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FGV, more pain than gain

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 ....

Sdn Bhd , Azhar Abdul Hamid , Koperasi Permodalan Felda , Mohd Isa Samad , Holdings Bhd , Perspective Lane Sdn Bhd , Perspective Lane , Tan Sri Mohd Isa Samad , Bursa Malaysia , Datuk Wira Azhar Abdul Hamid , Specialist Editor , Corporate News , Political Entity , The Alternative View , ஸ்டன் ப்ட் , அஜார் அப்துல் ஹமிட் , மொஹட் ஐசா சமத் , ஹோல்டிங்ஸ் ப்ட் , முன்னோக்கு சந்து ஸ்டன் ப்ட் , முன்னோக்கு சந்து , பழுப்பு ஸ்ரீ மொஹட் ஐசா சமத் , நிபுணர் ஆசிரியர் , பெருநிறுவன செய்தி , பொலிடிகல் நிறுவனம் , தி மாற்று பார்வை ,