Felda Global seals RM1.2bil takeover of Pontian United

PETALING JAYA: Felda Global Ventures Holdings Bhd (FGV) has sealed its RM1.2bil takeover of Sabah-based Pontian United Plantations Bhd.

The plantation giant said in a filing with the stock exchange that it had received acceptances for 100% of the shares in Pontian, comprising 8.65 million shares, via its RM140 per share offer as at the closing date yesterday.

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Business , fgv , pontian

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