CORP BRIEF: FGV, Ami Moris, Gromutual and Pestech


FGV to formalise auditor appointment by next month 

FGV Holdings Bhd has identified an independent auditor to carry out the audit work and is currently working with a US-based legal counsel to finalise the terms and conditions for the appointment following the withhold release order issued by the US Customs and Border Protection (CBP) on Sept 30, 2020, against the palm oil and palm oil products made by FGV, its subsidiaries and joint ventures. In a filing to Bursa Malaysia yesterday, the group said to ensure the scope and methodology of the audit meet the requirements and expectations of the CBP, FGV foresees a slight delay in the appointment and expects to formalise the appointment by next month. 

Ami Moris chairs 30% Club Malaysia 

MAYBANK Kim Eng Group CEO Ami Moris has been appointed as chairperson of the 30% Club Malaysia. In a statement yesterday, 30% Club Malaysia said she will lead the drive in advancing women leaders on corporate boards and management teams in Malaysia. The 30% Club Malaysia is part of a global campaign led by chairpersons and CEOs taking action to increase diversity, equity and inclusion at board and senior management levels. 

Gromutual provides info on land purchase 

GROMUTUAL Bhd via its wholly-owned subsidiary, Harmony Gallery Sdn Bhd, has informed the Bursa Malaysia that the land it purchased from DAC Land Sdn Bhd is for commercial purposes. In a filing to Bursa Malaysia yesterday, the company said the basis for the purchase consideration of RM3 million reached on “willing-buyer, willing-seller” basis after considering development of the land, accessibility and the strategic location of the land. 

Pestech partners Gartena for W2E solutions 

PESTECH International Bhd entered into a memorandum of understanding (MoU) with Gartena Holdings Ltd to explore the opportunity to cooperate in proposing and developing waste-to-energy (W2E) solutions in the Asean region. In a filing to Bursa Malaysia yesterday, the company said both companies will collaborate to recycle the energy contents from wastes (general waste, scheduled waste or medical waste) to generate electricity. The MoU will have no material effect on earnings, revenue and net assets per share for the group for the financial year ending June 30, 2022.