KUALA LUMPUR — FGV Holdings, one of the world’s largest palm oil producers, will be delisted from Bursa Malaysia this week after its takeover by the Federal Land Development Authority (Felda).
The company, which has been publicly traded for 12 years, said the move would allow it to operate with greater agility and strengthen its alignment with its state-owned parent. FGV will officially leave the main board on August 28.
Felda had crossed the 90% ownership threshold required for a takeover, prompting the withdrawal from the stock exchange.
“This is a strategic move that strengthens our alignment with Felda,” said group chief executive officer Fakhrunniam Othman in a statement. “It positions us to focus on sustainable growth, operational excellence, and long-term value creation for our stakeholders.”
FGV stressed that its operations, stakeholder commitments, and community-focused initiatives would continue without disruption.
“We remain fully committed to moving forward together with Felda for the benefit of our employees, settlers, and the communities we serve,” Fakhrunniam added. — August 25, 2025