Felda Nears Full Control as FGV Plans Bursa Delisting August 28

FGV Holdings Berhad is set to be delisted from Bursa Malaysia starting August 28, following the Federal Land Development Authority (Felda) acquiring over 92% of its shares, enabling full ownership and restructuring. Prime Minister Datuk Seri Anwar Ibrahim emphasized that the delisting allows Felda to independently determine FGV’s direction and focus on safeguarding the rights and interests of settlers, with support from the Federal Land Development Authority Malaysia Cooperative (KPF). He praised Felda’s efficient management and assured that the government will provide clear guidance to ensure FGV returns to Felda’s original mission. Deputy Prime Minister Datuk Seri Dr. Ahmad Zahid Hamidi highlighted that the state governments of Pahang and Sabah have also become shareholders, and future profits are expected to benefit the settlers. FGV, once a major IPO success in 2012, faced operational and governance challenges leading to a share price decline before this takeover. The next phase will be critical to managing Felda projects effectively and ensuring the settlers' priorities remain central.