FGV Holdings Bhd
shares will be suspended on Monday (Aug 25) pending the withdrawal of its listing status on Bursa Malaysia following the Federal Land Development Authority’s (Felda) successful takeover bid.
The federal agency and persons acting in concert have acquired some 95% of FGV shares at RM1.30 a share in the second attempt at taking the company private. The offer price is at a 71% discount to its listing price 13 years ago.
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