KUALA LUMPUR: Koperasi Permodalan Felda Malaysia Bhd (KPF), the cooperative controlled and made up of Felda settlers, has reduced its stake in FGV Holdings Bhd to below 5% for the first time since the plantation company went public in 2012.
This was following a disposal of 12 million shares on June 3 that has reduced KPF's stake to 4.75%, FGV said in a filing with Bursa Malaysia today.
Recent filings with Bursa Malaysia showed that KPF had disposed 3 million FGV shares on June 2 and 2.6 million shares on June 1.
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