Latest news with #SalinaSamsudin
The Star
26-05-2025
- Business
- The Star
FGV receives unconditional takeover offer from Felda at RM1.30 per share
KUALA LUMPUR: FGV Holdings Bhd (FGV) has received an unconditional voluntary takeover offer from the Federal Land Development Authority (Felda), which seeks to acquire all remaining shares in the company not already under its control. In a notice issued by Maybank Investment Bank Bhd on behalf of Felda, the offer proposes a cash consideration of RM1.30 per share for all outstanding ordinary shares of FGV not currently held by Felda. As of May 20, 2025, FGV's total issued share capital stood at RM7.02 billion, comprising 3.64 billion ordinary shares and one special share held by the Minister of Finance (Incorporated). Felda currently owns 69.50 per cent of FGV's equity, amounting to 2.53 billion shares. With this new offer, Felda and its parties acting in concert (PACS) collectively hold a controlling stake of 86.93 per cent in the plantation and agribusiness giant. The PACS include Felda's wholly owned subsidiary, Felda Asset Holdings Company Sdn Bhd, together with the Pahang state government. Other PACs include Koperasi Kakitangan Felda Malaysia Bhd, whose board consists of Felda management, as well as Sulong Jamil Mohamed Shariff and his wife, Salina Samsudin. The offer would be formally presented to shareholders via an offer document, which outlines the terms, conditions, and acceptance procedures. "This document, along with the relevant forms, will be dispatched once the Securities Commission confirms that it has no further comments on its contents,' it said. The move signals Felda's continued efforts to consolidate control over FGV, following previous strategic manoeuvres to increase its stake in the company. The offer by Felda to acquire remaining shares in FGV would remain open for acceptance for a minimum of 21 days from the posting date, with a closing time of 5 pm. The offer period may be extended at Felda's discretion, with any changes to the closing date to be announced by Maybank Investment Bank at least two days in advance. The offer may only be withdrawn with written consent from the Securities Commission, in which case all obligations under the offer would be voided. - Bernama
The Sun
22-04-2025
- Politics
- The Sun
Bailey bridge to temporarily replace collapsed Sg Liat Bridge by April 30
SUNGKAI: The Bailey bridge, which will temporarily replace the collapsed Sungai Liat Bridge, is expected to be operational by April 30, said Deputy Works Minister Datuk Seri Ahmad Maslan. He said the road leading to the bridge must first be repaired, while the construction of the 46-metre-long bridge will commence tomorrow and is expected to be completed by April 27. 'We hope it can be completed as scheduled, as residents in the vicinity use this route daily,' he said after visiting the collapse site at Felda Sungai Klah. Also present was Behrang assemblyman Salina Samsudin. On April 20, the Sungai Liat Bridge collapsed, cutting off access to Felda Residence Hot Spring, Kampung Tisong and the Buyong Mas Sanctuary Campsite. The collapse left 136 individuals stranded, including 81 students from a local polytechnic living in the area. Yesterday, state executive councillor for Infrastructure, Energy, Water and Public Transport, Datuk Seri Mohammad Nizar Jamaluddin, announced that the collapsed bridge will be temporarily replaced with a Bailey bridge. Meanwhile, Deputy Works Minister Ahmad Maslan said the permanent bridge at the site is estimated to cost around RM3 million. Salina hoped the bridge could be completed as scheduled, as residents in the affected areas currently have to use an alternative route to reach Sungkai town. 'The 1.7-kilometre detour passes through an oil palm plantation and can only be used by those with four-wheel drive vehicles,' she said.
The Sun
22-04-2025
- Politics
- The Sun
Bailey bridge to temporarily replace collapsed Sg Liat Bridge
SUNGKAI: The Bailey bridge, which will temporarily replace the collapsed Sungai Liat Bridge, is expected to be operational by April 30, said Deputy Works Minister Datuk Seri Ahmad Maslan. He said the road leading to the bridge must first be repaired, while the construction of the 46-metre-long bridge will commence tomorrow and is expected to be completed by April 27. 'We hope it can be completed as scheduled, as residents in the vicinity use this route daily,' he said after visiting the collapse site at Felda Sungai Klah. Also present was Behrang assemblyman Salina Samsudin. On April 20, the Sungai Liat Bridge collapsed, cutting off access to Felda Residence Hot Spring, Kampung Tisong and the Buyong Mas Sanctuary Campsite. The collapse left 136 individuals stranded, including 81 students from a local polytechnic living in the area. Yesterday, state executive councillor for Infrastructure, Energy, Water and Public Transport, Datuk Seri Mohammad Nizar Jamaluddin, announced that the collapsed bridge will be temporarily replaced with a Bailey bridge. Meanwhile, Deputy Works Minister Ahmad Maslan said the permanent bridge at the site is estimated to cost around RM3 million. Salina hoped the bridge could be completed as scheduled, as residents in the affected areas currently have to use an alternative route to reach Sungkai town. 'The 1.7-kilometre detour passes through an oil palm plantation and can only be used by those with four-wheel drive vehicles,' she said.
Malay Mail
22-04-2025
- Politics
- Malay Mail
Temporary Bailey bridge at Perak's Sg Liat site to be completed by April 30 after collapse cuts off access
SUNGKAI, April 22 — The Bailey bridge, which will temporarily replace the collapsed Sungai Liat Bridge, is expected to be operational by April 30, said Deputy Works Minister Datuk Seri Ahmad Maslan. He said the road leading to the bridge must first be repaired, while the construction of the 46-metre-long bridge will commence tomorrow and is expected to be completed by April 27. 'We hope it can be completed as scheduled, as residents in the vicinity use this route daily,' he said after visiting the collapse site at Felda Sungai Klah. Also present was Behrang assemblyman Salina Samsudin. On April 20, the Sungai Liat Bridge collapsed, cutting off access to Felda Residence Hot Spring, Kampung Tisong and the Buyong Mas Sanctuary Campsite. The collapse left 136 individuals stranded, including 81 students from a local polytechnic living in the area. Yesterday, state executive councillor for Infrastructure, Energy, Water and Public Transport, Datuk Seri Mohammad Nizar Jamaluddin, announced that the collapsed bridge will be temporarily replaced with a Bailey bridge. Meanwhile, Deputy Works Minister Ahmad Maslan said the permanent bridge at the site is estimated to cost around RM3 million. Salina hoped the bridge could be completed as scheduled, as residents in the affected areas currently have to use an alternative route to reach Sungkai town. 'The 1.7-kilometre detour passes through an oil palm plantation and can only be used by those with four-wheel drive vehicles,' she said. — Bernama
