FGV to sell more non-performing assets

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) plans to divest two or three non-core and non-performing assets or investments this year.
Group president and CEO Datuk Zakaria Arshad said talks with the related parties are underway.
"One or two of them (deals) has already concluded. We need to sign the sale and purchase agreement," he told a press conference after announcing its fourth quarter financial results here today.
He added that the divestments are valued at "a few hundred millions of ringgit".