The share prices of Felda Global Ventures Holdings (FGV) would have been lower if it were not for the intervention of several institutions, including the Employee’s Provident Fund (EPF), claimed PKR de facto leader Anwar Ibrahim.
Anwar, a former finance minister, said bank valuations showed that the share price was being artificially inflated, but did not name the banks involved.
“If we were to look at independent analysis such as from banks, the actual price is RM3.50 per unit.
“That price is held at RM4.62 due to intervention in the form of purchases from the EPF, the Retirement Fund Incorperated, and other institutions,” he said at a press conference today.
[More to follow]
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