The Federal Land Development Authority (Felda) has acquired 3.16 million more shares in FGV Holdings Bhd from the open market at RM1.30 per share.
In a filing with Bursa Malaysia today, Maybank Investment Bank Bhd (Maybank IB), the principal adviser to Felda on its takeover offer for FGV shares, said the shares were purchased on Tuesday, Feb 9.
On Dec 8, Felda proposed to launch a takeover offer after acquiring 222.48 million FGV shares (6.1 percent stake) held by the Retirement Fund (Incorporated) or Kumpulan Wang Persaraan (Diperbadankan) and 283.71 million FGV shares (7.78 percent stake) held by Urusharta Jamaah Sdn Bhd for RM658 million cash.
As at Jan 29, 2021, Felda and persons acting in concert with it held a 68.76 percent stake in FGV.
- Bernama
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