Posted by 8888_ > 2021-01-14 08:07 | Report Abuse

RHB not FGV privatisation adviser? Why he join Robert Kuok(RK) group? Ask RK takeover the best offer?

Posted by 8888_ > 2021-01-14 08:09 | Report Abuse

If Felda don't want outsiders takeover why must Felda do?

Posted by strattegist > 2021-01-14 09:10 | Report Abuse

relax

Posted by Mabel > 2021-01-14 09:29 | Report Abuse

Very Interesting news 8888. Thanks for sharing.

Robert Kuok is Malaysia’s richest person with a net worth of US$17.9 billion, according to the Bloomberg Billionaires Index. He also controls Singapore-listed Wilmar International Ltd, the world’s biggest palm oil producer, as well as real estate developer Kerry Properties Ltd and hotel operator Shangri-La Asia Ltd, both of which are listed in Hong Kong.

Mabel 12th Plantation PPB is part of Robert Kuok's Wilmar Plantation.

What is interesting is Plantation giant FGV Holdings Bhd has appointed RHB Investment Bank Bhd as its independent adviser, following the takeover offer by Federal Land Development Authority (Felda). Robert Kuok could be another potential contender to take over FGV beside Tan Sri Syed Mokhtar.

Meow Meow Meow

Posted by UlarSawa > 2021-01-14 09:49 | Report Abuse

Robert Kuok takeover fgv. zero chances as FGV is part of felda. So impossible. dont speculate unrealistic thing will happen. correct?

Posted by Mabel > 2021-01-14 09:59 | Report Abuse

To be honest, anything is possible...

Remember, we are living in the land of many U Turns...

Meow

Posted by xiaomingz > 2021-01-14 10:05 | Report Abuse

wanna ask if you would choose to sell or just accept the take over offer at 1.30? some might just keep Im just abit uncertain hahahah

Posted by strattegist > 2021-01-14 10:10 | Report Abuse

just do nothing and relax...

Posted by Poh Chye > 2021-01-14 10:16 | Report Abuse

with the emergency, most funds (especially overseas) have no choice but to sell their positions. Not good for the minority opposing this privatization.

Posted by UlarSawa > 2021-01-14 10:20 | Report Abuse

Robert Kuok has been scaling down Msia businesses. sold msia business mana ada chance want to invest more. FGV involve many settlers are Bumi status. Non Bumi can own kah. unlikely lah. Correct?

Posted by xiaomingz > 2021-01-14 10:55 | Report Abuse

after all, we all just wanna earn only hahaha

Posted by 500Bilis > 2021-01-14 10:57 | Report Abuse

A question many would like to know the answer is probably the best next action to do before Feb 2nd.

Sell now?
Accept RM1.30 offer?
Or Reject and hold for a possible revised Offer Price?

Just my 2sen - I would opt for the latter!

Cheers

Posted by strattegist > 2021-01-14 11:36 | Report Abuse

cool

Posted by WanEmdibi > 2021-01-14 12:57 | Report Abuse

Maybank nominees given deadline 20th January by maybank. cannot wait 2 days before Feb 2. Anyone else get this from Maybank?

Posted by UlarSawa > 2021-01-14 13:56 | Report Abuse

havent get my letter. Maybank kasi 20th jan deadline. ini macam how. force to accept early kah. if ada offer lebih tinggi kira bonus lah. No choice lah. deadline like this. I will redeem FD lah. Correct?

Posted by UlarSawa > 2021-01-14 14:04 | Report Abuse

those want to reject the offer. sendiri tangguh risiko. FGV FD promosi ended at here at rm1.30. janji ditepati dalam jangka masa 2 bulan je. dapat FD rate few times better than bank rates. Well Done. Future apa nak jadi whether price up or down has nothing to do with FGV FD promoters any more. jangan ada something not nice happen later nak fitnah FGV FD promoters. Ini macam takda baik lah. Mau fair sikit ok. Correct?

Posted by Mabel > 2021-01-14 14:12 | Report Abuse

Mabel would like FGV either under be Tan Sri Syed Mokhtar or Robert Kuok..

So Mabel will do nothing,

Worst case scenario is RM 1.30
Best Case scenario will be like my Blue Chip Plantation Mah...

Meow

Posted by 8888_ > 2021-01-14 14:30 | Report Abuse

22 million FGV at 1.29 Felda bought more.

Posted by 8888_ > 2021-01-14 14:32 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3121098

Posted by lee9fold > 2021-01-14 15:02 |

Post removed.Why?

Posted by dam82 > 2021-01-14 15:03 | Report Abuse

gone case .... Emergency till August which means no poilitical change .. Pak Din will be the hero for FELDA and FGV tong sampah ....

Posted by strattegist > 2021-01-14 15:10 | Report Abuse

Mabel, I would also do nothing... just relax and let it be...

Posted by UlarSawa > 2021-01-14 15:26 |

Post removed.Why?

Posted by lee9fold > 2021-01-14 15:42 |

Post removed.Why?

Posted by Lukey_Greek > 2021-01-14 15:57 | Report Abuse

In CGS-CIMB strategy note issued today, foreign institution just bought another RM84.9m nett (1.8% of total shares issued) FGV shares last week.

If the share price above 1.30, the MGO is failed. Even now not much selling volume at 1.30.

Posted by 500Bilis > 2021-01-14 16:06 | Report Abuse

At 4.04pm, 348,300 shares transacted at RM1.30

Why wanna accept offer at RM1.30?

Posted by strattegist > 2021-01-14 16:38 | Report Abuse

relax

Posted by TheContrarian > 2021-01-14 18:33 | Report Abuse

Sold some at RM1.30 for 10% gain at 4.50 pm today.

Posted by Mabel > 2021-01-14 22:30 | Report Abuse

KUALA LUMPUR (Jan 14): The Federal Land Development Authority (FELDA) bought 22 million shares in FGV Holdings Bhd in the open market yesterday for RM28.38 million as part of its efforts to take the plantation company private.

The shares were bought at RM1.29 per share, slightly lower than the RM1.30 cash offer FELDA made for FGV shares, according to a statement from Maybank Investment Bank (Maybank IB).

On Tuesday, FELDA issued an offer document in relation to its unconditional mandatory takeover offer for all remaining ordinary shares in FGV which it does not already own.

The agency said the cash offer of RM1.30 per share is open for acceptances until Feb 2 unless extended or revised with an announcement to be made by Maybank IB.

Maybank IB is the principal adviser to FELDA for the offer document.

On Dec 8, FELDA proposed to launch the takeover offer after acquiring 222.48 million FGV shares (a 6.1% stake) held by Retirement Fund (Incorporated) (KWAP) and 283.71 million FGV shares (a 7.78% stake) held by Urusharta Jamaah Sdn Bhd for RM658 million cash.

The acquisitions raised FELDA's stake in FGV to 50.49%, triggering the requirement for the agency to extend the unconditional mandatory takeover offer.

FELDA said it does not intend to maintain the listing status of FGV on the Main Market of Bursa Malaysia.

https://www.theedgemarkets.com/article/felda-buys-22-million-fgv-shares-open-market-below-cash-offer-price

Posted by Mabel > 2021-01-14 22:31 | Report Abuse

#strattegist Mabel, I would also do nothing... just relax and let it be...
14/01/2021 3:10 PM

#500Bilis At 4.04pm, 348,300 shares transacted at RM1.30

Why wanna accept offer at RM1.30?
14/01/2021 4:06 PM

Mabel would like FGV either be with Tan Sri Syed Mokhtar or Robert Kuok..

So Mabel will do nothing,

Worst case scenario is RM 1.30
Best Case scenario will be like my Blue Chip Plantation Mah...

Meow Meow Meow

Posted by strattegist > 2021-01-15 09:29 |

Post removed.Why?

Posted by 8888_ > 2021-01-15 10:34 | Report Abuse

Why volume traded so low after 1.5 hours trading? Can Felda accumulate enough to delist FGV?

Posted by Mabel > 2021-01-15 10:40 | Report Abuse

#Lukey_Greek In CGS-CIMB strategy note issued today, foreign institution just bought another RM84.9m nett (1.8% of total shares issued) FGV shares last week.

If the share price above 1.30, the MGO is failed. Even now not much selling volume at 1.30.
14/01/2021 3:57 PM

Thanks Lukey_Greek!

Based on the latest development

Quoted the following from CGS-CIMB strategy note dated 5th Jan 2021:

"Interestingly, FGV emerged as the top buy list of foreign investors last week after FELDA's takeover offer for FGV at RM1.30 per share became unconditional."

In CGS-CIMB strategy note issued today, foreign institution just bought another RM84.9m nett (1.8% of total shares issued) FGV shares. That’s another 65 million shares"

This week, (Jan 14): The Federal Land Development Authority (FELDA) bought 22 million shares in FGV Holdings Bhd in the open market yesterday for RM28.38 million as part of its efforts to take the plantation company private.

Based on the above these Private Shareholders now own about 45.85 % of the company

Ownership Name Shares Current

1.67% The Vanguard Group, Inc. 61,089,307 MYR78.2m
1.01% Kin-Yan Tan 36,884,500 MYR47.2m
0.88% Hong Leong Asset Management Bhd 32,115,000 MYR41.1m
0.81% CIMB Group Holdings Berhad, Asset Management Arm 29,381,600 MYR37.6m 0
0.78% Dimensional Fund Advisors L.P. 28,540,500 MYR36.5m
0.72% BlackRock, Inc. 26,221,900 MYR33.6m 12.55%
0.57% Ekuiti Yakinjaya Sdn Bhd 20,869,113 MYR26.7m
0.56%Principal Global Investors, LLC 20,516,300 MYR26.3m
0.51% State Street Global Advisors, Inc. 18,486,600 MYR23.7m
0.45% Yayasan Islam Terengganu, Endowment arm 16,455,100 MYR21.1m
0.4% AMMB Holdings Bhd, Asset Management Arm 14,746,000 MYR18.9m
0.32% Teachers Insurance and Annuity Association of America - College Retirement Equities Fund 11,751,200 MYR15.0m
0.081% Standard Life Aberdeen plc 2,968,000 MYR3.8m
0.072% Charles Schwab Investment Management, Inc. 2,637,900 MYR3.4m
0.064% First Trust Advisors L.P. 2,319,300 MYR3.0m 0%
23.6% Mabel and Team (Retailers) 860,928,000 shares
12.56 % Foreign Fund buying from 23 December at RM 1.27 upwards 458,331,100 shares
1.8% % Foreign Fund buying from 4th January at RM 1.28 upwards 65,664,000 shares

Total No of Shares from Private Investors 1,672,781,920 (45.85%)
Total No of Shares from Felda and Team 1,975,218,080 (54.75%)

Based on general consensus Felda need 90% shareholding instead of 75% for complete take over..

Remember, the Cash-strapped FELDA has been looking to issue debt papers to help solve its woes. The green light for a government-guaranteed sukuk was obtained about two months ago. The potential sukuk issue of RM9.9 billion will largely be used to settle existing borrowings, according to Tan Sri Abdul Wahid Omar, who is chairman of a task force set up by the government to revive FELDA.

At a press conference on FELDA’s termination of its land lease agreement with FGV at end-October, Abdul Wahid said, “A chunk of the proceeds of the sukuk will be for the repayment of existing borrowings, and some for working capital.”

To put things into perspective, FELDA has amassed debts of RM10.2 billion.

Still want to go for Privatisation?

Potential is still worth waiting for big capital gain for FGV...

Meow

Posted by strattegist > 2021-01-15 11:41 | Report Abuse

relax

Posted by james8888 > 2021-01-15 12:11 | Report Abuse

Very reliable source from syed morkta office. He is going to offer RM1.41. Do not accept the fgv offer if you received. It will be revised

Posted by strattegist > 2021-01-15 12:52 | Report Abuse

cool

Posted by zhengshem99 > 2021-01-15 12:53 | Report Abuse

should we accept the offer or just wait for a while?

Posted by james8888 > 2021-01-15 13:12 | Report Abuse

Dont accept the offer..

Posted by zhengshem99 > 2021-01-15 13:17 | Report Abuse

james8888, may I know why? I suffer a huge loss from RM1.71 to RM1.29 now....I'm a newbie

Posted by Mabel > 2021-01-15 13:39 | Report Abuse

More than 14,500,000 shares traded and Foreign Funds has not wake up yet!

Wow FGV is getting real HOTS!

Just like Mabel!

Meow Meow Meow

Posted by dex1215 > 2021-01-15 13:42 | Report Abuse

Hi guys, I've received the letter and now im in a dilemma...

1. should i accept the offer at 1.30?
2. and should i not accept, what is going to happen to my shares?

Please do pardon my newbie-ness.

Posted by Mabel > 2021-01-15 13:45 | Report Abuse

dex1215 ,

It's actually your call. Mabel and many of us have already given our views what we intend to do on our respective offer letters. It's a personal judgement.

Please scroll up what was discussed earlier by the Team.

All the best !

Meow

Posted by dex1215 > 2021-01-15 13:50 | Report Abuse

Mabel,

Thank you.

However, if i choose to not accept the offer, what is going to happen to my shares?

Posted by mikeazk > 2021-01-15 15:03 | Report Abuse

Thanks Mabel. I know you mention the price will go higher than 1.3 . Similar with Dex question, what if we do nothing till closing date& time? Is our shares going to be forfeited?

Posted by james8888 > 2021-01-15 15:04 | Report Abuse

Dont accept.. they will revise. If they gain more than 90% u will still get RM1.30

Posted by james8888 > 2021-01-15 15:09 | Report Abuse

We need strength together. IPO was RM4.50. Now they want to buy RM1.30.. thats robbery

Posted by zackboy > 2021-01-15 15:41 | Report Abuse

@mikeazk my remisier told me that after Jan 20 the share will be still traded. Only after Felda gets 75% of the shares, and announce the date to delist FGV. My opinion also don't accept.

Posted by strattegist > 2021-01-15 16:19 | Report Abuse

relax

Posted by Wesley Lim > 2021-01-15 16:37 | Report Abuse

Fgv looks desperate to acquire and delist. Just hold your shares and they must revise up if they want to acquire enough

Posted by viruskiller > 2021-01-15 16:58 | Report Abuse

all sifu shall i accept the offer or how , when will they delist? understand they need to get 90%.