The board of Felda Global Ventures Holdings Bhd (FGV), which is under fire from investors over its acquisition spree and falling earnings, came under a gruelling six-hour scrutiny from shareholders at its annual meeting.
The questions were tough, but in the end, only one resolution - the re-appointment of Felda director-general Datuk Haji Faizoull Ahmad - was not passed.
The major concern of shareholders was FGV’s falling profits that are affected by the declining crude palm oil prices and not the proposed acquisition of a 37% stake in PT Eagle High Plantations Tbk that has met with pessimism from the investment community.
The company after the annual general meeting, that was chaired by Tan Sri Mohd Isa Samad, came up with more explanation on the proposed acquisition of a 37% stake in PT Eagle High Plantations Tbk.
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The questions were tough, but in the end, only one resolution - the re-appointment of Felda director-general Datuk Haji Faizoull Ahmad - was not passed.
The major concern of shareholders was FGV’s falling profits that are affected by the declining crude palm oil prices and not the proposed acquisition of a 37% stake in PT Eagle High Plantations Tbk that has met with pessimism from the investment community.
The company after the annual general meeting, that was chaired by Tan Sri Mohd Isa Samad, came up with more explanation on the proposed acquisition of a 37% stake in PT Eagle High Plantations Tbk.
Click Here To Register For Free Trial Services OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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