FGV to Be Delisted as Felda Completes Takeover

KUALA LUMPUR: FGV Holdings Bhd will be officially delisted from Bursa Malaysia on Thursday (Aug 28), marking the completion of the Federal Land Development Authority’s (Felda) long-standing bid to take the plantation giant private.

In a filing today, FGV said its entire issued share capital will be removed from the exchange’s official list at 9am. The move follows Felda’s successful acquisition of a 94.97% stake at the close of its unconditional takeover offer on Aug 15, which triggered the suspension of FGV shares on Aug 22.

FGV delisting

Dissenting shareholders have until Jan 15, 2026 to sell their remaining shares to Felda at RM1.30 each.

Once hailed as one of the world’s largest palm oil IPOs in 2012, FGV now returns to full Felda control. Prime Minister Datuk Seri Anwar Ibrahim has pledged that the agency will restructure the company to better serve the interests of Felda settlers.

The delisting also ends a turbulent period for FGV, which has grappled with governance issues and has been under a United States import ban since 2020 over alleged forced labour practices.

Business News