FGV Holdings Berhad
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]
Publicly traded government-linked investment company | |
Traded as | MYX: 5222 |
ISIN | MYL5222OO004 |
Industry | Agriculture |
Founded | 19 December 2007[1] |
Headquarters | , Malaysia |
Key people |
|
Revenue | |
Total assets | |
Total equity | |
Parent | Federal Land Development Authority |
Website | fgvholdings |
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
- The company also known as Felda Global on their official website.
References
- "Milestones - About FGV - Our Organisation | Felda Global Ventures". Archived from the original on 9 April 2014. Retrieved 31 March 2014.
- "Condensed Consolidated Financial Statements For The Financial Year Ended 31 December 2013" (PDF). Felda Global Ventures Holdings. 26 February 2014. Retrieved 31 March 2014.
- "Official Website"
- "Felda Global Ventures' RM10bil IPO 2nd biggest in world this year after Facebook". The Star Online. Retrieved 2 February 2017.
- "Felda Raises $3.1 Billion in Asia's Biggest I.P.O." Retrieved 6 May 2018.
- Zaidi Isham Ismail. "RM342m gain for FGV from stake sale". Business Times. Archived from the original on 23 March 2013. Retrieved 14 April 2013.
- Jayaseelan, Risen (4 November 2009). "The mystery of Sugar King Kuok exiting sugar business in M'sia". The Star. Retrieved 9 August 2015.
- "Felda Global Ventures Holdings Bhd is now FGV Holdings Bhd". New Straits Times. 3 July 2018. Retrieved 30 July 2018.
- "Felda Global Ventures Holdings kini FGV Holdings Bhd". Berita Harian. 3 July 2018. Retrieved 30 July 2018.