Last updated on December 25, 2025
KUALA LUMPUR: FGV Holdings Bhd (KL:FGV) will be suspended from trading on Bursa Malaysia’s Main Market at 9am on Aug 25, 2025, marking the final step towards its privatisation after the Federal Land Development Authority (Felda) completed its takeover bid.
In a filing with Bursa Malaysia, FGV confirmed it had submitted an application to withdraw its listing status pursuant to Paragraph 16.07(a) of the Main Market Listing Requirements.
Felda’s Successful Takeover
Felda’s mandatory takeover offer, launched on May 26, 2025, closed on Aug 15 with acceptances for 3.46 billion shares, giving the authority and its partners a dominant 94.97% stake in FGV. Having crossed the 90% threshold by July 29, Felda gained the right to delist the plantation group.
The bid was spearheaded by Felda Asset Holdings Company Sdn Bhd, a wholly owned unit of Felda, alongside the Pahang state government and other parties acting in concert (PACs), including Koperasi Kakitangan Felda Malaysia Bhd (Felkop) and individuals linked to Felda’s management.
Offer Price vs Valuation
Felda offered RM1.30 per share, the same price as its unsuccessful privatisation attempt in 2020. However, this was below the independent adviser’s valuation of RM1.83–RM1.99 per share. Bursa Malaysia had previously rejected FGV’s proposal in March 2025 to rectify its low public shareholding, which had stayed below 25% since February 2021.
From Mega IPO to Delisting
FGV was once hailed as a Malaysian corporate giant when it raised RM10.5 billion in its 2012 IPO at RM4.55 per share, one of the world’s largest listings that year. Since then, its stock has lost nearly two-thirds of its value.
As of Monday, FGV’s shares were last traded unchanged at RM1.30, valuing the group at RM4.74 billion.
With Felda’s takeover, FGV’s more than decade-long journey as a listed company on Bursa Malaysia is set to conclude.
