Felda refuse to make another offer (but rather to delay the privatization) is it because it will set a ceiling price which Felda thinks deem unreasonable if Felda unable to secure the threshold requirement
Does it mean that any price movement(controlled or dictate) is unofficially offer to remaining shareholders rather then make it official

Felda holds more than 80% thus any price movement is very much controlled
Bursa cannot turn to blind eye or deaf ear but needs a decisive solution as to where the direction heading as it had dragged for far too long

Bursa need to give ultimatum answer answerable to all stakeholders as an independent institute responsible for maintaining market integrity and regulation

Bursa as a regulator has a fiduciary duty to ensure fairness and equitable to all stakeholder despite given ample time to Felda to regularize its restructuring plan amid the extension expired in August 2022
Obviously Felda have no efforts at all in its latest announcement with a mere suggestion not even a detail restructuring plan that should have done right after the last extension expired

Look forward another piece of good new to announce by Felda regarding its privatization development

Heavyweight Sime Plantation released a sterling quarterly earning results for year ended 31/12/22 with accumulated revenue surpassed RM21 billion
On the other hand, Fgv revenue for 9 months already hit RM19 billion and counting for period ending 31/12/22
By comparison Fgv is grossly undervalued comparing with its peer

It's time for the corporate earning results announcement amid judging by the ques sell volumes getting thinner by the day in anticipation for another strong positive results and news of its latest development on privatization

Let's decide what Felda going to offers in the next quarterly announcement since indicating consulting with advisor the options available for its restructuring plan

Past months Fgv share price has been hovering(or suppression) at most in previous offer price plus shares mopped up should be a good indication privatization is still intact

Bursa as a regulator has a fiduciary duty to ensure fairness and equitable to all stakeholder despite given ample time to Felda to regularize its restructuring plan amid the extension expired in August 2022

Roughly about 661 million FGV shares does not owned by Felda of which only takes 8% to cross 91% threshold

let's give the benefit of the doubt to Bursa to query latest development made by Felda on mopping up more FGV shares prior the next announcement on what course of action to be taken amid looming deadline of regulatory requirement

this is absurd, how come bursa keep silent or inaction against majority shareholder particularly felda on this controversial issue

the price has fall to previous offer of RM1.30 is it an indication that a new offer price is on the horizon

It's time for a fresh face to restore the integrity of market regulation without fear or favour to government link company

https://www.dagangnews.com/content/fgv-public-shareholding-spread-will-bursa-crack-whip-20847

capital market regulation at its worst still nothing announcement made to address to resolve the public shareholding shortfall

come on Felda! dont put on a show present some concrete effort

Felda can't even give a dateline to come up with a plan let alone plead with bursa to be given more time !

do you(Felda) acknowledged that your actions put regulator, public investors in bad faith with same lame excuses with no urgency to resolve the issue going nowhere

what is the rational bursa to suspense the trading of FGV if the suspension doesn't have any effects on the public shareholding spread since for the past 2 years felda ignorance to rectify the shortfall and continue to suppress the share price to collect it cheap when FGV financial health begin to see improvements