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Nikkei Markets

Malaysia's Felda Global Ventures To Review CEO's Explanation To Show-Cause Letter

By Jason NG
Nikkei Markets
KUALA LUMPUR (Jun 29) -- Malaysia's state-run palm oil producer Felda Global Ventures Holdings said Thursday it will review a reply to a show-cause letter from its suspended top executive.

"The board shall evaluate the explanations of both the chief executive officer and chief financial officer and undertake the necessary due process to conclude this matter," Felda Global said in an exchange filing. "Both shall continue to be on leave of absence until further notice from the board."

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