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Felda moves on FGV takeover, buying 22 million shares in open market

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Share prices slump as Felda increases stake in plan to take holding company private FMTNews Felda FGV ShareAcquisition TakeoverOffer

Felda is offering RM1.30 a share in its mandatory takeover exercise, with the deadline set for Feb 2.

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 at RM1.29 apiece.

 

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