'FGV has no equity in Bayswater'
IN REFERENCE to a Business Times article titled "FGV continues buying spree," dated October 12, Felda Global Ventures Holdings Berhad (FGV) has issued a statement saying that it did not acquire the Bayswater apartment in London as mentioned in the article.
FGV explained that the acquisition was made by Felda Investment Corp (FIC), which is the Federal Land Development Authority (Felda)'s business arm.
"Felda Global Ventures does not have any equity or interest in the Bayswater acquisition.
"FGV is not involved in the property business and is focused on its core businesses, namely plantations, be it downstream or upstream, and sugar," the company said in a statement.