FGV Holdings Berhad (5222)
Delisting Overview
FGV Holdings Berhad (FGV), trading under the stock counter 5222 on Bursa Malaysia, was officially delisted on August 28, 2025. This action followed a successful takeover by its parent company, the Federal Land Development Authority (FELDA).
The company was previously listed on the Main Market within the plantations sector and was designated as Shariah-compliant. On its final day of trading, the stock was priced at RM1.30 per share, with 2.76 million shares transacted.
The Takeover and Delisting Process
Minority shareholders who have not yet accepted FELDA's takeover offer may be subject to compulsory acquisition, allowing FELDA to eventually gain nearly a 100% equity stake in FGV. This final trading price of RM1.30 was still below the independent adviser’s estimated fair value of RM1.83 to RM1.99 per share.
Historical Context
FGV, then known as Felda Global Ventures Holdings Bhd, made its debut on Bursa Malaysia in 2012 through one of the largest initial public offerings (IPOs) in the world. The company raised approximately RM4.5 billion, while FELDA received RM5.5 billion. Despite this impressive start, the stock's performance significantly underperformed its initial IPO price of RM4.55. This decline was attributed to several factors, including a series of questionable acquisitions and financial difficulties, ultimately leading to its delisting from the stock exchange.
TESSA 31 August 2025