Write an article about Felda extends FGV takeover offer closing date to Aug 15 .Organize the content with appropriate headings and subheadings (h1, h2, h3, h4, h5, h6), Retain any existing tags from FGV Holdings Bhd debuted on the Bursa Main Market in 2012 at RM4.55 a share, raising RM10.5 billion in one of Malaysia’s largest initial public offerings.
KUALA LUMPUR: The Federal Land Development Authority (Felda) today announced an extension of its unconditional voluntary takeover offer for the remaining shares in FGV Holdings Bhd, setting 5pm on Friday, Aug 15, 2025, as the 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 5pm 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% of the total issued shares of the company.
They had 3.19 billion shares or 87.46% 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 takeover offer.
FGV, which made its Bursa Malaysia Main Market debut in 2012 at RM4.55 a share, raised RM10.5 billion in one of Malaysia’s largest initial public offerings.
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