FGV ventures into integrated dairy farm business in Chuping, eyes 100 million litres of fresh milk a year - News Summed Up

FGV ventures into integrated dairy farm business in Chuping, eyes 100 million litres of fresh milk a year


KUALA LUMPUR (Aug 8): FGV Holdings Bhd has formed a joint-venture company (JV) to develop an integrated dairy farm business in Chuping, Perlis, a filing with Bursa Malaysia showed on Saturday (Aug 6). The plantation giant said its wholly-owned subsidiary FGV Integrated Farming Holdings Sdn Bhd had entered into a conditional shareholders agreement with Qatar-incorporated Baladna for Trading and Investment W.L.L, and Touch Group Holdings Sdn Bhd. According to FGV, Baladna's principal activities are trading feed, investment and management of agricultural projects and investments outside Qatar. Separately, trading of FGV shares was suspended for one hour on Monday, from 9am to 10am. At the time of writing on Monday, shares in FGV were unchanged at RM1.51, giving it a market capitalisation of RM5.51 billion.


Source: The Edge Markets August 08, 2022 07:01 UTC



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