<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 9): Felda Global Ventures Holdings Bhd (FGV) has terminated its five-year-old joint venture (JV) with Lipid Venture Sdn Bhd to build and operate a plant to produce tocotrienol (vitamin E) from refined bleached palm oil.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia, FGV said both companies have mutually agreed to terminate the JV. FGV however, did not give a reason for the move.</p></div>

<div class=newsTextDataWrapInner><p>On Nov 13, 2013, FGV said its wholly-owned subsidiary Felda Global Ventures Downstream Sdn Bhd (FGVD) had entered into a JV and shareholders’ agreement with Lipid Venture for the proposed venture and that the plant would be located in Kuantan, Pahang.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>FGV had said then, that the JV company would be funded by external funds and the Performance and Management Delivery Unit’s grant under entry point project 8.</p></div>

<div class=newsTextDataWrapInner><p>"The termination of this JV and shareholders’ agreement would not have any financial impact on FGV and its subsidiaries," the filing added.</p></div>

<div class=newsTextDataWrapInner><p>FGV shares closed unchanged at RM1.87 today, with 9.22 million shares done, bringing a market capitalisation of RM6.79 billion.</p></div>


KUALA LUMPUR (Feb 9): Felda Global Ventures Holdings Bhd (FGV) has terminated its five-year-old joint venture (JV) with Lipid Venture Sdn Bhd to build and operate a plant to produce tocotrienol (vitamin E) from refined bleached palm oil.

In a filing with Bursa Malaysia, FGV said both co...

FGV terminates JV with Lipid Venture after five years

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