Posted by strattegist > 2021-10-07 13:54 | Report Abuse

cool

Posted by strattegist > 2021-10-07 13:55 |

Post removed.Why?

Posted by EVO118 > 2021-10-07 15:14 | Report Abuse

So who is buying? Can't be Felda!

Posted by EVO118 > 2021-10-07 15:24 | Report Abuse

Big hurdle trying to get past 1.49. Maybe tomorrow ?

Posted by lofan73 > 2021-10-07 15:34 | Report Abuse

countdown time.

Posted by strattegist > 2021-10-07 16:20 |

Post removed.Why?

Posted by lofan73 > 2021-10-07 16:36 | Report Abuse

battle between smart operators and smart retailers. the smarter greed ones top up n more average up and steady,relax and cool

Posted by lofan73 > 2021-10-07 16:42 | Report Abuse

hidden hands r blocking it...eem,interesting. seems like no hope for FGV. can start to dump? cannot go beyond it? fear? yes ...very fear

Posted by kong73 > 2021-10-07 16:48 | Report Abuse

No fear crude palm oil price average 4700 per MT - gila best

Posted by kong73 > 2021-10-07 16:51 | Report Abuse

Fgv will enjoy super profit all the way until end of the year

Posted by lofan73 > 2021-10-07 16:57 | Report Abuse

no hope aldy. throw all at 1.46

Posted by manahin > 2021-10-07 17:15 | Report Abuse

Hahah!

Posted by strattegist > 2021-10-07 17:43 |

Post removed.Why?

Posted by kong73 > 2021-10-08 00:02 | Report Abuse

Felda 81% must be happy that Fgv share price keeps on improving and trending up due to high cpo price

Posted by kong73 > 2021-10-08 09:02 | Report Abuse

Felda want to privatise FGV hope can improve the offer to above IPO price :-)

Posted by strattegist > 2021-10-08 10:00 |

Post removed.Why?

Posted by Mabel > 2021-10-08 11:24 | Report Abuse

It's looking good...

Meow

Posted by strattegist > 2021-10-08 11:32 |

Post removed.Why?

Posted by EVO118 > 2021-10-08 14:03 | Report Abuse

I am sure Felda's holding is way over the threshold. Is Bursa going to insist they do something about it?

Posted by strattegist > 2021-10-08 15:54 |

Post removed.Why?

Posted by strattegist > 2021-10-08 17:31 | Report Abuse

steady

Posted by calvintaneng > 2021-10-11 08:23 | Report Abuse

Fgv = Full of Golden Value

Posted by strattegist > 2021-10-11 09:36 | Report Abuse

green

Posted by strattegist > 2021-10-11 09:36 | Report Abuse

steady

Posted by strattegist > 2021-10-11 09:37 | Report Abuse

relax

Posted by strattegist > 2021-10-11 09:37 | Report Abuse

cool

Posted by strattegist > 2021-10-11 09:37 |

Post removed.Why?

Posted by kong73 > 2021-10-11 14:50 | Report Abuse

KUALA LUMPUR (March 15): The Federal Land Development Authority (Felda) has failed in its bid to take FGV Holdings Bhd private at RM1.30 per share.

This begs the question of what Felda's alternative plan is since it could not wholly own the plantation group.

Felda only obtained 81% equity interest in the plantation group as the offer closed at 5pm on Monday, according to a filing with Bursa Malaysia.

Posted by kong73 > 2021-10-11 14:51 | Report Abuse

Felda was required to obtain 90% of the shares it did not own from the acceptance of its takeover offer in order to trigger a compulsory share acquisition and to take the listed company private.

This means that the authority will need to have acceptance from shareholders who collectively hold 1.626 billion FGV shares and that will translate into a 95% shareholding, or approximately 3.46 billion shares in the plantation giant.

In the filing, FGV said that Felda, together with the persons acting in concert, held 2.955 billion shares representing a 80.99% stake in FGV as at 5pm today. Felda also received 455,800 shares or 0.1% from shareholders who accepted the takeover offer.

Following the unsuccessful attempt, Felda will now have to address the minimum requirement on public shareholding spread at FGV. Bursa Malaysia requires a public shareholding spread of 25%, as opposed to 19% in FGV currently.

Felda's takeover offer values FGV at RM4.74 billion or RM1.30 per share — a 71.43% discount to its 2012 initial public offering price of RM4.55 per share.

The offer, which was first announced on Dec 7, 2020 and turned unconditional on Dec 23, saw its deadline postponed three times from the original Feb 2 to March 15.

Felda's attempt to take over FGV came at the heels of plans by Felda to terminate its land lease agreement (LLA) with the latter. Under the LLA, FGV leases 350,000ha of plantation land for RM248 million per annum plus 15% profit for a 99-year period. The termination could cost Felda around RM4 billion, according to analysts.

The lower-than-expected profit earned by Felda from the LLA was one of several issues sought to be addressed by the government in the body, following a review by a special task force last year.

What is next for FGV?
The cold shoulder that Felda received from FGV minorities is seen as an indication that the offer price of RM1.30 per share was not that attractive, especially against the back of strong crude palm oil prices. The three-month futures exceeded RM4,000 to RM4,138 on Monday.

It appears that Felda will be back to the drawing board. Will the termination of LLA materialise? If so, will FGV be compensated accordingly?

More importantly, the revamp of FGV seems to have been disrupted by the privatisation exercise, said some analysts. It would be crucial to know what Felda has in the pipeline to rejuvenate the plantation group.


Furthermore, tycoon Tan Sri Syed Mokhtar Albukhary's investment vehicle Perspective Land (M) Sdn Bhd had expressed interest in injecting assets into FGV through a share swap exercise.

However, FGV on March 8 said it was not pursuing the offer, in view of Felda's takeover bid.

Adding a new twist to the slew of events at FGV, the strong rebound of MSM Malaysia Holdings Bhd's share price has fanned speculations about a major corporate exercise brewing at the sugar refinery, in which FGV controls a 51% stake, while Felda owns a 9.43% stake.

Posted by kong73 > 2021-10-11 14:54 | Report Abuse

Right now FELDA just support laaa FGV- no need to proboke proboke

Posted by kong73 > 2021-10-11 14:55 | Report Abuse

Offer 4.55 also minority dun want to sell ma

Posted by Mabel > 2021-10-11 15:23 | Report Abuse

Meow Meow Meow

Posted by strattegist > 2021-10-11 15:40 |

Post removed.Why?

Posted by strattegist > 2021-10-11 17:47 | Report Abuse

closed green

Posted by strattegist > 2021-10-11 17:47 |

Post removed.Why?

Posted by Benhobenhobenho > 2021-10-11 22:46 | Report Abuse

When fgv going to be taken private. Such a loooooooong wait

Posted by Mabel > 2021-10-11 23:18 | Report Abuse

Nice and lovely...

Meow Meow Meow

Posted by strattegist > 2021-10-11 23:37 |

Post removed.Why?

Posted by strattegist > 2021-10-12 12:18 |

Post removed.Why?

Posted by Benhobenhobenho > 2021-10-12 12:50 | Report Abuse

Wait until the cows come home

Posted by strattegist > 2021-10-12 15:01 |

Post removed.Why?

Posted by strattegist > 2021-10-12 17:18 |

Post removed.Why?

Posted by Undi_PKR > 2021-10-13 09:30 | Report Abuse

No wonder Mat Sabu said he also want to be a millionaire, why? Not easy under BN/PN only selected people, cronies can.

Posted by Undi_PKR > 2021-10-13 09:31 | Report Abuse

1.5 FGV why hard even CPO RM 5K? If CPO back to RM 2K like in 2020 or earlier FGV <RM 1?

Posted by strattegist > 2021-10-13 13:27 |

Post removed.Why?

Posted by Benhobenhobenho > 2021-10-13 15:20 | Report Abuse

What a loooooooooooooooooooooooooong wait for fgv to get privatised or is it not going to happen?

Posted by strattegist > 2021-10-13 17:33 |

Post removed.Why?

Posted by Undi_PH > 2021-10-14 05:49 | Report Abuse

Govn is useless to control sharks. Better try PH in GE15 if you care about your money.

Posted by Undi_PH > 2021-10-14 05:57 | Report Abuse

1.61 is 509 share price. If FGV cannot above on good QR or record CPO price this govn everyone must kick them out.

Posted by EVO118 > 2021-10-14 08:28 | Report Abuse

They find that palm oil is too hard a business, so they are diversifying into rice farming. (fragrant rice!). Easier to divert more funds to the settlers, or more leakage.