KUALA LUMPUR – The Federal Land Development Authority (Felda) will be able to independently chart FGV Holdings Bhd’s future once the company’s delisting from Bursa Malaysia begins on August 28, said Prime Minister Datuk Seri Anwar Ibrahim.
He said the move will empower Felda—alongside its cooperative and settlers—to realign its focus with its founding mission of safeguarding the rights, income, and welfare of settlers.
“Starting August 28, the delisting process can proceed. This marks Felda’s freedom to determine its own direction. Felda is a strong institution and can now assure the Federal Land Development Authority Malaysia Cooperative (KPF) that the interests and benefits of settlers will remain central,” Anwar said.
He made the remarks at the launch of the Mega 3D Carnival 2025 on Saturday.
Anwar added that the delisting reflects Felda’s improved management, and the emphasis should now shift to ensuring its initiatives are effectively implemented in line with settlers’ priorities.
He also said the government, together with Felda chairman Datuk Seri Ahmad Shabery Cheek, will provide clear direction to ensure FGV’s operations return to Felda’s original objectives.
Earlier, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi announced that Felda now owns 92% of FGV shares, paving the way for full control and corporate restructuring.
In a filing to Bursa Malaysia on Tuesday, FGV confirmed that Felda had acquired 91.73% of its total issued shares.
FGV shares are expected to be suspended from trading five market days after the offer for the remaining shares closes on August 15.
