KUALA LUMPUR – The Federal Land Development Authority (Felda) has bought 5.15 million shares of FGV Holdings Bhd from the open market yesterday in a quest to take over the plantation company.
In a filing with Bursa Malaysia today, FGV said the shares were purchased at RM1.29 apiece.
Last Tuesday, Felda issued an offer document in relation to its unconditional mandatory takeover offer for all remaining shares in FGV that it does not own, except treasury shares.
Its offer of RM1.30 per share will be open for acceptances until 5pm on February 2, unless extended or revised with an announcement to be made by Maybank IB two days prior to the closing date. – Bernama, January 15, 2021
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