FGV Holdings Berhad, one of the world’s largest palm oil companies, is set to be delisted from the Main Market of Bursa Malaysia by August 28, Prime Minister Datuk Seri Anwar Ibrahim confirmed today. This significant development follows the Federal Land Development Authority’s (FELDA) successful acquisition of over 92% of FGV’s shares, surpassing the 90% threshold required for a voluntary takeover offer.
“Because of good management – thank you to the Director-General and the entire Felda management – we can begin the delisting on August 28,” Prime Minister Anwar Ibrahim stated at the National Felda Settlers’ Day Celebration and Rural Entrepreneurs’ Carnival. He emphasised that the delisting would allow FELDA to “chart its own direction” and prioritize the interests and well-being of its settlers, particularly through Koperasi Permodalan Felda Malaysia Bhd (KPF).
Deputy Prime Minister Datuk Seri Dr. Ahmad Zahid Hamidi further elaborated that the full acquisition process is pending final approval from Bursa Malaysia. He added that the state governments of Pahang and Sabah have also become shareholders in FGV following its impending delisting, and that future profits are expected to be channeled back to FELDA settlers.
FGV Holdings was first listed on Bursa Malaysia on June 28, 2012, in what was then one of Southeast Asia’s largest initial public offerings (IPO), raising RM10.5 billion with shares priced at RM4.55 each. The listing was intended to unlock value from government-linked companies and attract foreign investment. However, over the years, FGV’s share price declined significantly due to various factors including operational challenges, governance concerns, and allegations of mismanagement, trading around RM1.22 in 2025 before the latest takeover bid.
