KUALA LUMPUR – FGV Holdings Bhd will begin the process of delisting from Bursa Malaysia by August 28, as confirmed by Prime Minister Datuk Seri Anwar Ibrahim.
The move follows Felda’s strategic decision to reclaim control of the company, which will allow it to realign its focus on the interests of settlers, particularly through Koperasi Permodalan Felda Malaysia Bhd (KPF).
“This will ensure that Felda returns to its original purpose, which is to improve the well-being of its settlers,” Anwar stated in his address, as quoted by NST Online.
The announcement came after the Federal Land Development Authority (Felda) completed the acquisition of a majority stake in FGV, paving the way for full ownership and a company-wide restructuring.
Felda settlers are expected to benefit from the restructuring, with the profits generated being channelled directly to them, as outlined by Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.
Speaking to reporters at the Felda Settlers’ Appreciation Ceremony earlier today, Zahid explained that both the Pahang and Sabah state governments have also become shareholders in FGV following its planned delisting from Bursa Malaysia’s Main Market.
“The full acquisition process will be completed by Bursa Malaysia, and the proceeds from this will be directed to the settlers,” Zahid said.
In a recent filing to Bursa Malaysia, FGV confirmed that Felda had acquired 91.73 per cent of the company’s issued shares. The shares are expected to be suspended from trading five market days after the offer closes, which is scheduled for August 15.
FGV Holdings Berhad was listed on Bursa Malaysia on June 28, 2012, during the tenure of then-prime minister Najib Razak, as part of his administration’s broader economic liberalisation agenda. The initial public offering (IPO) raised RM10.5 billion, making it one of Southeast Asia’s largest at the time, with shares priced at RM4.55 each.
The listing was framed as a move to unlock value from government-linked companies and attract foreign investment, but it drew criticism over its impact on Felda settlers, whose land and livelihoods were closely tied to the venture.
Over the years, FGV’s share price declined sharply due to operational challenges, governance concerns, and allegations of mismanagement, falling below RM2 by 2018 and trading around RM1.22 in 2025. – August 2, 2025