KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) has clarified that it is not aware of any potential suitors, either from Tradewinds Group or other companies.
In its filing to Bursa Malaysia, the company said any interest is a testament that FGV is a world-class company with a positive outlook.
“In the meantime, the company remains committed to its transition plans to focus on improving efficiencies, cost rationalisation measures and enhancing the full potential of our existing assets,” it said.
FGV was responding to an article by an English daily on Thursday.
The news report said FGV, having aborted the state acquisition of Indonesia’s Eagle High Plantations Tbk, has attracted suitors which are looking at a possible corporate exercise with the plantation group.
“Among them is a strategic investment company affiliated with the Tradewinds Group, which is mulling over a stake purchase in FGV,” it said.
“It is believed that FGV has received overtures from Tradewinds on a possible tie up, although it is still at a preliminary stage,” it added.