A PEGGY Method of Stock Market Share Fair Value Target Price IPO Dividend: Felda Global Ventures Holdings IPO

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Thursday, December 15, 2011

Felda Global Ventures Holdings IPO

Read from the news, when will be the listing of Felda Global Ventures Holdings IPO (FGV) on the Bursa Malaysia stock exchange? It will probably be in March next year.

They said the listing is important to Felda settlers. The settlers will own shares in the listed Felda Global Ventures Holdings IPO via the settlers' co-operative, Felda Investment Co-operative (KPF), and will have a controlling stake.

Felda Investment Co-operative EGM to be held on Jan 5 to vote on the IPO issue. The listing of FGV is expected to raise some RM6 billion.

Government own 100% of Felda Global Ventures.

Felda Investment Co-operative owns 51% in Felda Holdings while Felda Global Ventures holds 49%. Under the proposed listing, settlers would swap their 51% stake in Felda Holdings via Felda Investment Co-operative for 61% control of Felda Global Ventures.

Felda Holdings has about 880,000 ha plantation landbank.

The Star, extract.