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The offer of 1.30 is unworkable as FGV is already a turnaround positive earnings company, it’s IPO price was 4.60 and couple with high price of CPO for this few months and will continue until next year of second half, it is very difficult for shareholders of FGV to accept the price of 1.30, the US dollar index keep coming down are good for many commodities, the price is keep on going upside and the unfavourable weather also plays a factor in pushing soybeans price and CPO to maintain and going upside until second half of the year. The acquisition side has to raise the the price in order to put the acquisition successful......
Yutaka.......no way lah, they are many small felda holders still holding the stock, do you think the government don't want to consider the felda settlers feelings if they privatise at such a low price.