Felda buys 22mil FGV shares

TheStar Fri, Jan 15, 2021 08:40am - 3 years View Original


Felda had on Tuesday issued an offer document in relation to its unconditional mandatory takeover offer for all of FGV shares which it does not own, except treasury shares.

KUALA LUMPUR: The Federal Land Development Authority (Felda) has bought 22 million shares of FGV Holdings Bhd from the open market on Wednesday as it moves closer to take over the plantation company.

A filing with Bursa Malaysia showed the shares were purchased at RM1.29 each.

Yesterday, FGV closed one sen to RM1.30.

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