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Felda acquires 91% of FGV shares, planning its delisting from Malaysia's stock market.
Felda, Malaysia's Federal Land Development Authority, has acquired over 91% of FGV Holdings Bhd's shares, leading to plans for FGV's delisting from Bursa Malaysia's Main Market.
This move aligns with Felda's strategic plan for a more competitive and sustainable business.
FGV, once the world's second-largest IPO in 2012, has seen its share price decline, prompting this latest acquisition.
The offer to acquire shares remains open until August 15.
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Felda adquiere el 91% de las acciones de FGV, planeando su exclusión de la bolsa de valores de Malasia.