The Federal Land and Development Authority (Felda) continued to raise its stake in FGV Holdings Bhd with the purchase of 5.147 million shares on Thursday.
KUALA LUMPUR: The Federal Land and Development Authority (Felda) continued to raise its stake in FGV Holdings Bhd
with the purchase of 5.147 million shares on Thursday.
A filing with Bursa Malaysia on Friday showed it paid RM1.29 per share for a total of RM6.64mil.
The shares were purchased from the open market which was the latest transaction since Tuesday, when it bought 22 million shares at RM1.29 also.
On Tuesday, Felda had on Tuesday issued an offer document in relation to its unconditional mandatory takeover offer for all of FGV shares which it does not own, except treasury shares.
The cash offer of RM1.30 per share would be opened for acceptances until 5pm on Feb 2,2021, unless extended or revised with an announcement to be made by Maybank Investment Bank Bhd (Maybank IB) two days prior to the closing date.
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