Good day all. FGV acquired 4.1M shares on 19-May, but the price on that day ranges from 1.36 to 1.39.. Does that means that FGV will have to up the privatisation price to that range too ? Thanks
Don't bother asking here. You will probably get daunting reply.
Between shareholder to shareholder(i assume you are), below is what I think :
FGV does not adopted Reverse Book Building method, and I guess it would be up to Maybank2u IB to determine the 'unfair offer price'. Don't know how it's calculated - if it's by NTA and future profits, I would think price may be slightly higher due to acquisition of recent MsM assets.
No privatisation price should be lower due to fgv used high price buy lapsap from MSM. People dont want the land already but fgv used high price buy it.
Make sense. Firstly should add more on weakness to save $ privatise balance not owned later.
mikeazk Good day all. FGV acquired 4.1M shares on 19-May, but the price on that day ranges from 1.36 to 1.39.. Does that means that FGV will have to up the privatisation price to that range too ? Thanks 15/06/2021 9:22 AM
@Hidup_PN this brings to my question about FGV public spread. They are already in violation not meeting Bursa's min spread requirement and yet added another 4.1mil shares further reducing it... Not sure what is going on..
Sunshine @Hidup_PN this brings to my question about FGV public spread. They are already in violation not meeting Bursa's min spread requirement and yet added another 4.1mil shares further reducing it... Not sure what is going on.. 15/06/2021 11:24 AM
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) FGV HOLDINGS BERHAD
Particulars of substantial Securities Holder Name FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) Address LEVEL 47, MENARA FELDA, PLATINUM PARK NO.11, PERSIARAN KLCC Kuala Lumpur 50088 Wilayah Persekutuan Malaysia. Company No. LD0200F1956 Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares Details of changes No Date of change No of securities Type of Transaction Nature of Interest 1 19 May 2021 4,107,200 Acquired Direct Interest Name of registered holder FELDA Address of registered holder LEVEL 47, MENARA FELDA, PLATINUM PARK, NO.11, PERSIARAN KLCC, 50088 KUALA LUMPUR Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred Acquisition of 4,107,200 shares in open market Nature of interest Direct Interest Direct (units) 2,398,691,591 Direct (%) 65.751 Indirect/deemed interest (units) 452,921,192 Indirect/deemed interest (%) 12.415 Total no of securities after change 2,851,612,783 Date of notice 08 Jun 2021 Date notice received by Listed Issuer 08 Jun 2021 https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3164903
Yes until today public shareholding spread not rectified One rule for FGV another rule for others? If major shareholder is sincere just increase it to a better offer like IJM plantation.
No worry. Felda holded more then 81% of share already. Now pending umno pahang undertable only. Its call "condition share back". Felda used this method buy back share fgv from tabung haji and epf at price rm1.3. "condition buy back" mean after sussesfully privatisation felda will compasate to the major share holder. The ikan bilis can eat tahi.
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Mabel
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Posted by Mabel > 2021-06-13 23:48 | Report Abuse
No Lah...
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