The plantation group should be delisted as it cannot shake off its stigma as a political entity IT would appear that the last straw for Felda was when Perspective Lane Sdn Bhd launched an offer to become the single largest shareholder of FGV Holdings Bhd in October last year. Until then, Felda had been pussy-footing on a move to take FGV private. The innuendo from Felda to take back FGV into its fold was clear. It wanted to terminate a land lease agreement (LLA) between the government-owned authority and the listed company FGV to help it restructure its finances. The agreement can only be terminated if FGV is taken private. Two months after the offer from Perspective Lane, Felda launched a general offer for FGV. At the time of writing, it has accumulated more than 54% and the share price is just above its offer price of RM1.30. If the share price continues to be on the uptrend, Felda has to increase the offer price if it wants to take FGV off Bursa Malaysia.