Felda Global Ventures on fast-track mode to sell off non-core assets

Zakaria: ‘To me, my focus is to look at the core business, and now we can see the results already. The next two quarters are where we will show even more improvements from the earnings and cost savings side, and we are confident of achieving this. I can tell you that settlers have been satisfied with FGV’s performance so far this year.’

PETALING JAYA: Felda Global Ventures Holdings Bhd (FGV) is fast-tracking its plan to unlock the value of its non-core assets as part of its restructuring efforts.

Among others, the group is in final talks with Affin Holdings Bhd (AHB) for the sale of its 16% stake in AXA Affin General Insurance Bhd (AAGI) in a deal which could fetch prices of as much as RM90mil.