Shares of Felda Global Ventures climb on appointment of new chairman
Azhar Abdul Hamid says getting FGV to be competitive a priority; its fortunes have plunged since listing in 2012
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Kuala Lumpur
SHARES of Felda Global Ventures Holdings Bhd (FGV) rose 4.3 per cent to RM1.71 (S$0.55) on Monday after Azhar Abdul Hamid was appointed chairman of the controversial state-owned plantations company last Friday.
A former top executive of conglomerate Sime Darby, Mr Azhar is expected to bring a steadier hand to FGV. Its plummeting fortunes since its listing in mid-2012 have been a bane to Prime Minister Najib Razak who needs the support of Felda settlers to win the next general election which has to be held by August next year.
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