EPF: FGV shares all sold, Felda Holdings loan not in default

Dec 23, 2016

EPF - FGV Shares

The Employees Provident Fund (EPF) no longer holds any shares in Felda Global Ventures Bhd (FGV).

“The EPF would like to assure all members that we practice high standards of corporate governance, with robust policies on risk control and on our strategic asset allocation.

“As of today, the EPF no longer holds any shares in FGV,” it said in an internal statement that went viral yesterday.

On the other hand, EPF confirmed that the RM6.5 billion loan taken by Felda Holdings Bhd (Felda) was not in default.

“Felda continues to service the loan in accordance to the agreed terms and conditions,” it said.

“We urge EPF members to verify the facts with the EPF and not be misled by comments made in the social and online media,” it added.

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