Does this mean that FGV still owes FELDA lots of money? Has accumulative debt to FELDA till todate have been booked into FGV accounts, if not then expect the bleeding will continue in the future......
* The decline in the revenue was because FGV was unable to make contribution as much as RM800mil a year as it had anticipated before the IPO and also because CPO prices fell below RM3,000 per tonne since 2012 until now.
FGV Holdings Bhd, which is 33.67% owned by the Federal Land Development Authority (Felda), bought six companies above market price for RM2.48 billion, according to the White Paper on Felda presented in Parliament today. These six companies are Pontian United Plantations Bhd (for RM1.21 billion in 2013), Asia Plantations Ltd (at RM628 million or 290% above market price in 2014) and four companies and a Sabah plantation lot from Golden Land Bhd (RM655 million). https://www.theedgemarkets.com/article/fgv-holdings-g3-global-london-biscuits-mahb-mhb-vizione-holdings-and-daya-materials
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
sitia
1,261 posts
Posted by sitia > 2019-04-10 23:57 | Report Abuse
DICKYME shut up