FGV shares continue to rise after announcing return of CEO

PETALING JAYA: Felda Global Ventures Holding Bhd's (FGV) shares continued to rise this morning, after announcing its group president and CEO Datuk Zakaria Arshad will resume his duties on Oct 16, after being on leave of absence since June 6.
At 10.40am, the stock stood at RM1.74 with 5.5 million shares changing hands. Its market capitalisation stood at RM6.35 billion.
To recap, Zakaria, FGV group CFO Ahmad Tifli Mohd Talha, Delima Oil Products Sdn Bhd senior general manager Kamarzaman Abd Karim and FGV Trading Sdn Bhd CEO Ahmad Salman Omar were issued with letters for leave of absence in early June following an internal audit investigation whereby alleged discrepancies were found in dealings between Delima Oil Products and Safitex Trading LLC.