FGV’s rebound hit by uncertainties over land lease review

KUALA LUMPUR: After FGV Holdings Bhd announced a transformation plan to turn around its operations last Sept 3, its share price deteriorated from RM1.49 to an all-time low of 63.5 sen on Dec 14, before rebounding over the last four months to RM1.30 last Wednesday — amid cautiously rising optimism about the company’s prospects.