The Federal Land Development Authority (Felda) has announced that FGV Holdings Bhd (FGV) has officially been delisted from the main market of Bursa Malaysia Securities Bhd, effective 9am today.
In a statement, Felda said this action followed the suspension of FGV’s shares from trading on Aug 25, 2025.
“To date, Felda, together with the persons acting in concert (PACs), holds 95.29 percent of FGV’s total shares.
“Shareholders who rejected the unconditional voluntary takeover offer (dissenting holders) can still exercise their right to sell their FGV shares until Jan 15, 2026, before 5pm, in accordance with Felda’s notice to shareholders dated Aug 22, 2025,” it said.
Felda said the delisting of FGV marks the beginning of a new phase for the authority to strengthen its corporate structure, optimise plantation operations, and increase economic returns to itself and its key stakeholders, the settlers.
“With FGV no longer listed on Bursa Malaysia, Felda can fully control the value chain of the palm oil industry, including yield management and plantation operating costs, thereby boosting productivity, optimising costs, and consistently maximising returns.
“Felda is confident that with a comprehensive restructuring of the Felda Group ecosystem, more sustainable growth can be driven, global competitiveness enhanced, and the welfare of the settler community secured for the long term,” it added.
- Bernama
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.