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Asian Plantations Limited Offer Update: Compulsory Acquisition of Shares




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Kuala Lumpur, 11 November – Felda Global Ventures Holdings Berhad ( FGV), the world's largest producer of Crude Palm Oil (CPO), has delisted Asian.


Aug 28, KUALA LUMPUR, Aug 29 (Reuters) - Malaysia's Felda Global Ventures Holdings Bhd, the world's third-largest palm oil plantation operator.

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Description:December 18, Once the investigation is concluded, FGV, it seems, may press charges against some of the directors who were holding office at the time of the acquisition. Sources say the issues being looked into include the high price paid for Asian Plantations, the large amount of non-plantable land and the former owners for developing about ha of land that Asian Plantations did not own. Also, a due diligence done by audit firm Deloitte, it seems, did not support the case for buying Asian Plantations for a variety of reasons.

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