Better known for undertaking high profile asset acquisitions in the pursuit of growth, Felda Global Ventures Holdings Bhd (FGV) has now put the brakes on its spending by emphasising the need to maximise the value of its existing businesses as part of its new transformation plan.
In a media briefing yesterday, chief executive officer Datuk Zakaria Arshad said that mergers and acquisitions (M&As) were no longer the key focus for its growth.
“It is not a key priority. We want to pause on this at least until the end of this year.
“Simply put, right now we want to squeeze more returns out of our existing assets. We need to make the best of what we already have throughout this transition plan,” he said.
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In a media briefing yesterday, chief executive officer Datuk Zakaria Arshad said that mergers and acquisitions (M&As) were no longer the key focus for its growth.
“It is not a key priority. We want to pause on this at least until the end of this year.
“Simply put, right now we want to squeeze more returns out of our existing assets. We need to make the best of what we already have throughout this transition plan,” he said.
For Free Signals and other KLSE online updates, click here 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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