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F r o m W i k i p e d i a , t h e f r e e e n c y c l o p e d i a
FGV Holdings Berhad [a] Abbreviation : FGV , sometimes FGVH ; or formerly
Felda Global Ventures Holdings Berhad ; MYX : 5222 ) is a Malaysian -based global agribusiness and food company. It is an affiliate of the Federal Land Development Authority (FELDA).
With operations worldwide, FGV produces oil palm and rubber products, oleochemicals and sugar products, with materials sourced from FELDA colonies throughout the country.[2]
Background [ edit ]
Its initial public offering in 2012 was the third largest in the world that year after Facebook and biggest IPO in Asia which raised US$3.1 billion.[3] [4]
Wisma FGV in Kuala Lumpur.
It is the third largest palm oil company in the world by planted acreage.[3] Felda . The company produces approximately 3 million metric tonnes of crude palm oil annually.
In 2009, FGV purchased 51% of the largest sugar refiner in Malaysia, MSM Malaysia Holdings from PPB Group Berhad (founded by Robert Kuok ) for RM1.25 billion.[5]
On July 3, 2018, the company dropped the phrase "Felda Global Ventures" from their corporate name and renamed as FGV Holdings Berhad.[6] [7]
US sanctions [ edit ]
On 1 October 2020, the company's products were banned by U.S. Customs and Border Protection , citing forced labour and human rights abuses, including "physical and sexual abuse, debt bondage and abusive conditions."[8]
^ The company also known as Felda Global on their official website.
References [ edit ]
^ " . Archived from the original on 16 February 2013. Retrieved 27 February 2013 .
^ a b "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." 14 June 2012. Retrieved 6 May 2018 .
^ Jayaseelan, Risen (4 November 2009). "The mystery of Sugar King Kuok exiting sugar business in M'sia" . The Star the original on 5 February 2017. Retrieved 9 August 2015 .
^ "Felda Global Ventures Holdings Bhd is now FGV Holdings Bhd" . New Straits Times . Retrieved 30 July 2018 .
^ "Felda Global Ventures Holdings kini FGV Holdings Bhd" . Berita Harian . Retrieved 30 July 2018 .
^ "US bans Malaysian palm oil producer over forced labour" , BBC News
External links [ edit ]
t
e
As of 23 December 2019
t
e
R e t r i e v e d f r o m " https://en.wikipedia.org/w/index.php?title=FGV_Holdings&oldid=1203774502 " C a t e g o r i e s : ● C o n g l o m e r a t e c o m p a n i e s o f M a l a y s i a ● G o v e r n m e n t - o w n e d c o m p a n i e s o f M a l a y s i a ● A g r i c u l t u r e c o m p a n i e s o f M a l a y s i a ● P a l m o i l c o m p a n i e s o f M a l a y s i a ● M a l a y s i a n c o m p a n i e s e s t a b l i s h e d i n 2 0 0 7 ● A g r i c u l t u r e c o m p a n i e s e s t a b l i s h e d i n 2 0 0 7 ● C o m p a n i e s l i s t e d o n B u r s a M a l a y s i a ● M a l a y s i a n c o m p a n y s t u b s H i d d e n c a t e g o r i e s : ● E n g v a r B f r o m F e b r u a r y 2 0 1 5 ● U s e d m y d a t e s f r o m F e b r u a r y 2 0 1 5 ● A l l s t u b a r t i c l e s
● T h i s p a g e w a s l a s t e d i t e d o n 5 F e b r u a r y 2 0 2 4 , a t 1 5 : 2 1 ( U T C ) . ● T e x t i s a v a i l a b l e u n d e r t h e C r e a t i v e C o m m o n s A t t r i b u t i o n - S h a r e A l i k e L i c e n s e 4 . 0 ;
a d d i t i o n a l t e r m s m a y a p p l y . B y u s i n g t h i s s i t e , y o u a g r e e t o t h e T e r m s o f U s e a n d P r i v a c y P o l i c y . W i k i p e d i a ® i s a r e g i s t e r e d t r a d e m a r k o f t h e W i k i m e d i a F o u n d a t i o n , I n c . , a n o n - p r o f i t o r g a n i z a t i o n . ● P r i v a c y p o l i c y ● A b o u t W i k i p e d i a ● D i s c l a i m e r s ● C o n t a c t W i k i p e d i a ● C o d e o f C o n d u c t ● D e v e l o p e r s ● S t a t i s t i c s ● C o o k i e s t a t e m e n t ● M o b i l e v i e w
Constituents of the FTSE Bursa Malaysia KLCI
