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Company type | Publicly traded government-owned investment company |
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MYX: 5222 | |
ISIN | MYL5222OO004 |
Industry | Agribusiness and Food |
Founded | 19 December 2007 [1] |
Headquarters | , |
Key people |
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Website | fgvholdings |
FGV Holdings Berhad [lower-alpha 1] (Abbreviation: FGV, sometimes FGVH; or formerly Felda Global Ventures Holdings Berhad; MYX : 5222) is a Malaysian-based global agribusiness and food company. It is an affiliate of the Federal Land Development Authority (FELDA).
With operations worldwide, FGV produces oil palm and rubber products, oleochemicals and sugar products, with materials sourced from FELDA colonies throughout the country. [2]
Its initial public offering in 2012 was the third largest in the world that year after Facebook and biggest IPO in Asia which raised US$3.1 billion. [3] [4]
It is the third largest palm oil company in the world by planted acreage. [3] FGV manages a total land bank of 439,230 hectares in Malaysia and Indonesia including land under Land Lease Agreement (LLA) with Felda. The company produces approximately 3 million metric tonnes of crude palm oil annually.
In 2009, FGV purchased 51% of the largest sugar refiner in Malaysia, MSM Malaysia Holdings from PPB Group Berhad (founded by Robert Kuok) for RM1.25 billion. [5]
On July 3, 2018, the company dropped the phrase "Felda Global Ventures" from their corporate name and renamed as FGV Holdings Berhad. [6] [7]
On 1 October 2020, the company's products were banned by U.S. Customs and Border Protection, citing forced labour and human rights abuses, including "physical and sexual abuse, debt bondage and abusive conditions." [8]
Malayan Banking Berhad is a Malaysian universal bank, with key operating "home markets" of Malaysia, Singapore, and Indonesia. According to the 2020 Brand Finance report, Maybank is Malaysia's most valuable bank brand, the fourth-top brand amongst the Asean countries and ranked 70th among the world’s most valuable bank brands.
Robert Kuok Hock Nien is a Malaysian business magnate, investor, and philanthropist. Since 1973, Kuok has lived in Hong Kong. According to Forbes, his net worth is estimated at $11.8 billion as of April 2023, making him the wealthiest Malaysian citizen and 96th wealthiest person in the world. As of April 2023, according to the Bloomberg Billionaires Index 2023, Kuok has an estimated net worth of $17.7 billion, making him the 97th richest person in the world.
YTL Corporation Berhad is a Malaysian infrastructure conglomerate, founded in 1955 by Yeoh Tiong Lay, after whom the group is named. YTL Corporation Berhad is an integrated infrastructure developer with extensive operations in countries including Malaysia, Singapore, the United Kingdom, Australia, France, Indonesia, Japan, Jordan, Myanmar, the Netherlands, Thailand and Vietnam. The company has grown from a small construction firm into a global infrastructure company generating over RM25 billion in annual revenue and RM5 billion in EBITDA with over 70 percent coming outside Malaysia.
Sime Darby Berhad is a Malaysian trading conglomerate. Its core businesses operate and serve in the industrial, motors and logistics sectors as well as the healthcare, and insurance segments.
KLCC Property Holdings Berhad is a Malaysian property investment company which owns and manages office, retail and hotel properties in Kuala Lumpur, mainly in the Kuala Lumpur City Centre (KLCC) area. Among the properties owned or managed by the company and its stapled real estate investment trust are the Petronas Twin Towers, Suria KLCC, the Mandarin Oriental Kuala Lumpur and Menara Maxis.
Malaysia Marine and Heavy Engineering Holdings Berhad is a Malaysian owned shipbuilding and heavy engineering industries company. It was formerly known as Malaysia Shipyard and Engineering Sdn Bhd. MHB has been long involved in oil and gas engineering and construction works.
Malaysian Bulk Carriers Berhad was incorporated on 19 November 1988. In 1995, it became the vehicle for a collaboration between Kuok Group and Global Maritime Ventures Berhad, a marine venture capital investment company funded by the Malaysian Government through Bank Industri & Teknologi Malaysia Berhad.
Johor Corporation (JCorp) is Johor’s principal development institution for the State. Headquartered in Johor Bahru, Malaysia, its operations span multiple countries including Malaysia, Singapore, Indonesia, Brunei, Australia,Thailand, Cambodia and Bangladesh.
Lee Shin Cheng was a Malaysian business magnate, investor, and philanthropist. Lee Shin Cheng headed IOI Corporation Berhad, better known as IOI Group, as its executive chairman. IOI is a conglomerate managing oil palm plantations, producing specialty fats and oleochemicals, and is developing properties in Malaysia, Indonesia, the United States, and Europe. The IOI refinery in Rotterdam, Netherlands is the largest palm oil refinery in Europe. IOI's oil palm plantations in Malaysia and Indonesia produce palm oil and palm kernel oil. These oils are made into specialty oils, metallic stearates and fats that are used in soaps, detergents, cosmetics and food additives. IOI Group is a leading real estate developer in Malaysia. Projects include townships, shopping malls, condominiums, office towers, and resorts.
IJM Corporation Berhad is one of Malaysia's leading conglomerates and is listed on the Main Market of Bursa Malaysia Securities Berhad. Its core business activities encompass construction, property development, manufacturing and quarrying, Infrastructure concessions and plantations. Headquartered in Selangor, Malaysia, IJM's regional aspirations have seen it establish a growing presence in neighbouring developing markets with operations presently spanning 10 countries, with primary focus in Malaysia, Singapore, Australia, United Arab Emirates, China, Indonesia and India.
Kulim (Malaysia) Berhad is a Malaysian company. Through its subsidiaries, it engages in oil palm plantation, investment holding, and property investment businesses in Malaysia. The company also manufactures rubber-based products, oleochemicals, and esters; produces oil palm clones by plant tissue culture technology; and distributes tropical fruits, as well as engaging in crude palm oil processing. The Corporate Office of Kulim (Malaysia) Berhad is located at Johor, Malaysia.
Wilmar International Limited is a Singaporean food processing and investment holding company with more than 300 subsidiary companies. Founded in 1991, it is one of Asia's leading agribusiness groups alongside the COFCO Group. It ranks amongst the largest listed companies by market capitalisation on the Singapore Exchange (SGX), being the second largest as of September 2010. It was ranked 211th in the Fortune Global 500 list in 2020. It was ranked 3rd in the World's Most Admired Company by Fortune in 2019.
Kuala Lumpur Kepong Berhad (KLK) is a Malaysian multi-national company. The core business of the group is plantation. The company has plantations that cover more than 250,000 hectares in Malaysia and Indonesia. Since the 1990s, the company has diversified its business activities such as resource-based manufacturing, property development and retailing with worldwide presence. The company is listed on the Bursa Malaysia and is Malaysia's third-largest palm oil producer. KLK was ranked 1858th in the 2013 Forbes Global 2000 Leading Companies, with market cap of USD 6.91 billion. In 2014, KLK was ranked 23rd most valuable Malaysia brand on the Malaysia 100 2014 with a brand value of USD 364 million. The late Thong Yaw Hong, (former) secretary general of the Malaysian Treasury, sat on the board of KLK. Lee Oi Hian, the CEO of KLK, is or was chairman of the board of trustees of the Malaysian Palm Oil Council.
The Federal Land Development Authority is a Malaysian government agency that was founded to handle the resettlement of rural poor into newly developed areas and to organize smallholder farms growing cash crops.
Palm oil production is vital for the economy of Malaysia, which is the world's second- largest producer of the commodity after Indonesia. The Malaysian Palm Oil Board (MPOB) is a government agency responsible for the promotion and development of the palm oil sector in the country. The country's palm oil industry produces about 90 million tonnes of lignocellulosic biomass, including empty fruit bunches, oil palm trunks, and oil palm fronds, as well as palm oil mill effluent (POME). In 2010, in response to concerns about social and environmental impact of palm oil, the Malaysian Government pledged to limit palm oil plantation expansion by retaining at least half of the nation's land as forest cover.
Levidian NanosystemsLimited is a manufacturing company that specialises in the production of graphene.
PPB Group Berhad is a Malaysian diversified conglomerate which engages in food production, agriculture, waste management, film distribution, property investment and development. PPB is also the single largest shareholder of Wilmar International, one of the leading palm oil producers and agribusiness companies in the world.
Lim Kang Hoo is a Malaysian businessman and investor. He is the founder, chairman and chief executive of Iskandar Waterfront Holdings and Ekovest Berhad. Both corporations manage infrastructure construction projects, as well as mega property development. Tan Sri Lim is also linked to other public listed companies in directorial roles; PLS plantations, holding 40,000 acres in palm oil plantations and Knusford Berhad and Tebrau Teguh Berhad.
Felcra Berhad is a corporate organisation wholly owned by the Malaysian Government, under the Minister of Finance (Incorporated).
Mohd Isa bin Abdul Samad is a Malaysian politician. He was the longest serving Menteri Besar of Negeri Sembilan for 22 years from April 1982 to March 2004 and was a Minister of Federal Territories (2004–2005). Isa was a member and former vice-president of United Malays National Organisation (UMNO), a component of the Barisan Nasional (BN) coalition until 2018 when he quit to become an Independent.