First Resources (Singapore) (SG:EB5) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
First Resources Limited has publicly refuted claims made by The Gecko Project, which suggested that it was associated with groups involved in rainforest clearing in Indonesia. The Singapore-based company clarified that it has no ownership or management ties with Ciliandry Anky Abadi and New Borneo Agri/Sulaidy Group, and does not conduct business with entities that do not adhere to its sustainable palm oil policies. While FAP Agri supplies First Resources on an ad-hoc basis, the company maintains that it has no control over FAP Agri and is fully cooperating with RSPO’s complaint process.
For further insights into SG:EB5 stock, check out TipRanks’ Stock Analysis page.