Settlers to benefit from Felda's majority stake in FGV
Speaking to reporters after attending the Felda Settlers' Appreciation Ceremony here today, he noted that the Pahang and Sabah state governments have also become shareholders in FGV following the company's delisting from the Main Market of Bursa Malaysia.
He said the full acquisition process will be finalised by Bursa Malaysia, and the profits thereof will be channelled to the settlers.
In a filing with Bursa Malaysia on Tuesday, FGV announced that Felda has acquired 91.73 per cent of FGV's total issued shares.
FGV's shares are expected to be suspended from trading five market days after the offer closes, which falls on Aug 15. – BERNAMA
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