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FGV Holdings Berhad refers to a statement issued on June 29 by ANAK, an NGO representing Felda settlers.

Subject: FGV Holdings Berhad refers to a statement issued on June 29 by ANAK, an NGO representing Felda settlers. There are several points in the statement which are incorrect and have caused much confusion and concern

In the video which was posted on YouTube social media channel, it was stated that FGV Holdings Berhad acquired a 51% stake in Felda Holdings Berhad (FHB) from Koperasi Permodalan Felda (KPF) for RM2.2 billion. It was further alleged that the RM2.2 billion was far below the market value of the 51% block in Felda Holdings and also, that it was far less than the RM6 billion paid to FELDA for a 49% stake in the same company. This is incorrect.

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FGV Holdings Berhad merujuk kepada artikel yang diterbitkan pada 3 Julai 2018, oleh Berita Harian Online, bertajuk “FGV Holdings jangan guris hati peneroka – ANAK”

FGV Holdings Berhad amat berbangga dengan asal usul kami yang bermula daripada program pekebun kecil pertama di Malaysia yang ditubuhkan di bawah Lembaga Kemajuan Tanah Persekutuan (FELDA).

FELDA, ditubuhkan sebagai program pembasmian kemiskinan dan telah mencapai kejayaan luar biasa, terutamanya pada awal penubuhannya. FGV sendiri mempunyai genetik hampir sama dengan FELDA dan sehingga hari ini masih terus bekerjasama rapat dengan pekebun kecil dan peneroka, yang membantu menghubungkan petani dengan pasaran. Malah, FGV diakui sebagai salah satu penyokong terbesar pekebun kecil di dunia.

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FGV Holdings Berhad refers to an article published on 3 July 2018, by Berita Harian Online, titled “FGV Holdings jangan guris hati peneroka – ANAK”

FGV Holdings Berhad is proud of its roots which run deep in Malaysia’s first smallholder programme established under the Federal Land Development Authority (Felda). FELDA, was established as a poverty alleviation programme and achieved remarkable success, especially in the early years.

FGV itself has its genesis in Felda and till today continues to work closely with smallholders and settler families, offering the critical link between farmer and marketplace. In fact, FGV is acknowledged as one of the largest supporters of smallholders in the world.

Today, six years after FGV’s listing on Bursa Malaysia, FELDA remains our largest shareholder and an important stakeholder, as are the settlers.

FGV is determined to champion the cause of all smallholders on the international stage, especially at a time when the industry’s license to operate is being challenged for a number of reasons.

FGV has always respected the position of our smallholder suppliers, including the settlers and will work hard to preserve and strengthen the bond we have with our smallholders.

FGV supports more than 112,000 FELDA settlers who produce and supply a third of our fresh fruit bunch (FFB). Another third of FGV’s production is from 350,000 ha of plantations that are managed by FGV under a Land Lease Agreement (LLA) with Felda.

FGV pays FELDA RM 250 million annually for the leasing of this land. In addition to that, FGV also shares 15% of it’s annual profit from the LLA-related land with Felda. Noteworthy to mention that every year since our listing, FGV has never failed to pay dividends to its shareholders.

FGV would also like to clarify that as at 1 June 2018, KPF owns 5.15% shares in FGV, which is 187,966,608 shares, not 800 million shares as reported.

We will continue to work towards ensuring all shareholders benefit from FGV’s growth and success.

 

Dato’ Zakaria Arshad
Group President & Chief Executive Officer
FGV Holdings Berhad

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