FGV: Genting not shareholder, never given shares
Date:
2012-11-01
Firm:
ECMLIBRA
Stock:
Price Target:
4.85
Price Call:
HOLD
Last Price:
1.14
Upside/Downside:
+3.71 (325.44%)
Felda Global Ventures Holdings Bhd (FGV MK, Hold, TP: RM4.85) yesterday has again clarified that Genting Bhd is not a shareholder of FGV, and that it has not granted any shares to Genting during and after the IPO exercise. In a statement, FGV president and CEO Datuk Sabri Ahmad said it is imperative for FGV to provide such clarification so that the public as well as Felda settlers are not misled by ambiguous reports. (BusinessTimes)
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