KUALA LUMPUR – The Federal Land Development Authority (Felda) has acquired all the remaining 461,500 shares in FGV Holdings Bhd, excluding treasury shares, in the open market for RM1.30 per unit.
In a statement today, Maybank Investment Bank Bhd, the principal adviser to Felda on its FGV takeover offer, said the shares were bought yesterday.
It said the acquisition includes all FGV shares under its long-term incentive plan.
On December 8 last year, Felda, which already had a 21.24% stake in FGV, increased it to 35.12% and proposed to take the firm private at RM1.30 a share. – Bernama, February 3, 2021
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