KUALA LUMPUR, Aug 27 — FGV Holdings Bhd will be delisted from Bursa Malaysia tomorrow, a move that will give greater latitude to one of the world’s largest crude palm oil producers to strategise and focus mainly on providing greater returns to settlers and value to shareholders.
It brings to close a chapter in the company’s corporate journey, following its mega listing in 2012 after major shareholder Federal Land Development Authority’s (Felda) successful bid to take it private.
The group maintains operations in seven countries across Asia, Europe and North America.
Its core business segments span plantation, oils and fats, sugar, logistics and support, consumer products, and integrated farming and is collectively supported by a workforce exceeding 51,000 employees.
The delisting is undoubtedly a significant development after Felda’s successful acquisition of over 92 per cent of FGV’s shares, surpassing the threshold needed for a voluntary takeover offer.
Prime Minister Datuk Seri Anwar Ibrahim said earlier this month the delisting would allow Felda to chart its own direction and prioritise the interests and well-being of its settlers.
Prior to this, the shares of FGV, which was formerly known as Felda Global Ventures Bhd, were suspended on August 25, 2025 in preparation for the delisting.
In a statement last week, the company said the privatisation enabled Felda, together with its cooperative and settlers, to fully focus on the agency’s original mission of safeguarding the rights, returns, and interests of the settlers.
Irrespective of future developments, the delisting signifies the conclusion of a 13-year corporate journey for the palm oil producer as a listed company, since its debut on the Main Market of Bursa Malaysia on June 28, 2012, at a price of RM4.55.
FGV had made an outstanding opening, chalking up a premium of 84 sen at RM5.39, the price then hovered between a high of RM5.46, rising 20 per cent or a 91 sen premium over the offer price of RM4.55, and a low of RM5.24.
The listing was noted as the world’s second-largest initial public offering (IPO) at that time, after Facebook Inc’s US$16 billion flotation. It drew global attention and marked a significant milestone for Malaysia.
It was especially meaningful for Felda settlers, who stood to benefit from the windfall generated by the exercise.
The strong debut stood out at a time when several high-profile global IPOs such as Formula One’s planned listing in Singapore, which was delayed, and Graff Diamonds’ US$1 billion London IPO, which was abandoned.
The listing showed strong investor support, with the public portion of the IPO receiving 58,526 applications for 565.40 million shares, turning into an oversubscription rate of 6.75 times.
The delisting and privatisation will see FGV as a private entity under Felda, which hold 94.97 per cent of FGV’s issued shares, crossing the 90 per cent threshold required for compulsory acquisition and delisting.
On July 29, Felda had acquired 3.35 billion shares, or 91.73 per cent of the total issued shares of FGV, as of 5pm that day.
Subsequently, on August 15, FGV submitted its application for delisting from Bursa Malaysia’s Main Market, with its shares trading publicly for the last time on August 22.
It was last traded at RM1.30 per share, with 2.76 million shares changing hands.
Subsequent to the delisting, minority shareholders who have yet to accept Felda’s takeover offer may still be subject to compulsory acquisition, paving the way for Felda to eventually secure close to a 100 per cent equity stake in FGV.
At present, FGV stands among the world’s largest crude palm oil (CPO) producers, contributing approximately three per cent to global output and 14 per cent to Malaysia’s total production.
To recap, Felda relaunched its privatisation exercise on May 26, offering RM1.30 per share — the same price as its initial privatisation attempt in 2020.
According to Felda, the exercise is expected to enhance FGV’s operational efficiency, with a realignment of Felda’s organisational structure alongside FGV’s, in order to eliminate redundancies and overlapping functions moving forward.
