FGV (5222) Privatization – Key HighlightsFELDA currently holds approximately 86.9% of shares and issued the takeover document on May 26, 2025. The offer period is open for a minimum of 21 days and is set to close at 5:00 PM on July 7, 2025, unless extended.
FELDA aims to increase its stake to at least 90%, at which point it will initiate the delisting process, with trading expected to be suspended within 5 market days, followed by formal delisting.
Shareholder Options & Strategic Advice1. Sell in the Open Market
If you need funds urgently, you can sell your shares in the open market at around RM1.30. The trade will settle in T+2 (about 3 days). This is the fastest method but is subject to brokerage fees.
2. Accept FELDA’s Offer (Share Transfer)
You can fill in the forms and transfer your shares to FELDA by paying only RM10 per CDS account as a transfer fee. Payment will be made in about 2 to 3 months, depending on administrative processing.
3. Do Nothing (Hold Your Shares)
Since this is a voluntary, non-mandatory offer, and FELDA has not triggered the 90% compulsory acquisition threshold under Bursa regulations, you are not required to sell. You may retain your shares and theoretically continue to receive dividends, but you should be aware of the following:
If FGV is delisted, liquidity will be severely limited, and it may be difficult to find a buyer.
As a private company, information disclosure is limited, and shareholder rights weaken.
If FELDA triggers a future mandatory acquisition, the terms might be less favorable than the current offer.
So yes, you may legally choose to hold on, but you will face risks of illiquidity and uncertainty after delisting.
Important Dates to NoteOffer Document Issued: May 26, 2025
Offer Closing Date: July 7, 2025, 5:00 PM (unless extended)
If 90% Threshold is Reached: Trading may be suspended within 5 market days and delisting will follow
Expected Delisting Completion: Typically within the following weeks or months, but no later than end of this year
Summary AdviceIf you're seeking quick capital turnover or reinvestment, consider selling at RM1.30 on the market.
If you're not in a rush and want to avoid brokerage, you may transfer your shares to FELDA and wait for payment.
If you disagree with the price but don't want to exit, you may hold — but be prepared for the risks of delisting and reduced liquidity.
> “Yes, you can remain a shareholder in a private FGV. But understand the risks — holding unlisted shares may mean being stuck with no exit, less transparency, and lower control. This is not a mandatory takeover — you have the right to stay.”
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