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The worst went for FGV Holdings Bhd, who survived and went through the toughest part of its transformation exercise, including a major change in management, said Acting President and CEO, Azhar Abdul Hamid.
Addressing reporters after the announcement of the FVG's third quarter financial results in Kuala Lumpur today, he said the future would be more promising for the global agricultural and agricultural products company. agrifood home based.
"I am the" heart patient "who is slowly coming out of the operating room and I am going to the Intensive Care Unit. I should be operational again in the next week. "
"And personally, I firmly believe that the price of our shares will not stay below RM1," he said in response to a question as to whether FGV's shares would become penny shares.
Shares of the plantation company fell to a record low on Tuesday, finishing nine Sen or 8.26 percent easier at 1 pm, wiping out another market capitalization of 330 million RM.
Azhar explained that with the ongoing transformation program, investors would begin to see the value of what FGV does.
"(And) I hope that the level of confidence will improve, but I also believe that we must gain confidence.
"Looking at what we do, the goal we have in mind and the maintenance of transparency would allow us to go forward, I think the level of trust is Will also improve and that will be reflected in the best stock prices in the future, "he said. added.
Over the last 12 months, FGV has made several changes, including the composition of the Board, which now includes industry experts and other experts in the field.
The board is also in the process of appointing new candidates for various key positions within the company.
– Bernama
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