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ACE Holdings Bhd applied with the High Court’s (Commercial division) to be placed under judicial management last month, under Section 405 of the Companies Act. Court papers sighted by The Edge following a file search revealed that the application was filed by Messrs Vinu and Lopex on March 13, and a second case management was fixed for Friday (April 14) after Koperasi Permodalan Felda Malaysia 2 Bhd applied to intervene. ....
Notable filings For the week of Nov 29 to Dec 3, notable changes in shareholding at companies listed on Bursa Malaysia included those at EA Holdings Bhd (EAH), which saw property developer VinVest Capital Holdings Bhd, formerly Vivocom Intl Holdings Bhd, emerge as a substantial shareholder of the ACE Market-listed IT company. ....
Felda becomes majority shareholder of FGV Holdings with 81% stake thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.
Felda becomes majority shareholder of FGV with 81pct stake A - The Federal Land Development Authority (Felda) has managed to control an 81 percent stake in FGV Holdings Bhd and its affiliates, including Koperasi Permodalan Felda Malaysia Bhd (KPF). This is following the mandatory offer period on the remaining unowned shares which expired Monday. In a statement today, Felda said 987.3 million or 27.1 percent shares were. All Access Plan ....
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 ....