Quick take: FGV jumps 17% after failed privatisation by Felda


KUALA LUMPUR: Shares in FGV Holdings Bhd jumped over 17% in early trade Tuesday after the Federal Land Development Authority (Felda) failed in its bid to take FGV private at RM1.30 per share.

The planter, one of the top gainers on Bursa Malaysia, surged 17.69%, or 23 sen to RM1.53 with 12.6 million shares done.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


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!

FGV , Felda , privatisation , takeover , CPO

   

Next In Business News

PETRONAS reaches final investment decision for Indonesia's Hidayah development
Sime Darby Property acquires two modern logistics warehouses in Selangor for RM232mil
Australian dollar near 2-year trough, ANZ sees Feb rate cut
Ringgit slightly up against US$ in early trade
Bargain-hunting to lift FBM KLCI after two-day plunge
Trading ideas: Public Bank, Gamuda, Dialog, Parkson, Yinson, Green Packet, T7, MPHB, NPC, SMI
Oil settles up as cold weather drives fuel demand
Matrade inks solar power purchase deal with KCASB Kejuruteraan Cahaya Abadi
Price of steel down across most parts of Malaysia
T7 Global unit secures Hibiscus job

Others Also Read