FGV Holdings Berhad

FGV Holdings Berhad
Publicly traded government-linked investment company
Traded as MYX: 5222
ISIN MYL5222OO004
Industry Agriculture
Founded 19 December 2007 (2007-12-19)[1]
Headquarters Kuala Lumpur, Malaysia
Key people
Revenue Decrease RM12,568.008 million (2013)[2]
Increase RM1,463.243 million (2013)[2]
Increase RM1,107.039 million (2013)[2]
Total assets Increase RM20,734.388 million (2013)[2]
Total equity Increase RM8,944,537 million (2013)[2]
Parent Federal Land Development Authority
Website feldaglobal.com

FGV Holdings Berhad[lower-alpha 1] (Abbreviation: FGV, sometimes FGVH; or formerly FELDA Global Ventures Holdings Berhad; MYX: 5222) is a Malaysian-based global agricultural and agri-commodities company. With operations worldwide, FGV produces oil palm and rubber plantation products, soybean and canola products, oleochemicals and sugar products.[3] Its initial public offering in 2012 was the third largest in the world that year after Facebook and biggest IPO in Asia with $3.1 Billion.[4][5]

It is the third largest palm oil company in the world by planted acreage.[4] In Malaysia alone, it controls over 850,000 ha of land, which includes the roughly 500,000 ha that it leases and manages for 112,635 FELDA smallholders.[6]

In 2009, FGV purchased 51% of the largest sugar refiner in Malaysia, MSM Malaysia Holdings Bhd from PPB Group Berhad (founded by Robert Kuok) for RM1.25 billion.[7]

On July 3, 2018, the company dropped the phrase "FELDA Global Ventures" from their corporate name and renamed as FGV Holdings Berhad.[8][9]

Notes

  1. ↑ The company also known as FELDA Global on their official website.

References

  1. ↑ "Milestones - About FGV - Our Organisation | Felda Global Ventures". Retrieved 31 March 2014.
  2. 1 2 3 4 5 "Condensed Consolidated Financial Statements For The Financial Year Ended 31 December 2013" (PDF). Felda Global Ventures Holdings. 26 February 2014. Retrieved 31 March 2014.
  3. ↑ "Official Website"
  4. 1 2 "Felda Global Ventures' RM10bil IPO 2nd biggest in world this year after Facebook". The Star Online. Retrieved 2 February 2017.
  5. ↑ "Felda Raises $3.1 Billion in Asia's Biggest I.P.O." Retrieved 6 May 2018.
  6. ↑ Zaidi Isham Ismail. "RM342m gain for FGV from stake sale". Business Times. Retrieved 14 April 2013.
  7. ↑ Jayaseelan, Risen (4 November 2009). "The mystery of Sugar King Kuok exiting sugar business in M'sia". The Star. Retrieved 9 August 2015.
  8. ↑ "Felda Global Ventures Holdings Bhd is now FGV Holdings Bhd". New Straits Times. 3 July 2018. Retrieved 30 July 2018.
  9. ↑ "Felda Global Ventures Holdings kini FGV Holdings Bhd". Berita Harian. 3 July 2018. Retrieved 30 July 2018.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.