PETALING JAYA: Felda Global Ventures Holdings Bhd (FGV) has sealed its RM1.2bil takeover of Sabah-based Pontian United Plantations Bhd.
The plantation giant said in a filing with the stock exchange that it had received acceptances for 100% of the shares in Pontian, comprising 8.65 million shares, via its RM140 per share offer as at the closing date yesterday.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!