PETALING JAYA: Felda Global Ventures Holdings Bhd (FGV) has explained that the US$174.5mil (RM655.77mil) deposit paid for the proposed acquisition of plantation land from Indonesia’s Rajawali Group is a commercial requirement from the vendors.
In a filing with Bursa Malaysia, the company said there was a requirement to demonstrate a high level of commitment to the vendors, given that the proposed acquisition was for the single largest equity holding in PT Eagle High Plantations Tbk.
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