must delay?

Posted by fgvnewbie > 2018-11-27 20:54 | Report Abuse

I doubt your sincerity with conflicting posts. Why so many ids comments people pick on you?

dam82 Today 50sen
27/11/2018 09:47

dam82 I have fetish with FGV despite crying inside ....
27/11/2018 20:43

Posted by zerocool7199 > 2018-11-27 20:58 | Report Abuse

Fgv too big to fail?it should be fgv too big to bail !!haha

Posted by ke9999 > 2018-11-27 21:00 | Report Abuse

fgvnewbie, ya, why ah? at dam82

Posted by dam82 > 2018-11-27 21:26 | Report Abuse

i am confused man ...

Posted by mf > 2018-11-28 02:13 | Report Abuse

Sell

Posted by dam82 > 2018-11-28 09:03 | Report Abuse

Buy after QR

Posted by BN_better > 2018-11-28 09:26 | Report Abuse

So many court case under PH. All want easy money suing some1 else. Lawyers paling untung.

Posted by dam82 > 2018-11-28 09:36 | Report Abuse

very very very bad ... no one holding below 1.12 so who is sellling now

Posted by BRAVOZULU > 2018-11-28 09:44 | Report Abuse

game over

Posted by BN_better > 2018-11-28 10:08 | Report Abuse

Not you meh? Why shout 50 sen? If you are good should say FGV 1.5 or 2?

dam82 very very very bad ... no one holding below 1.12 so who is sellling now
28/11/2018 09:36

Posted by dam82 > 2018-11-28 10:13 | Report Abuse

okie lah retail investor should be holding above 1.5 ... result out after 12 then see at 0.5

Posted by BN_better > 2018-11-28 10:23 | Report Abuse

No hope this dam82.

Posted by nttcom > 2018-11-28 10:24 | Report Abuse

Dont talk rubbish la. Just buy now keep it and enjoy the show lor..sure up one..but might take sometime normal la

Posted by newbie2018 > 2018-11-28 10:27 | Report Abuse

dam82 no need to post here. I also feel boring. Just sell and don't post any comment enough for you? Join me at Hibiscus.

Posted by dam82 > 2018-11-28 10:33 | Report Abuse

Cannot lah ..my fetish with FGV cannot stop ...after today won't post a week balik kampung haha

Posted by PHboleh > 2018-11-28 10:49 | Report Abuse

dam82 call 03-27890419 Nurul FGV Investor relation .. you can release your fetish there

Posted by matg > 2018-11-28 10:54 |

Post removed.Why?

Posted by zerocool7199 > 2018-11-28 10:55 | Report Abuse

Ask you all throw early..this counter hopeless la..too big to bail wit current gomen situation

Posted by PHboleh > 2018-11-28 10:57 | Report Abuse

Azhar ader press conference today ... esok mesti jatuh lagi .. Baru kawan i call FGV Investor Relation team and memang teruk ..

Posted by Felda_settlers > 2018-11-28 11:03 | Report Abuse

PHboleh with FGV cirit birit? Why not say BN boleh more correct?

Posted by PHboleh > 2018-11-28 11:08 | Report Abuse

FGV dah cirit lama dah ... karang tsunami .. macam PH ...

Posted by PHboleh > 2018-11-28 11:09 | Report Abuse

you org bising kat sini tak guna lah ... Call FGV directly taruk dia org

Posted by Felda_settlers > 2018-11-28 11:10 | Report Abuse

Many here are pondans. Who attack FGV why cannot attack back their counters in return? Memang tak da bola?

Posted by PHboleh > 2018-11-28 11:12 | Report Abuse

boss .. you org felda undi BN .. mestilah PH tak boleh tolong ..padan muka org FELDA ...

Posted by Felda_settlers > 2018-11-28 11:15 | Report Abuse

We gave chance to PH in GE14 thinking they are better than BN. After 6 mths PH in power we suffer. Why we must we trust them again in GE15 if no improvement in FGV and CPO price?

Posted by PHboleh > 2018-11-28 11:19 | Report Abuse

sorry lah bro .. Org Felda ni memang ignorant lah ... sepatutunya dia org dah buat bising kow kow sekarang ... tapi diam je ... you ingat LGE nak tlg FELDA ... dia tlg sama bangsa je ..

Posted by Felda_settlers > 2018-11-28 11:20 | Report Abuse

I see dam82 as snake in FGV thread. Why others cannot see?

Posted by nttcom > 2018-11-28 11:20 | Report Abuse

Chill la bro..buy n hold. If no holding power then sell it off ok. Now is a good time to buy

Posted by PotentialGhost > 2018-11-28 11:21 | Report Abuse

Fgv = Malaysia joke company

Posted by dam82 > 2018-11-28 11:22 | Report Abuse

I am not snake .. i am hypo ...tengah hibernate my FGV for next 1 year

Posted by calvintaneng > 2018-11-28 11:22 | Report Abuse

Mata buta joetay fgv now a penny stock?

Posted by dam82 > 2018-11-28 11:23 | Report Abuse

FGV and TH Merger lor ... 75 sen

Posted by dam82 > 2018-11-28 11:25 | Report Abuse

in 30min tsunami...

Posted by dam82 > 2018-11-28 11:25 | Report Abuse

another sapura ...

Posted by FGV_ > 2018-11-28 11:25 | Report Abuse

Big shareholders(Felda, TH, KWAP, KPF) never sell so retail investors like mcmann, VictorYong, joetay etc sold behind drop? Who influenced them?

Posted by zerocool7199 > 2018-11-28 11:30 | Report Abuse

Hug with TH and titanic together?

Posted by FGV_ > 2018-11-28 11:30 | Report Abuse

BN failed to to see sign they lose GE14 with FGV drop 70% from IPO. Will PH turn next? Pas to gain big in GE15?

Posted by dam82 > 2018-11-28 11:31 | Report Abuse

then both sink together ... both manage by same kind of people

Posted by FGV_ > 2018-11-28 11:44 | Report Abuse

Biodiesel 10%(B10) CPO from 2019 can help FGV? Why not B15 or B20?

Posted by FGV_ > 2018-11-28 11:52 | Report Abuse

VictorYong give up(cut loss) after seeing mad dam82 posts? VictorYong just attack dam82 other counters no need to suffer in silence.

Posted by Daily8 > 2018-11-28 11:52 | Report Abuse

dam82, please be more responsible and mature when u give comments here. Your contradictory comments are not appreciated.

Posted by FGV_ > 2018-11-28 11:55 | Report Abuse

VictorYong(or any FGV shareholders) you can create new id to attack no need show too obvious your identity when do attack.

Posted by dam82 > 2018-11-28 11:56 | Report Abuse

no need to attack lah .. in next 30min everything will be laid naked on FGV ..