KPF no longer FGV substantial shareholder

This was following the 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.

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 the 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.