FGV holdings
The Pahang government’s collaboration in the Federal Land Development Authority’s (Felda) takeover of FGV Holdings Bhd’s remaining shares strengthens FGV’s position and supports Felda’s goal of achieving 90 percent share ownership. Felda, holding 82 percent, relies on Pahang’s 5 percent stake to meet Bursa Malaysia’s threshold. Felda chairperson Ahmad Shabery Cheek highlighted the strengthened ties with Pahang, fostering joint decision-making. Pahang Menteri Besar Wan Rosdy emphasized the state’s commitment to national economic growth and Felda settlers’ welfare. Felda’s RM1.30 per share offer aims to acquire all unowned FGV shares, with support from Felda Asset Holdings Company.
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