FGV seeks to sell farming ma­te­ri­als in In­done­sia

The Sun (Malaysia) - - SUNBIZ -

PE­TAL­ING JAYA: Felda Global Ven­tures Hold­ings Bhd’s (FGV) unit Felda Agri­cul­tural Ser­vices Sdn Bhd (FASSB) has inked a mem­o­ran­dum of un­der­stand­ing (MoU) with In­done­sia’s PT Mi­tra Agro Servindo to ex­plore the pos­si­bil­ity of mar­ket­ing FASSB’s plant­ing ma­te­ri­als in the coun­try.

In a fil­ing with Bursa Malaysia yes­ter­day, FGV said the MoU was also to look into op­por­tu­ni­ties to mar­ket other re­lated prod­ucts, in­clud­ing fer­tilis­ers, pro­duced by an­other sub­sidiary, FPM Sdn Bhd.

“The MoU shall re­main valid for six months to en­able par­ties to fi­nalise and agree upon a de­fin­i­tive agree­ment or such ex­tended pe­riod as agreed in writ­ing by the par­ties,” it added.

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