Felda’s takeover offer extended


As at Feb 10, the total shares held by Felda and parties acting in concert in FGV amounted to 2.62 billion shares, which is equivalent to a 71.95% stake in the company.

PETALING JAYA: The closing date for the acceptance of the takeover offer by the Federal Land Development Authority (Felda) to acquire the remaining stake in FGV Holdings Bhd has been further extended to March 2 from Feb 16.

As at Feb 10, the total shares held by Felda and parties acting in concert in FGV amounted to 2.62 billion shares, which is equivalent to a 71.95% stake in the company.

According to Maybank Investment Bank Bhd, FGV did not comply with the minimum public shareholding spread requirement of 25%. ─ Bernama

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