At 11.10am, plantation group's shares rose to their highest so far today at RM2.26 to become Bursa Malaysia's fifth-largest gainer. Over the last one year, FGV shares closed at their highest at RM2.50 on Sept 22 this year after the company confirmed it was no longer eyeing the stake in Eagle High. The Edge Financial Daily (Edge FD), quoting Zakaria, reported today that FGV had not resumed talks to buy the Eagle High stake from Rajawali Group, which owns 65.5% of Eagle High. Edge FD reported that he was abroad and did not elaborate. Zakaria refuted Deputy Minister in the Prime Minister's Department Datuk Razali Ibrahim's recent claim that FGV was still in talks to acquire the Eagle High stake.

Source: The Edge Markets October 26, 2016 03:52 UTC