Kuala lumpur: The Federal Land Development Authority (Felda) today announced the extension of its unconditional voluntary take-over offer for the remaining shares in FGV Holdings Bhd, setting Friday, August 15, 2025, as the second and final closing date for acceptances.

According to BERNAMA News Agency, Maybank Investment Bank Bhd (Maybank IB) stated on Felda’s behalf that there will be no further extension of the offer’s closing date. Felda initiated the offer to privatise FGV Holdings with a document posted on June 16, offering RM1.30 per share, initially set to close on Monday, July 7, 2025, unless extended.

Currently, Felda and its parties acting in concert (PACs) possess 3.24 billion FGV shares, which is 89 percent of the company’s total issued shares. This marks an increase from the 3.19 billion shares, or 87.46 percent, held as of the offer document posting date.

The statement advised holders who wish to accept the offer to refer to the offer document for details, terms, and conditions, and to review the independent advice circular dated June 26, 2025, before making their decision.

To recap, Maybank IB, on behalf of the offeror, informed the FGV board on May 26, 2025, of Felda’s intention to undertake an unconditional voluntary take-over offer. FGV entered the Bursa Malaysia Main Market in 2012 at RM4.55 a share, raising RM10.5 billion in one of Malaysia’s largest initial public offerings.