PETALING JAYA: Felda Global Ventures Holdings Bhd (FGV) has discovered fraud in its 50%-owned unit in Turkey, which has incurred a stock loss of RM57mil. This contributed to FGV’s net loss for its third quarter ended Sept 30 widening to RM94.86mil from RM33.9mil a year ago.
FGV shares plunged 11% at yesterday’s close, while its warrants suffered bigger losses.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
