PETALING JAYA: The Federal Land Development Authority (Felda) says it has dispatched the offer documents for its plan to privatise FGV Holdings Bhd
, with the offer closing at 5pm on Monday, July 7, 2025, unless extended.
In a filing with Bursa Malaysia, Felda said the offer, made via Maybank Investment Bank (Maybank IB), will remain open for acceptance until the first closing date or such later date as may be determined and announced by Maybank IB on its behalf.
The offer forms part of Felda’s unconditional voluntary takeover bid to acquire all remaining FGV shares at RM1.30 each.
Despite holding a collective 82.34% stake through Felda and its subsidiary, Felda Holdings Co Sdn Bhd, the agency said it has limited influence over FGV’s management as it does not control the board.
“Upon successful privatisation, Felda will be better positioned to enhance FGV Group’s operational and financial efficiencies by streamlining its upstream and downstream plantation operations.” — Bernama
