The FGV logo is pictured at its headquarters in Kuala Lumpur October 9, 2019. — Picture by Choo Choy May
KUALA LUMPUR, Feb 3 — The Federal Land Development Authority has acquired all the remaining 461,500 shares of FGV Holdings Bhd in the open market for RM1.30 per offer share. In a statement today, Maybank Investment Bank Bhd , the principal adviser to Felda on its takeover offer for FGV shares, said the shares were purchased on Tuesday.On Dec 8, Felda, which already had a 21.24 per cent stake in FGV, increased its stake in the company to 35.12 per cent and proposed to take FGV private at RM1.30 a share. — Bernama
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