Felda unit to buy PT Eagle High stake for US$505.4mil

KUALA LUMPUR: Federal Land Development Authority’s (Felda) subsidiary FIC Properties Sdn Bhd is acquiring the 37% stake in PT Eagle High Plantations Tbk that was previously eyed by sister company Felda Global Ventures Holdings Bhd (FGV) but at a 26% discount to the original price tag.

Shares in PT Eagle shot up 8.8% on Friday to an eight-month high of 298 rupiah, which values the Indonesian planter at around US$700mil (RM3.13bil).

Subscribe now for a chance to win your dream holiday!

Monthly Plan


Annual Plan


Billed as RM148.00/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!


Next In Business News

Asian stocks waver after tech earnings, yen at seven-week high
Deutsche Bank's profit streak ends with big lawsuit provision
Gross fixed capital formation recorded at RM314.8bil in 2023 - DoSM
SC urges consistent high-quality audits for public interest entities
Selling restarts on Bursa, FBM KLCI drops 7pts
GHL Systems' shares to be suspended on July 31
Malaysia's inflation remains 2% in June
Sime Darby, Porsche expand local assembly facility
Maybank says systems remain secure amid claims of database for sale on dark web forum
Sunway Property records RM1.1bil in nationwide bookings

Others Also Read