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FGV Holdings Bhd is set to be delisted from the Main Market of Bursa Malaysia after the Federal Land Development Authority (FELDA) secured 91.73% equity interest under its unconditional voluntary takeover offer.
According to FGV’s filing today, FELDA and its persons acting in concert (PACs) collectively held 3.35 billion shares, or 91.73% of FGV’s total issued shares, as at 5:00pm on July 29, 2025.
As FELDA had previously stated it does not intend to maintain FGV’s listing status, Bursa Securities will suspend the trading of FGV shares five market days after the final closing date of the offer.
FELDA will then take the necessary steps to withdraw FGV’s listing.
The cash offer of RM1.30 per share remains open for acceptance until 5pm on Friday, August 15, 2025.
FGV had received the latest update via a press notice from Maybank Investment Bank Bhd, acting on behalf of FELDA. — TMR
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The post FGV to be delisted as FELDA secures over 90% stake in takeover offer appeared first on The Malaysian Reserve.