Economist questions basis for further funding in failed TH-FGV venture

In 2019, FGV Holdings said the RM1 billion valuation placed on Trurich Resources, a 50:50 joint venture with Tabung Haji, had failed to account for the poor condition of its plantations. (File pic) PETALING JAYA: Tabung Haji and Felda-owned FGV Holdings should have each independently assessed Trurich Resources’ assets, operating performance and prospects before committing further funds into the failed joint venture, an economist said. (Free Malaysia Today, 09:00)

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  Free Malaysia Today·News·EN·23 Oct, 09:00 MYT

  Economist questions basis for further funding in failed TH-FGV venture

  In 2019, FGV Holdings said the RM1 billion valuation placed on Trurich Resources, a 50:50 joint venture with Tabung Haji, had failed to account for the poor condition of its plantations. (File pic) PETALING JAYA: Tabung Haji and Felda-owned FGV Holdings should have each…

  Read at Free Malaysia Today ↗

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  Free Malaysia Today·News·BM·23 Oct, 09:00 MYT

  Ahli ekonomi persoal asas suntikan dana tambahan dalam usaha sama TH-FGV

  Pada 2019 FGV Holdings berkata penilaian RM1 bilion terhadap Trurich Resources, usaha sama 50:50 dengan Tabung Haji tidak mengambil kira keadaan ladangnya yang teruk. (Gambar fail) PETALING JAYA: Lembaga Tabung Haji dan FGV Holdings milik Felda sepatutnya membuat penilaian…

  Read at Free Malaysia Today ↗

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