Felda becomes majority shareholder of FGV with 81pct stake

The Federal Land Development Authority (Felda) has managed to control an 81 percent stake in FGV Holdings Bhd and its affiliates, including Koperasi Permodalan Felda Malaysia Bhd (KPF).

This is following the mandatory offer period on the remaining unowned shares which expired Monday.

In a statement today, Felda said 987.3 million or 27.1 percent shares were...