FGV directors differ from advisor on Felda’s ‘below fair value’ offer

By SHAHEERA AZNAM SHAH / Pic BLOOMBERG
FIVE of FGV Holdings Bhd’s non-interested directors have advised shareholders to reject Federal Land Development Authority’s (Felda) RM1.30 a share cash offer as the offer price undervalues the planter. The position of the directors was opposed to independent advisor RHB Investment Bank Bhd (RHB IB), which in its … Continue reading FGV directors differ from advisor on Felda’s ‘below fair value’ offer