{"id":8088,"date":"2021-02-04T12:41:51","date_gmt":"2021-02-04T04:41:51","guid":{"rendered":"https:\/\/newmalaysiatimes.com\/?p=8088"},"modified":"2021-02-04T12:41:52","modified_gmt":"2021-02-04T04:41:52","slug":"felda-acquires-additional-4-63-mln-fgv-shares-from-open-market","status":"publish","type":"post","link":"https:\/\/newmalaysiatimes.com\/?p=8088","title":{"rendered":"Felda acquires additional 4.63 mln FGV shares from open market"},"content":{"rendered":"\n

KUALA LUMPUR, Jan 4 — The Federal Land Development Authority (Felda) has acquired an additional 4.63 million shares of FGV Holdings Bhd (excluding treasury shares) in the open market for RM1.30 per offer share.<\/p>\n\n\n\n

In a statement on Thursday,\u00a0Maybank\u00a0Investment Bank Bhd (Maybank IB),\u00a0the principal adviser to Felda on its takeover offer for\u00a0FGV shares,\u00a0said the shares were\u00a0purchased on Wednesday.<\/p>\n\n\n\n

\"felda\"<\/figure><\/div>\n\n\n\n

Maybank IB said the acquisition also included all FGV shares under its long-term incentive plan.<\/p>\n\n\n\n

On Dec 8, Felda announced that it intends to make a mandatory takeover offer to FGV\u2019s minority shareholders at RM1.30 per share, should it be able to raise its stake in the FGV. <\/p>\n\n\n\n

With the shares acquired, Felda, which already had a 21.24 per cent stake in FGV, increased its stake in the company to 35.12 per cent.<\/p>\n\n\n\n

BERNAMA<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

KUALA LUMPUR, Jan 4 — The Federal Land Development Authority (Felda) has acquired an additional 4.63 million shares of FGV…<\/p>\n","protected":false},"author":1,"featured_media":8089,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[],"class_list":["post-8088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"featured_image_urls":{"full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/02\/f9f76765d0453b38c9f56a089be922125f55f33d811f8.jpg",1076,593,false],"thumbnail":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/02\/f9f76765d0453b38c9f56a089be922125f55f33d811f8-150x150.jpg",150,150,true],"medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/02\/f9f76765d0453b38c9f56a089be922125f55f33d811f8-300x165.jpg",300,165,true],"medium_large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/02\/f9f76765d0453b38c9f56a089be922125f55f33d811f8-768x423.jpg",640,353,true],"large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/02\/f9f76765d0453b38c9f56a089be922125f55f33d811f8-1024x564.jpg",640,353,true],"1536x1536":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/02\/f9f76765d0453b38c9f56a089be922125f55f33d811f8.jpg",1076,593,false],"2048x2048":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/02\/f9f76765d0453b38c9f56a089be922125f55f33d811f8.jpg",1076,593,false],"newsium-slider-full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/02\/f9f76765d0453b38c9f56a089be922125f55f33d811f8.jpg",1076,593,false],"newsium-featured":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/02\/f9f76765d0453b38c9f56a089be922125f55f33d811f8.jpg",1024,564,false],"newsium-medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/02\/f9f76765d0453b38c9f56a089be922125f55f33d811f8.jpg",720,397,false]},"author_info":{"info":["Editor"]},"category_info":"Business<\/a>","tag_info":"Business","comment_count":"0","_links":{"self":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/8088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8088"}],"version-history":[{"count":1,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/8088\/revisions"}],"predecessor-version":[{"id":8090,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/8088\/revisions\/8090"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/media\/8089"}],"wp:attachment":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}