FGV's shares up 1.19% on news of group CFO's return

PETALING JAYA: Felda Global Ventures Holdings Bhd’s (FGV) share price rose 1.19% this morning on news of its group CFO Ahmad Tifli Mohd Talha resuming duty today after nearly four months of suspension.

The stock rose 2 sen to RM1.70 at 10.58am today with a total of 1.60 million shares traded. Yesterday, the stock rose 0.6% or 1 sen to close at RM1.68 with a total of 3.02 million shares traded.

The announcement on Ahmad Tifli’s return comes almost two weeks after a decision on the domestic inquiry proceedings was expected.

However, there was no mention of the group president/CEO Datuk Zakaria Arshad, who was also suspended from duty, in the group’s filing with Bursa Malaysia yesterday.