FGV inks MoU to explore supplying palm oil products in China


Felda Global Ventures Holdings Bhd (FGV) has inked a memorandum of understanding (MoU) with China-based Sinograin Oils Corporation to collaborate on exploring the possibility of supply, storage, processing and distribution of FGV's palm oil based products in China.

In a bourse filing today, FGV said the MoU sets out the parties' understanding and intention during the interim exploratory period.

It said the MoU shall remain valid for one year or such extended period as agreed in writing by the parties.

FGV shares rose 1 sen or 0.52% to RM1.92 with 2.75 million shares traded in the morning session today. It has a market capitalisation of RM7 billion.


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