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CIMB: Felda has yet to get approvals for a listing date for its plantation unit Felda Global Venture

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Publish date: Fri, 17 Feb 2012, 12:06 AM
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Felda has yet to get approvals for a listing date for its plantation unit Felda Global Venture Holdings (FGVH) despite a deputy minister saying the initial public offering (IPO) was scheduled for May 10, which is expected to be the largest stock debut this year in Malaysia. Felda chairman Tan Sri Isa Abdul Samad said only the prospectus has been recently submitted to the Securities Commission for approval. The FGVH IPO is going through the usual regulatory process and nothing has been finalised at this point, he added. (Malaysian Insider)

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