Felda not selling stake in FGV, says Shahrir
http://www.thestar.com.my/business/business-news/2017/07/06/felda-not-selling-stake-in-fgv-says-shahrir/ I am surprised that WSJ also dont understand on the LLA of felda with fgv stupid

some seems to be confused:
1.Fgv land belongs to felda so they cannot sell to anybody
2.Felda leased to fgv known as LLA
3.first step: inject assets into fgv
4.2nd step : then give back the old trees palms with 15mt yield to felda(hopeless land) good ridddens
5.felda give 4 bln to fgv
6.Indon tycoon pay fgv 50% premium about 70 cts to fgv based on per share a win win deal
7.Ipo price 4.50 - 2.50 balnce 2.00 govt pump tax money into felda cooperative so all happy.
8.This deal may happen within 2 mths n meanwhile punters for sure push price down to chase weak investors.

http://www.theedgemarkets.com/article/mrcb-after-option-period-extended

Pls understand that all media writers are all sysnidicated hence to me it shouldnt take 2 months to settle the domestic enquiry unless by then they exoect to get back the 50 million. Deal by Indon tycoon is possible becoz the LLA being settled n felda is out of fgv.
Punters will try to push price down to collect so be careful. 2.50 may be posible

After Sime demeger for Bakhee to manage d plantation becomes too small for him n he is Mr.Clean. Sime got 500k ha n fgv about 500 ha so both merger possible n Bakhee become d CEO n share price diluted to 4.50, so lets have high hopes

“The board has established an appropriate panel from within FGV Group. The members will not comprise any of the FGV Directors,” it said in a filing to Bursa Malaysia today.

FGV also said during the domestic inquiry process, the board will not comment and/or interfere with it.

“The board shall only provide the necessary announcement when the panel has presented its findings to it and a resolution has been reached. This process is expected to take about two months,” it added.

FGV said the board had also resolved to send a note of caution to Zakaria to remind him that during his leave of absence, he is still an employee of FGV and governed by the company’s code of business conduct and ethics for employees.

Z on domestic enquiry, I feel 1 or 2 days is enough to find the conclusion. To me the case agsinst Z is obviois, he will be found " bad governance" hence expelled. If he sues Fgv he cant win the case as domestic enquiry by a group of ppl is good enough.
Once Z problem over then N will make news which all,of us are waiting.

Next going to break 1.66 n 2.50

Vivo is for long term.
New projects: latest win is the 195.2 mln from SBA property
Current order is 2.1 bln while tender book strands at 2.3 bln
For 2017 most confident oitlook as they hv a very healthy pipeline of projects which they are bidding n very confidents of securing some.
Above extract from Focus now all deoends on the next Q

KUALA LUMPUR (June 30): Goldis Bhd is revising the options for its takeover offer for IGB Corp Bhd.

Originally, Goldis offered three options available to IGB shareholders — cash only or a cash plus Goldis shares on a 30:70 ratio respectively, and the third option is cash plus new redeemable convertible cumulative preference shares (RCCPS) on a 20:80 ratio respectively. Meanwhile, shareholders owning fewer than 100 IGB shares would be offered cash only.

However, Goldis said it wants to allow all scheme shareholders to have the same election rights, whereby those with fewer than 100 IGB shares can elect for the Cash Option, the Cash and Share Option or the Revised Cash and New RCCPs Option.

Secondly, the proportion of cash to new RCCPS to be offered under the Cash and New RCCPS Option has been revised from 20% in cash and 80% New RCCPS to 12% in cash and 88% new RCCPS.

“This is to cater to scheme shareholders who wish to maximise their equity holdings in Goldis with the aim to benefit from and realise the long-term potential value in the consolidated group,” said Goldis.

Goldis said the revised option will not have any material effects on the group structure, share capital, substantial shareholders’ shareholding and audited consolidated net assets per share and gearing.

On Feb 23, Goldis announced that it had offered to pay IGB shareholders RM3 a share in either cash or a combination of cash and shares in Goldis, a move that would see it delisting IGB and turning it into its wholly-owned subsidiary.

It also said the move would likely eliminate its holding company discount on IGB, provide it with greater liberty to plan and decide on the strategic and business directions of IGB, and create a more cohesive and efficient operating structure going forward.

Should the scheme be approved, Goldis said it plans to rename itself IGB Bhd, which stands for Ipoh Goldis Bersatu.

Goldis settled 0.4% or one sen higher at RM2.90 today, valuing it at RM1.77 billion.

http://www.theedgemarkets.com/article/goldis-revises-options-igb-takeover

PETALING JAYA: The request for proposal (RFP) for the estimated RM200 billion Bandar Malaysia project which makes it compulsory for interested bidders to be affiliated to a Fortune 500 company is viewed as a way to rebuild the reputation and credibility of this mega deal.

Analysts contacted by SunBiz opined that it might be the first time such a standard has been set for an RFP by the government.

One analyst who declined to be named said he sees this as an important effort to regain market confidence after going through a lot of controversies. “It’s very critical to ensure that the project will take off, to avoid being another white elephant project,” he told SunBiz.

Another analyst believes the requirement is aimed at drawing interest from foreign investors.

“The Fortune 500 criterion tells you one thing: you need a foreign party. It hints at the direction for the investor selection. I think Fortune 500 is a branding, but there is not much chance for a local company to be selected on its own.”

He went on to say that the winner could be another Chinese firm, if not China Railway Engineering Corp (CREC). CREC is a Fortune 500 company.

Agm no news. The proposal was 2 free warrants for every 5 shares n exercise price was fixed @ RM1. Based on mother price now the warrant will be trading at 30+++++ when it is listed.This was the proposal subject to shareholders approval. Co make profit n instead of giving dividend giving warrants which is good. Once news out mother may go up up up

N have to save fgv, just wait for news. I Feel bakhee is the new CEO

Once during Asian crisis, when Mahathir was at Subang airport, he proudly said that, "we have palm oil to save the nation" price then was about 3000.
Palm oil is a golden crop, England men came here brought the Indians to clear the jungle to plant oil palm to give revenue. Everything has been laid just to follow. Copy also cannot, work also cannot then good for nothing. Senior mgrs above 70 are still working in Indon n the boss not leaving them becoz they give yield of 30 mt.Lazy fellows here, fgv going bust also, all cannot see, its a shame

Agreed all drama going on

2moro up 10cts

After Sime demerger Haji Bakhee may not helm Sime as he needed bigger property so Azhar may be Ceo of Sime n Haji Bakhee may be appointed as Ceo of fgv who is Mr.Clean. I feel M&A or injection of assets are all posible, just my2c

For every 5 shares get 2 free warrants upon listiing opening price 30cts n exercise price is 1.00 mother expected to go up up up

Z has lost his integrity for bad governance, I feel En Haji Bakhee of Sime may be the new CEO

KUALA LUMPUR (June 29): Meeting the noon deadline, Felda Global Ventures Holdings Bhd's (FGV) suspended president and chief executive officer Datuk Zakaria Arshad submitted his reply to a show-cause letter today.

According to FGV, Zakaria's brother Maulud Arshad handed the reply to group company secretary Koo Shuang Yen at 11.30am.

"The reply relates to the show-cause letter to the long outstanding debt of Safitex Trading LLC with FGV's subsidiary Delima Oil Products Sdn Bhd," said an FGV spokesperson.

Zakaria's reply comes after being postponed twice from the original June 20, 4.30pm deadline to today. He appealed for an extension till June 30 which FGV initially refused before relenting.

In the meantime, suspended chief financial officer Ahmad Tifli Mohd Talha gave his reply on June 20 to a similar show-cause letter.

According to FGV, both directors will continue to be on leave of absence until further notice.

Zakaria, Ahmad Tifli, FGV Trading Sdn Bhd CEO Ahmad Salman Omar and Delima Oil Products senior general manager Kamarzaman Abd Karim were suspended and given leave of absence from June 20 while awaiting the results of an inquiry concerning deals under Delima Oil Products.

This stock potential 3.00

X
If i buy Sime share @ 10 = 10,000 based n divdend of 25 cts can get 250 but if i keep in bank based on fd rate can get 400 hence to be in buisness Sime shd improve yield to 24 mt n shd be able to pay 50 cts.

Sime going on demerger to give fair value to shareholders. As a plantation man Sime shd improve their present yield from 20 mt (bad) to about 24 mt n can be done if mgrs are comitted n walk in the field. Current dividend of 25cts bad shd be 50 cts.

Guilty

FGV: Zakaria has till noon today to reply to show-cause letter
Posted on 23 June 2017 - 10:39am sunbiz@thesundaily.com
PETALING JAYA: Felda Global Ventures Holdings Bhd (FGV) group president and CEO Datuk Zakaria Arshad, who was issued a show-cause letter last Tuesday (June 13), has until noon today to submit his explanation.

In a filing with Bursa Malaysia yesterday, FGV said its board of directors had considered Zakaria’s request for an extension of time to reply by July 30, 2017 and agreed to grant him until noon today (June 23) to respond to the show-cause letter.

Zakaria was given seven days to respond and was supposed to submit an explanation by 4pm on Tuesday (June 20). Group CFO Ahmad Tifli Mohd Talha, who was also served a show-cause letter, responded on June 20 as required.

FGV said both Zakaria and Ahmad Tifli will continue to be on leave of absence until further notice.

http://m.malaysiakini.com/news/386530

Zakaria cannot escape from "bad governance" can be charged or sacked for breach of trust. Third generation settlers should ensure that Isa dont hlold any govt posts. As it is SPAD not happy with him........?

Zakaria statement

I can do M&As. Previously, I didn’t want to do M&As as [it would end up with] nothing that I can show, you know.

People say, what happened to your ladang? (estate). Now there is a good momentum there (in cost-cutting). Although I don’t see yet that the costs have been reduced, the momentum of reducing them is there… the yield is there. I can look into other opportunities, I cannot just be sitting [idle] happily.

Si.........after replanting on 20 mt, others 24-30 mt, if IOI or KLK man head fgv somethibg to shout about now all scratch d head

Ring GLC all same unproductive

http://klse.i3investor.com/m/blog/bfm_podcast/125877.jsp

No.1, should have sacked d disgusting 67 yr old fool. S'pore PM apologised for family feud here over the years trillions have been robbed but all pretending nothing has happened. With all the loss, still, we can get a GDP of 5.6 is remarkable. Our export is good + palm oil is helping d nation otherwise our country would hv gone chaos. I urge d top people of this nation, pls stop looting n let us have a one square meal peacefully.
I am asking why until now d billions found in Sabah officers house water project, why not charged.......

What happened to the billions found in the officers house for Sabah water projecr. Suddenly all silent???

FGV changes won’t affect probe
http://www.thestar.com.my/news/nation/2017/06/21/fgv-changes-wont-affect-probe-investigation-only-relies-on-evidence-and-statements-says-macc-chief/

Isa and wife to give statements over corruption probe today
http://www.thestar.com.my/news/nation/2017/06/21/isa-and-wife-to-give-statements-over-corruption-probe-today/ Must be charged n jailed

Fgv money mismanaged or stolen any sorry sorry sorry nothing but all very happy and laughing

http://www.theborneopost.com/2017/06/20/singapore-pm-says-sorry-for-family-feud/

Yes very complicated only way take private wait for PM to announce

Mah: FGV can reorient focus on palm oil industry following Sulaiman's appointment
http://www.thestar.com.my/news/nation/2017/06/20/mah-fgv-can-reorient-focus-on-palm-oil-industry-following-sulaimans-appointment/ Problem with r ministers, they r not focussed, Mah's comments does not go well with the situation.He is talking more of promoting palm oil instead he shd be talking of extracting more oil from fgv land. In principle he shd make a visit to IOI estates n tell d cabinet it is time IOI standards are practised by fgv. All just talk for the sake of talking

Please read the last paragraph

We also discussed his (Isa’s) future role. Following our discussion, Isa willingly let go of his chairmanship in FGV,” the Prime Minister told reporters after launching the PPA1M civil service housing project here.

He said both Sulaiman and Isa’s appointments took effect imme­diately.

In a separate statement, the Prime Minister’s Office noted that FGV should now identify the best corporate practices, policies and procedures within or outside the industry and adopt these.

“In this way, FGV will make a quantum leap in terms of improvement in corporate governance,” it said.

Putting FGV on stronger footing
http://www.thestar.com.my/news/nation/2017/06/20/putting-fgv-on-stronger-footing-sulaiman-tasked-with-taking-company-ahead-in-quantum-leap/

1. The Government and Felda Global Ventures (FGV) has received Dato’ Sri Idris Jala’s independent report on the FGV's Board’s decision and action to suspend its CEO, CFO and two other senior management officials. This is pursuant to his appointment as an independent party on 7 June to establish the facts of the case and recommend the way forward.

2. Having reviewed the report, both the Government and FGV have today accepted the four key findings and way forward as follows:

There are sufficient facts and reasonable grounds warranting the FGV Board to initiate disciplinary proceedings against its CEO, CFO and two other senior management officials in relation to alleged breach of procedures in Delima Oil Products Sdn Bhd (DOP), a subsidiary of FGV. As such, FGV should continue with its ongoing disciplinary proceedings. It should be highlighted that no one is guilty of any wrongdoing at this juncture unless proven by the impending domestic inquiries. During the domestic inquiries, the 4 management officials will be able to defend themselves in line the laws of natural justice.

Govt confirms Sulaiman to head FGV, Isa to lead SPAD
http://www.thestar.com.my/business/business-news/2017/06/19/fgv-to-appoint-sulaiman-mahbob-as-chairman-replacing-isa/

Datuk Seri Mohd Najib Tun Abdul Razak said on Monday that apart from undertaking the normal roles and responsibilities of the chairman, “he (Sulaiman) will immediately take action to oversee the implementation of the above way forward”.

The Prime Minister said there were are “sufficient facts and reasonable grounds warranting the FGV Board to initiate disciplinary proceedings against its CEO (Datuk Zakaria Arshad), CFO (Ahmad Tifli Mohd Talha) and two other senior management officials in relation to alleged breach of procedures in Delima Oil Products Sdn Bhd (DOP), a subsidiary of FGV”.

FGV to appoint Sulaiman Mahbob as chairman, replacing Isa
http://www.thestar.com.my/business/business-news/2017/06/19/fgv-to-appoint-sulaiman-mahbob-as-chairman-replacing-isa/

pang72: Goreng purpose only, yiu are right

Actually directors are pushing price up up but people are just throwing

Sharir proposal is a clear message for privatisation