Spreading wings: The substantial investment in the Chinese firm is an indication of FGV’s growth ambitions in one of the world’s largest markets for edible oils.
KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) is confident of getting the nod from shareholders for its proposed acquisition of a 55% stake in China’s Zhong Ling Nutril-Oil Holdings Ltd for RM976.25mil, said chief executive officer Datuk Emir Mavani Abdullah.
According to him, Zhong Ling, which is a manufacturer of various types of edible oils, is a business with high profit-margin opportunities.
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