Posted by Play4fun > 2021-01-30 20:17 | Report Abuse

If Felda revise its offer price to higher price, then the new offer will also being made available to those who have accepted the offer before, right?

Posted by PunTatBerSiul > 2021-01-30 20:21 | Report Abuse

"Such companies should best remain unlisted. M Shanmugam is the former Specialist Editor of The Star. The views expressed here are his own."

https://www.thestar.com.my/business/business-news/2021/01/30/fgv-more-pain-than-gain

Posted by PunTatBerSiul > 2021-01-30 20:22 |

Post removed.Why?

Posted by PunTatBerSiul > 2021-01-30 20:23 | Report Abuse

"But there is also another view that sees Felda and FGV as political vehicles governing 54 Parliamentary seats. Any amount of money these companies have will never be enough to meet the obligations of the political masters who actually pull the strings of these companies."

Posted by Chua Joe Beng > 2021-01-30 20:31 | Report Abuse

In a separate statement, Maybank Investment Bank Bhd notified that the closing time and date for the shareholders to accept the unconditional mandatory takeover offer has been extended to Feb 16, 2021 at 5 pm, from Feb 2 at 5 pm.

U think FELDA will request d SC to instruct Bursa Malaysia to suspend d trading until d takeover is completed?

Posted by BengKoon > 2021-01-30 20:39 | Report Abuse

Game stop 2.0 on FGV?

Posted by PunTatBerSiul > 2021-01-30 20:46 | Report Abuse

Golden Point to note:

"Any amount of money these companies have will never be enough to meet the obligations of the political masters who actually pull the strings of these companies.""

Posted by Mikecyc > 2021-01-30 21:01 | Report Abuse

FGV献购延至2月16日截止
2021年01月30日
（吉隆坡30日讯）联邦土地发展局（Felda）无条件强制收购FGV控股（FGV，5222，主板种植股）的献议，延长至2月16日截止。

收购案的首席顾问马银行投行发出的通告，指收购献议的截止日期，从原定的2月2日下午5时，延长至16日下午5时。

Posted by Mikecyc > 2021-01-30 21:01 | Report Abuse

截至29日下午5时，土展局手持68.76% FGV控股股权。

周五闭市，FGV控股报1.31令吉，涨1仙或0.77%，成交量1619万200股

Posted by Mikecyc > 2021-01-30 21:02 | Report Abuse

Felda is holding 68.76 % of FGV shares ...

Posted by Mikecyc > 2021-01-30 21:03 | Report Abuse

Getting near to 1st target 75 % ..

Posted by Mikecyc > 2021-01-30 21:05 |

Post removed.Why?

Posted by Mikecyc > 2021-01-30 21:06 |

Post removed.Why?

Posted by Mikecyc > 2021-01-30 21:07 |

Post removed.Why?

Posted by Mikecyc > 2021-01-30 21:08 |

Post removed.Why?

Posted by Mikecyc > 2021-01-30 21:10 |

Post removed.Why?

Posted by Mikecyc > 2021-01-30 21:12 | Report Abuse

Any news on the FGV long term incentive plan of issuing 10 % shares to its employee ???

Posted by Mabel > 2021-01-30 22:32 | Report Abuse

#Mikecyc Haha anyone know of the undisclosed Felda PAC?
30/01/2021 9:10 PM

Mickey,

This is what Mabel gathered:

Undisclosed Felda PAC Team

Lembaga Kemajuan Tanah Persekutuan
Urusharta Jamaah Sdn Bhd
Kumpulan Wang Persaraan
Pahang State Government .5m
Koperasi Permodalan FELDA Malaysia Berhad
Employees Provident Fund of Malaysia
Sabah State Government
Lembaga Tabung Angkatan Tentera (LTAT)

Total Holding as of 30th January 2021 = 2,507,860,328 shares (68.75%)

Private Investors Team

The Vanguard Group, Inc.
Kin-Yan Tan
Hong Leong Asset Management Bhd
CIMB Group Holdings Berhad, Asset Management Arm
Dimensional Fund Advisors L.P.
BlackRock, Inc.
Ekuiti Yakinjaya Sdn Bhd
Principal Global Investors,
State Street Global Advisors, Inc.
Yayasan Islam Terengganu, Endowment arm
AMMB Holdings Bhd, Asset Management Arm
Teachers Insurance and Annuity Association of America - College Retirement Equities Fund
Standard Life Aberdeen plc
Charles Schwab Investment Management, Inc.
First Trust Advisors L.P.
Mabel and Team (Retailers) - 967,653,952 shares (26.53%)

Total Holding as of 30th January 2021 = 1,140,139,672 shares (31.25%)

Meow

Posted by Mabel > 2021-01-31 07:11 | Report Abuse

Private Investors could have a potential swing from Felda Settlers as Koperasi Permodalan FELDA Malaysia Berhad has 173,340,508 shares. This is based on this article from Utusan.

https://www.utusan.com.my/berita/2021/01/jual-saham-fgv-peneroka-keliru/

"Pengerusi Dewan Perniagaan Bumiputera Felda (DPBF) Pahang, Muzammil Mualif bersetuju dengan pandangan Presiden Alumni Majlis Belia Felda Malaysia (AMBFM), Datuk Abdullah Abu Bakar supaya peneroka tidak menjual saham mereka.

Katanya, ia selari dengan penegasan pemimpin dan pegawai tertinggi Felda sebelum ini yang mengingatkan peneroka supaya jangan berbuat demikian".

Here are the updated from what Mabel has gathered:

Undisclosed Felda PAC Team

Lembaga Kemajuan Tanah Persekutuan
Urusharta Jamaah Sdn Bhd
Kumpulan Wang Persaraan
Pahang State Government .5m
Koperasi Permodalan FELDA Malaysia Berhad
Employees Provident Fund of Malaysia
Sabah State Government
Lembaga Tabung Angkatan Tentera (LTAT)
Permodalan Nasional Berhad

Total Holding as of 30th January 2021 = 2,507,860,328 shares (68.75%)

Private Investors Team

The Vanguard Group, Inc.
Kin-Yan Tan
Hong Leong Asset Management Bhd
CIMB Group Holdings Berhad, Asset Management Arm
Dimensional Fund Advisors L.P.
BlackRock, Inc.
Ekuiti Yakinjaya Sdn Bhd
Principal Global Investors,
State Street Global Advisors, Inc.
Yayasan Islam Terengganu, Endowment arm
AMMB Holdings Bhd, Asset Management Arm
Teachers Insurance and Annuity Association of America - College Retirement Equities Fund
Standard Life Aberdeen plc
Charles Schwab Investment Management, Inc.
First Trust Advisors L.P.
Mabel and Team (Retailers) - 967,653,952 shares (26.53%)

Total Holding as of 30th January 2021 = 1,140,139,672 shares (31.25%)

Meow

Posted by BengKoon > 2021-01-31 11:28 | Report Abuse

GameStop 2.0 solidarity?

Posted by stockraider > 2021-01-31 11:34 | Report Abuse

The objective of Felda is privatization that means of getting more than 90% or 95% to be compulsory acquire the rest of the share they did not own mah..!!

Thus it is most likely the current GO price to be raised above Rm 1.30 mah....!!

Stay & wait for this FGV good news coming loh!

Posted by Mabel > Jan 31, 2021 7:11 AM | Report Abuse

Private Investors could have a potential swing from Felda Settlers as Koperasi Permodalan FELDA Malaysia Berhad has 173,340,508 shares. This is based on this article from Utusan.

https://www.utusan.com.my/berita/2021/01/jual-saham-fgv-peneroka-kelir...

"Pengerusi Dewan Perniagaan Bumiputera Felda (DPBF) Pahang, Muzammil Mualif bersetuju dengan pandangan Presiden Alumni Majlis Belia Felda Malaysia (AMBFM), Datuk Abdullah Abu Bakar supaya peneroka tidak menjual saham mereka.

Katanya, ia selari dengan penegasan pemimpin dan pegawai tertinggi Felda sebelum ini yang mengingatkan peneroka supaya jangan berbuat demikian".

Here are the updated from what Mabel has gathered:

Undisclosed Felda PAC Team

Lembaga Kemajuan Tanah Persekutuan
Urusharta Jamaah Sdn Bhd
Kumpulan Wang Persaraan
Pahang State Government .5m
Koperasi Permodalan FELDA Malaysia Berhad
Employees Provident Fund of Malaysia
Sabah State Government
Lembaga Tabung Angkatan Tentera (LTAT)
Permodalan Nasional Berhad

Total Holding as of 30th January 2021 = 2,507,860,328 shares (68.75%)

Private Investors Team

The Vanguard Group, Inc.
Kin-Yan Tan
Hong Leong Asset Management Bhd
CIMB Group Holdings Berhad, Asset Management Arm
Dimensional Fund Advisors L.P.
BlackRock, Inc.
Ekuiti Yakinjaya Sdn Bhd
Principal Global Investors,
State Street Global Advisors, Inc.
Yayasan Islam Terengganu, Endowment arm
AMMB Holdings Bhd, Asset Management Arm
Teachers Insurance and Annuity Association of America - College Retirement Equities Fund
Standard Life Aberdeen plc
Charles Schwab Investment Management, Inc.
First Trust Advisors L.P.
Mabel and Team (Retailers) - 967,653,952 shares (26.53%)

Total Holding as of 30th January 2021 = 1,140,139,672 shares (31.25%)

Meow

Posted by Johnzhang > 2021-01-31 11:51 | Report Abuse

In the light of strong CpO price for awhile, Felda has no choice but to raise the offer price to complete the privatisation . The sole objective for Felda is to take full control of all the plantations leased to FGV for 100 years. Therefore, Felda can not leave things neither here nor there after spending huge sum to raise its stake to 69%. Just my point of view.

Posted by Mabel > 2021-01-31 12:15 | Report Abuse

Felda was supposed to used the 9 billion sukuk to pay its 10.2 billion debt..

Instead, they used the money to buy shares..

Haiyaa... Forever be in debt..

Last year Mabel Fantastic Four donated 400 billions to Felda..

No wonder got so much money to play share market..

Meow

Posted by piranha88 > 2021-01-31 13:34 | Report Abuse

Read that Felda is going round to meet Felda settlers and persuade them to sell their shares. At this time when it's MCO? And how much can they gather this way

Posted by strattegist > 2021-01-31 13:35 |

Post removed.Why?

Posted by Chua Joe Beng > 2021-01-31 13:37 | Report Abuse

The settlers r bounded by agreement with FELDA! Do they hv a choice to choose?

Posted by Play4fun > 2021-01-31 13:55 | Report Abuse

Hopefully FGV wont be the same case like Hlcap, which suspended for few years...

Posted by Mabel > 2021-01-31 13:59 | Report Abuse

Unlikely as this company is the 2nd Biggest IPO in the world after Facebook..

Too much at stakes plus 54 Seats for coming GE 15..

Beside, Sure Government malu...

Meow

Posted by strattegist > 2021-01-31 15:00 | Report Abuse

steady

Posted by CAWALLUK > 2021-02-01 04:40 | Report Abuse

Many thanks to Mabel and others for their information and advice ... I was thinking, what is the point of Felda extending the offer period to 16th Feb at the same price of RM1.30 ? Anyone who
was happy with that price has already sold by now, all the weaklings have been flushed out. The remaining holders are either content to keep the shares or want a higher price.

Posted by strattegist > 2021-02-01 10:17 | Report Abuse

relax

Posted by Mabel > 2021-02-01 22:28 | Report Abuse

Today - The first Monday of February of 2021. There are 28 days and they are distributed in interesting way.
4 Saturdays
4 Mondays
4 Sundays
4 Tuesdays
4 Wednesdays
4 Thursdays
4 Fridays

This month will not repeat except once in 823 years

Oh God, may this month be a good month for all of us here.

My wishes comes the 16th, FGV will not be taken private. Our Tabung Haji has invested RM1.38 billion when purchasing 7.78% of FGV shares on June 28, 2012, at RM4.54 per share. Now TH will get back their money at RM 1.30. There goes some of your TH dividend. Same effect on your EPF, PNB, KWAP and LTAT and Felda is still in debt with RM 10.2 Billion and is still draining tax payer’s money.

Cycle and Carriage run similar exercise last year. The offer was lucrative compare to Felda offer. Yet the Minority Share Holders reject the offer. CCB continue to be listed until today. This year despite Covid 19, Mercedes Benz secured fantastic Sales with more than 176% Growth QoQ and 160% YoY

Meow

Posted by Lukey_Greek > 2021-02-01 22:33 | Report Abuse

Felda managed to get close to 70% shareholding as at last Friday. I pressume all the government related companies have taken up the MGO offer, e.g. Kerajaan Negeri Pahang (5%), Sawit Kinabalu SB (Investment arm of state government of Sabah) (2.26%), EPF (3.39%), LTAT, Amanah etc...

As highlighted above, it make no sense extension with the same offer price. Retail investors will not take up the offer to realize a substantial loss, when everyone know the coming quarter result will be much higher than 3Q20.

As per Malaysia External Trade Statistics released by Department of Statistics Malaysia, exports of palm oil and palm oil-based agriculture products are expanded by 66.9 per cent from RM3.9 billion to RM6.5 billion

Posted by strattegist > 2021-02-01 23:09 | Report Abuse

cool

Posted by strattegist > 2021-02-02 07:38 | Report Abuse

relax

Posted by ctw101 > 2021-02-02 08:31 | Report Abuse

i have a feeling the extension is for them to go all the way to handle/side arrangement with the Felda settlers. What are the % they are holding ? any idea?

Posted by Mabel > 2021-02-02 08:54 | Report Abuse

#ctw101 i have a feeling the extension is for them to go all the way to handle/side arrangement with the Felda settlers. What are the % they are holding ? any idea?
02/02/2021 8:31 AM

Private Investors could have a potential swing from Felda Settlers as Koperasi Permodalan FELDA Malaysia Berhad has 173,340,508 shares. This is based on this article from Utusan.

"Pengerusi Dewan Perniagaan Bumiputera Felda (DPBF) Pahang, Muzammil Mualif bersetuju dengan pandangan Presiden Alumni Majlis Belia Felda Malaysia (AMBFM), Datuk Abdullah Abu Bakar supaya peneroka tidak menjual saham mereka.

Katanya, ia selari dengan penegasan pemimpin dan pegawai tertinggi Felda sebelum ini yang mengingatkan peneroka supaya jangan berbuat demikian".

Meow

Posted by ctw101 > 2021-02-02 09:45 | Report Abuse

Thanks. Hope they meant what they said. :)

Posted by strattegist > 2021-02-02 10:19 | Report Abuse

relax

Posted by EVO118 > 2021-02-02 14:03 | Report Abuse

I think everybody Is waiting for the market reaction to the verdict on TS Isa Samad tomorrow. Might have some implications.

Posted by strattegist > 2021-02-02 14:59 | Report Abuse

cool

Posted by zackboy > 2021-02-02 16:29 | Report Abuse

test

Posted by cariosa > 2021-02-02 16:38 | Report Abuse

I’m Maria from Maybank Investment Bank, would like to inform you that:

Unconditional Mandatory Take Over Offer in FGV Holdings Berhad (5222) by FELDA at following options (Extended) :-

Cash offer : *RM1.30* per share


Total share holdings: 6,000 units

Management Fees: RM 15.00

Now Felda already achieve 69.94% acceptance.
If they achieve more than 75% acceptance, they do not wish to maintain listing.

*Appreciate your reply by 10.00am, 08/2/2021*

If we do not receive your reply, we would assume you are not interested to take up the offer without further reminders to you.

Thank you.

Maria
03-22978000
1300 88 8488

I got this message from Maybank. Is it true?

Posted by strattegist > 2021-02-02 21:17 | Report Abuse

relax

Posted by Mabel > 2021-02-03 00:45 | Report Abuse

cariosa ,

Your question has been discussed many times. Please scroll up...

Meow

Posted by cheated > 2021-02-03 07:39 | Report Abuse

Why Maybank like to cheat? Only 65.915% acceptance not earlier 69.94% different of 4.025%.

Posted by zackboy > 2021-02-03 08:18 | Report Abuse

I think this bank got commissions by recommending ppl to sell their FGV shares.

Posted by strattegist > 2021-02-03 09:45 | Report Abuse

relax

Posted by newbie5354_ > 2021-02-03 10:19 | Report Abuse

Which circular? Bursa news no need to see?

rohank71 its is 69.94%. look at circular issued yesterday. looks like delisting is very possible sad day for all of us.
03/02/2021 8:51 AM

Posted by Laiks1970 > 2021-02-03 10:42 | Report Abuse

For sharing:

If more than 75% but less than 90% of the FGV shares are held by the offeror and the person acting in concert with him pursuant to offer, the offeror will not be taking steps to address any shortfall in the Public Spread Requirement and request FGV to make the necessary application to withdraw its listing status from the official list via a general meeting to be convened to obtain approval from the majority shareholders of FGV in accordance with Paragraph 16.06 of the Listing Requirement.