The Employees Provident Fund (EPF) would like to assure all members that we practice high standards of corporate governance, with robust policies on risk control and on our Strategic Asset Allocation. In line with these best practices, we have been closely monitoring the equity performance of Felda Global Ventures (FGV) over the years and have gradually sold down our shareholding. As of today, the EPF no longer holds any shares in FGV.
The EPF confirms that the RM6.5 billion loan taken by FELDA Holdings (Felda) is not in default and Felda continues to service the loan in accordance to the agreed terms and condition.
We urge EPF members to verify the facts with the EPF and not be misled by comments made in the social and online media.