News about FGV

The use and refurbishment of The Troika units located in Kuala Lumpur city centre contravened company procedures, High Court judge Datuk Mohd Arief Emran Arifin said, and ordered Mohd Isa to pay RM990,502 to FGV and Mohd Emir to reimburse RM2.

“The final award has no operational or financial implications for the respondent, and if the amounts awarded to the respondent (FGV Plantations) thereunder are recovered from the claimant (Multazam), such amounts received may be expected to contribute positively to [FGV Plantations’] earnings,” FGV noted in a bourse filing on Wednesday.

KUALA LUMPUR (May 27): Mass Rapid Transportation Corp Sdn Bhd (MRT Corp) has appointed its former CEO, Datuk Wira Azhar Abdul Hamid, as its new chairman effective May 11.

KUALA LUMPUR (March 16): The Federal Land Development Authority (Felda) has failed in its bid to take FGV Holdings Bhd private at RM1.

KUALA LUMPUR (Oct 29): FGV Holdings Bhd said it will start the process of terminating the land lease agreement (LLA) with the Federal Land Development Authority (Felda) once it receives an official notice from Felda on the matter, adding that the compensation due to the company could be between RM3.

KUALA LUMPUR (Oct 28): The Cabinet has agreed to the recommendation for the termination of the Federal Land Development Authority’s (Felda) land lease agreement (LLA) with FGV Holdings Bhd, the Prime Minister’s Office (PMO) said in a statement.

KUALA LUMPUR (Oct 2): The surveyor appointed by FGV Holdings Bhd has today defended his valuation of the two luxury condominiums, saying that the valuation report was produced in compliance to the standard issued by the Malaysian Board of Valuers, Appraisers, Estate Agents and Property Managers.

KUALA LUMPUR (Sept 30): Former FGV Holdings Bhd chairman Tan Sri Mohd Isa Abdul Samad (pictured) had hosted his birthday party in 2015 at a luxury condominium here owned by the group, the High Court heard yesterday.

KUALA LUMPUR (Sept 26): Tan Sri Mohd Isa Abdul Samad and Datuk Mohd Emir Mavani Abdullah were the ones who initiated the proposal that FGV Holdings Bhd acquire two luxury condominiums at The Troika, Persiaran KLCC, the High Court was told yesterday.

KUALA LUMPUR (Sept 24): The defence lawyer in FGV Holdings Bhd's civil suit against its former chairman Tan Sri Mohd Isa Abdul Samad (pictured) and ex-president and group chief executive officer Datuk Mohd Emir Mavani Abdullah said both defendants objected to the admissibility of plaintiff witness Zalily Mohamed Zaman Khan's evidence in the case, claiming that she has no direct or personal knowledge of the facts of the trial.