FGV share price up after it disbands executive board committee

PETALING JAYA: Felda Global Ventures Holdings Bhd's (FGV) share price rose 0.6% this morning after its board of directors disbanded a three member board executive committee and appointed Datuk Khairil Anuar Aziz as officer-in-charge with immediate effect.
As at 11.13am, FGV is the top 30th active counter on Bursa Securities. Its share price stood at RM1.67 with 3.37 million shares changing hands. It has a market capitalisation of RM6 billion.
The three member board executive committee was initially set up to take over the duties and responsibilities of the group president and CEO Datuk Zakaria Arshad in his absence. The committee consisted of FGV directors Datuk Dr Omar Salim and Datuk Mohd Zafer Mohd Hashim, and head of logistics cluster Azman Ahmad. No reason was given for the move.
A domestic inquiry into Zakaria and CFO Ahmad Tifli Mohd Talha by FGV is to start next Monday.