Felda buys 41 million FGV shares for RM53.3mil


A filing with Bursa Malaysia showed Felda bought the shares of the plantation company for RM53.3mil or at the takeover offer price of RM1.30.

PETALING JAYA: The Federal Land Development Authority (Felda) has bought 41 million FGV Holdings Bhd shares from the open market on Monday.

A filing with Bursa Malaysia showed Felda bought the shares of the plantation company for RM53.3mil or at the takeover offer price of RM1.30.

Last week, Felda 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 acceptance until 5pm on Feb 2,2021, unless extended or revised with an announcement to be made by Maybank Investment Bank Bhd two days prior to the closing date.

At the close yesterday, shares in FGV ended unchanged at RM1.30.

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