KUALA LUMPUR, July 4 — The Federal Land Development Authority (Felda) on Thursday announced the extension of its unconditional voluntary take-over offer for the remaining shares in FGV Holdings Bhd, giving 5 pm, Friday, Aug 15, 2025, as its second and final closing date for acceptances.
“There will be no further extension of the closing date of the offer thereafter,” Maybank Investment Bank Bhd (Maybank IB) said in a statement on Felda’s behalf.
Felda posted the offer document for its plan to privatise FGV Holdings on June 16, with the offer of RM1.30 per share scheduled to close at 5 pm on Monday, July 7, 2025, unless extended.
As of today, Felda and its parties acting in concert (PACs) hold a total of 3.24 billion FGV shares, representing 89 per cent of the total issued shares of the company. They had 3.19 billion shares or 87.46 per cent as at the posting date.
“Holders who have yet, but wish to accept the offer are advised to refer to the offer document for the details, terms and conditions of the offer and the procedures for acceptance of the offer and carefully consider the independent advice circular dated June 26, 2025, before making any decision,” the statement said.
To recap, on May 26, 2025, Maybank IB had, on behalf of the offeror, served the notice on the FGV board, informing Felda’s intention to undertake an unconditional voluntary take-over offer.
