THE MESSY OF FELDA VS FGV AFFAIR...
1. To recap, early last week, FELDA, which has a stake of 33.66% in FGV, sought to acquire UJSB’s 7.78% stake for RM368.8 million and KWAP’s 6.1% holding for RM289.2 million, triggering a mandatory takeover offer.
2. FGV, via a land lease agreement (LLA) with FELDA, controls and operates 350,733ha of plantations owned by FELDA, for a 99-year tenure starting from Nov 1, 2011. FGV on its own has 88,497ha of plantation land and 68 palm oil mills, parked under FGV Palm Industries Sdn Bhd.
3. The Timeline
4. The Fallen Shares
5. The Financial Performance
6. Q's
Sapa Untung ? Sapa Rugi ? Sapa Kena Getah ?
Apa Nasib Peneroka ?
7. Ada yang dok mengintai..??
